Zap Surgical Raises $81M for RadioSurgical Robot

The San Carlos, CA-based company has raised a total of $160 million since it was founded in 2014.

Omar Ford

January 9, 2020

1 Min Read
Zap Surgical Raises $81M for RadioSurgical Robot
Image Courtesy of Zap SurgicalZap-X Gyroscopic Radiosurgery platform

Zap Surgical’s latest move shows investors continue to rally around the surgical robotics market. The San Carlos, CA-based company has raised $81 million equity financing round and has developed Zap-X, an FDA-cleared radiosurgical robot for the treatment of cancer and other brain disorders.

The financing round was led by Primavera Capital Group, with participation from GT Healthcare Capital Partners, Chow Tai Fook Enterprises, ShangBay Capital, and Hogy Medical, who joined existing investors Foxconn Technology Group and Varian Medical Systems.

Funds from the financing round will be used to accelerate the commercialization of the Zap-X surgical robot. The company has now raised more than $160 million in financing capital since it was formed in 2014.

"We are very excited to be a part of this highly promising, innovative, mission-driven medical device company at an early stage in its commercial development," Dr. Fred Hu, Chairman and Founder of Primavera Capital Group, said in a release.

The Zap-X platform is an integrated robotic software and hardware solution currently FDA-cleared to provide image-guided stereotactic radiosurgery for tumors, lesions and conditions in the brain, head and neck. Zap-X incorporates a self-shielded design that typically eliminates the need for costly radiation bunkers.

Zap Surgical’s financing comes on the heels of a major shakeup in the overall surgical robotics market. Late last year, Johnson & Johnson announced it would acquire the remaining stake in its Verb Surgical joint venture with Verily Life Sciences. The companies did not disclose the financial details of the deal, which is expected to close in the first half of this year.

About the Author

Omar Ford

Omar Ford is a veteran reporter in the field of medical technology and healthcare journalism. As Editor-in-Chief of MD+DI (Medical Device and Diagnostics Industry), a leading publication in the industry, Ford has established himself as an authoritative voice and a trusted source of information.

Ford, who has a bachelor's degree in print journalism from the University of South Carolina, has dedicated his career to reporting on the latest advancements and trends in the medical device and diagnostic sector.

During his tenure at MD+DI, Ford has covered a wide range of topics, including emerging medical technologies, regulatory developments, market trends, and the rise of artificial intelligence. He has interviewed influential leaders and key opinion leaders in the field, providing readers with valuable perspectives and expert analysis.

 

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