MedCity News: Insightec raises $150M for incisionless surgery

Insightec, a company making an ultrasound device that can be used to treat essential tremor, raised $150 million. The company now has a post-money valuation of $1.3 billion.

After it received expanded FDA approval for an incisionless surgical device, Insightec raised new funding that valued the company above $1 billion.

The company closed a $150 million funding round for its surgical ultrasound device, used to treat essential tremor in patients that haven’t responded to medication, and tremor-dominant Parkinson’s disease.  Koch Disruptive Technologies, a subsidiary of Koch Industries, led the funding round, bringing Insightec’s post-money valuation to $1.3 billion.

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