Tirat Carmel, Israel-based Insightec Ltd. has inked a deal for a series F financing of up to $150 million led by Koch Disruptive Technologies (KDT), a subsidiary of Koch, Inc..
The round, which has a post-money valuation of $1.3 billion, is earmarked for continued study of the company’s low-intensity, focused ultrasound technology in treating certain movement disorders.
KDT, which is making its second direct investment in Insightec, has pledged $100 million in the round, which is scheduled to close March 18. The remaining funds will be invested at a later closing.
