Activ Surgical Secures $11 Million in Series A+ Funding to Advance Real-Time Intraoperative Visualization Platform

On October 29, 2019, VCBeat (WeChat ID: vcbeat) learned that digital health company Activ Surgical announced the completion of an $11 million Series A+ financing round. The round was led by DNS Capital, with participation from GreatPoint Ventures, Tao Capital Partners, SONY Innovation Fund, Rising Tide Financial, WS Investment, and Mintz.

Activ Surgical, founded in 2017 and headquartered in Boston, USA, is dedicated to improving the efficiency, accuracy, patient outcomes, and accessibility of endoscopic and surgically assisted robotic procedures. The company’s scalable, patented surgical software platform, powered by computer vision, artificial intelligence analytics, and machine learning, enhances the accuracy of surgeons’ intraoperative decision-making and reduces the incidence of unintended and preventable surgical complications.

ActivSight, an advanced software and sensing platform developed by the company, operates dynamically and seamlessly to “activate” installed surgical visualization and robotic systems, providing clinicians worldwide with real-time intraoperative visualization data and images that were previously inaccessible through existing technologies. Activ Surgical plans to launch ActivSight commercially for the first time in the fall of 2020.

Activ Surgical CEO Todd Usen stated, “The enthusiasm and support from numerous investors affirm the value of our proprietary technology. We will use this funding to continue scaling our organization and prepare for the 2020 commercial launch of ActivSight.”

Michael Pucker, Chairman and CEO of DNS Capital, stated, “Activ Surgical integrates advanced imaging technology with artificial intelligence to improve patient outcomes, reduce healthcare costs, and address unexpected surgical complications, thereby driving the development of the healthcare industry.”

DNS Capital, established in 2015, is the private investment office for Gigi Pritzker Pucker, Michael Pucker, and their immediate families. The firm employs a flexible, long-term investment approach to align interests, grow businesses, and create lasting value.

GreatPoint Ventures, established in 2015, is a venture capital firm based in San Francisco, USA, primarily leading Series A and Series B investments.

Tao Capital Partners is a San Francisco-based family investment firm focused on investing in sectors with sustainable development significance, including technology, transportation, healthcare, education, and food.

SONY Innovation Fund, established in July 2016, is Sony’s corporate venture capital arm, primarily investing in promising startups. Beyond investment, the firm works closely with its portfolio companies to connect them with Sony and its partners, providing guidance and advice.

Ride Tide Financial is a venture capital firm headquartered in Silicon Valley, USA, with operations spanning the United States, Canada, Europe, and the Middle East. The company is dedicated to breaking down industry barriers and exploring new markets, with a focus on areas such as big data analytics, computer-aided design (CAD), optical sensors, and mobile applications for vertical markets.

WS Investment was established in 1978 and is headquartered in California, United States. The company is the investment fund of the law firm Wilson Sonsini Goodrich & Rosati.

Mintz, established in 2001, is a full-service law firm. The firm has 500 attorneys and maintains offices in Boston, Los Angeles, New York, San Diego, San Francisco, Washington, D.C., and London.

(Compiled by Jiang Ying)