| | | |

Lightpoint Medical Raises $8M to Support Launch of Robotic Cancer Detection Probe


March 25, 2021

Lightpoint Medical, which is developing miniaturized cancer detection tools for robot-assisted surgery platforms, has announced completing an $8 million financing round. New funding from the British Business Bank Future Fund, including follow-on investors, has raised the total raised for the company to $18 million.

The company said the new capital will be used to finance expanded clinical trials and early commercialization of its robotic probe, SENSEI, which has the potential to assist in more than 2 million applicable surgical procedures every year in Europe, the U.S., Japan, and China. SENSEI received Europe’s CE Mark approval earlier this year, received approval for sale in Australia, and has been registered with the U.S. FDA. Commercial distribution deals have been made in Spain, Portugal and Australia, with more contracts to be announced later this year. Clinical trials are ongoing in prostate and cervical cancer, with new studies in lung cancer planned for the second half of 2021, the company said.

By exploiting advances in miniaturized sensor technologies and the development of cancer-targeted diagnostic imaging agents, Lightpoint is developing miniature tools appropriate in scale for minimally invasive and robotic-assisted surgery. The goal is to accurately detect cancer in real-time intra-operatively, aiding surgical decision making, improve patient outcomes and saving costs for healthcare systems.

“We’re grateful to the British Business Bank and many of our previous shareholders for investing in the round and reaffirming their commitment to Lightpoint,” sadi Dr. David Tuch, CEO of Lightpoint Medical. “This fundraising follows the U.S. and European market clearance for our SENSEI robotic probe and will enable us to further expand our clinical program and prepare for early commercial development of the technology.”

Follow-on investors included private investors, Oxford Technology, Venture Founders, and Coutts Bank. More details on Lightpoint Medical can be found here. Details on the SENSEI system are here.

Related video:


{youtube}nXZJNdvlPWg {/youtube}


Robotics World News

  • Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Colorado-based Scythe Robotics, which develops advanced commercial-grade autonomous systems for professional landscapers, has announced it raised $42 million in Series B funding. The company said it will use the funding to help meet demand for more than 7,500 reservations for its fully electric, fully autonomous M.52 mower. With the latest financing, Scythe Robotics has raised… Read More…

  • Seed Group and Ryberg Partner to Bring AI-Assisted Disinfection Technology to the Middle East

    Seed Group and Ryberg Partner to Bring AI-Assisted Disinfection Technology to the Middle East

    Netherlands-based Ryberg combines the latest in computer vision, robotics, and infection prevention-technologies to deliver intelligence and efficiency in disinfection. Ryberg has developed Disinfection Robots, which are self-driving disinfection machines. Ryberg’s patented Disinfection Engine makes intelligent disinfection decisions, allowing the robots to disinfect spaces for up to 6 hours—to bring a layer of defense in the… Read More…

Products for Robots & Cobots