ZAP Surgical Systems, a San Carlos, CA-based non-invasive robotic brain surgery company, raised $78M in Series E funding.
The round was led by Qingdao Baheal Medical Inc., with participation from other strategic investors.
The company intends to use the funds to advance the commercialization of its ZAP-X® Gyroscopic Radiosurgery® platform.
Led by John R. Adler, MD, Professor Emeritus of Neurosurgery at Stanford University and Founder and CEO, ZAP Surgical Systems designs and manufactures the ZAP-X® Gyroscopic Radiosurgery® platform, a dedicated, non-invasive cranial radiosurgery solution to incorporate advanced gyroscopic technology. It aims to enable healthcare providers to deliver high-quality treatment without the costs and infrastructural burdens associated with traditional systems.
The ZAP-X system features an innovative design with gyroscopic movement, enabling radiosurgical beams to be directed from thousands of potential angles for precise tumor targeting. Additionally, the vault-free and cobalt-free design of ZAP-X eliminates the need for shielded treatment rooms and removes the traditional requirement to manage, secure, and replace radioactive isotopes for radiation beam production.
Commenting on the news, John R. Adler said: “This partnership with Baheal Medical perfectly aligns with our mission, providing ZAP-X with a powerful platform to reach millions of underserved patients globally.”
FinSMEs
11/11/2024