About Beacon Endoscopic
Beacon Endoscopic is a Healthcare company based in Boston (United States) founded in 2008, and was acquired by Covidien in November 2013. Endoscopic ultrasound delivery systems are developed for needle procedures. Beacon Endoscopic has raised $8.81 million across 5 funding rounds from investors including Covidien and MVM Partners. The company was acqui-hired. Its focus areas include Life Sciences, Imaging Diagnostics and Ultrasound. Its competitors include Butterfly Network, Exo and SonoSite; 2 of its 3 listed competitors have raised funding.
Company details
Beacon Endoscopic was founded in 2008 in Boston, United States, and operates as a subsidiary of Covidien plc within the medical devices sector. Endoscopic ultrasound delivery systems are developed to support clinical workflows in endoscopy. The Beacon system is designed for multi-needle passage through a single device, while SharkCore enables fine-needle biopsies with cohesive tissue acquisition, and BNX facilitates fine-needle aspiration procedures.
- Headquarters Boston, United States
- Stage Acquired
- SectorsHealthcare
- Website beaconendoscopic.com
- Social LinkedIn
- Acquired by Covidien (Nov 2013)
Funding Insights of Beacon Endoscopic
Beacon Endoscopic has successfully raised a total of $8.81M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.2 million completed in July 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8.81M
- Total Rounds 5
- Last Round Debt – Conventional — $1.2M
- First Round $5M
(Aug 2011)
- Investors Count 1
All 5 funding rounds of Beacon Endoscopic with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2013 | $1.2M | Debt – Conventional | – | – | – |
| Mar 2013 | $1.09M | Debt – Conventional | – | – | – |
| Jul 2012 | $1.25M | Seed | – | – | – |
| Aug 2011 | $2.56M | Seed | – | – | – |
| Aug 2011 | $5M | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Beacon Endoscopic
Beacon Endoscopic has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Covidien and MVM Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| mvm.com | ||||
Medical devices for minimally invasive therapies are provided globally. | 2007 | covidien.com | Dublin, Ireland |
Investor details for Beacon Endoscopic
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Beacon Endoscopic
1083 people are tracked at Beacon Endoscopic (413 in leadership, 11 in board & advisors, 659 in team).
| Name | Role | Group |
|---|---|---|
Shannon Mays | Vice President | U.s. Commercial Strategy & Enaibled Strategic Sales | Leadership |
Brian Asmussen | Senior Director Of Enterprise Accounts & Services | Leadership |
William Albans | Senior Sales Director | Leadership |
April Francis | IT Director | Leadership |
Arvind Ramadorai | Global Head Of Innovation, Robotic Surgery Technologies | Leadership |
Steve Hartmann | Vice President R&d | Leadership |
Shane Buff | Vice President R&d Next Gen Surgical Robotics | Leadership |
Silvia Natalia Mann | VAVE Engineering Director | Leadership |
Eric Schilling | Chief Systems Engineer For Tvcpt, Distinguished Engineer, Technical Fellow | Leadership |
Roopa Sripathi | Associate Engineering Director | Leadership |
Linnea Burman | SVP & President, Neurovascular | Leadership |
Kristine Gredzens | VP Of Finance, CFO Of Peripheral Vascular Health | Leadership |
Carl Barbieri | Finance Director - Contract Manufacturing | Leadership |
Niels Huve | Senior Director APAC Deliver Operations | Leadership |
Brett Wall | EVP & President, Neuroscience Portfolio | Leadership |
Edgar Arrocha | VP Finance, CFO Cranial And Spinal Technologies Operating Unit | Leadership |
Luke S. | Director Of Finance | Leadership |
Joann Tholen | IT Program Director | Leadership |
Stephanie Vanosdall | Senior Director | Leadership |
Teresa Carrasco | Employee And Labor Relations Director | Leadership |
1063 more people are available in the full profile.
Complete people profiles for Beacon Endoscopic
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Beacon Endoscopic
4 dated milestones of Beacon Endoscopic across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Beacon Endoscopic is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Debt – Conventional, of $1.2M.
- Exit Acquired by Covidien.
Competitors of Beacon Endoscopic
Beacon Endoscopic has 3 listed competitors in our database, 2 of them funded. They include Butterfly Network, Exo and SonoSite.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| butterflynetwork.com | 2011 | Guilford, United States | $350M | 225 | Handheld ultrasound devices are developed for whole-body medical imaging. | |
| exo.inc | 2015 | Redwood, United States | $463.39M | 152 | Ultrasound images are analyzed via AI-based software provided by Exo. | |
| sonosite.com | 1986 | Bothell, United States | 606 | Hand-carried ultrasound systems for medical specialties are developed and distributed. |
Detailed competitors of Beacon Endoscopic
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Imaging Diagnostics
3 companies that operate in the same segment as Beacon Endoscopic (Imaging Diagnostics) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Handheld ultrasound devices are developed for whole-body medical imaging. | 2011 | Guilford, Connecticut, United States | USD 350 M | USD 97.61 M | 464 | |
Robotic microsurgical systems for endoscopy are developed. | 2007 | Redwood City, California, United States | USD 733.62 M | 91 | ||
Ultrasound images are analyzed via AI-based software provided by Exo. | 2015 | Redwood City, California, United States | USD 463.39 M |
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Frequently Asked Questions about Beacon Endoscopic
Beacon Endoscopic was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Beacon Endoscopic is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Beacon Endoscopic is a funded company, having raised a total of $8.81M across 5 funding rounds to date. The company's 1st funding round was a Private Equity Round of $5M, raised on Aug 2011.
Beacon Endoscopic was founded in 2008 in Boston, United States, and operates as a subsidiary of Covidien plc within the medical devices sector. Endoscopic ultrasound delivery systems are developed to support clinical workflows in endoscopy. The Beacon system is designed for multi-needle passage through a single device, while SharkCore enables fine-needle biopsies with cohesive tissue acquisition, and BNX facilitates fine-needle aspiration procedures.
Beacon Endoscopic's top competitors include Butterfly Network, Exo and SonoSite.
Beacon Endoscopic has 2 investors. Key investors include Covidien, and MVM Partners.
Yes. Beacon Endoscopic was acquired by Covidien in November 2013.