INSIGHTEC®, a commercial-stage medical technology company revolutionizing surgery with incisionless MRI-guided focused ultrasound (MRgFUS) announced today the closing of a $150 million Series E private equity investment round. Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries, focused on finding and funding innovative and emerging companies, led the round with a $100 million investment.
INSIGHTEC plans to use the proceeds from the financing to support marketing and commercialization for its approved safe and non-invasive treatments, including Exablate® Neuro for essential tremor (ET), and for continuing research and development towards addressing other brain indications including Parkinson’s disease, Alzheimer’s disease, and cancer.
“INSIGHTEC is committed to driving global adoption of our existing focused ultrasound treatments, while leading ground-breaking research to apply our proprietary technology in novel ways,” said Maurice R. Ferré, MD, INSIGHTEC’s Chief Executive Officer and Chairman of the Board. “With this substantial investment, we plan to ultimately leverage our incisionless solutions to positively transform the lives of millions of patients.”