About Insightec
Insightec is a company based in Tirat Carmel (Israel) founded in 1999 by Oded Tamir and Kobi Vortman.. Insightec has raised $574.2 million across 13 funding rounds from investors including GE Healthcare, Fidelity Investments and Baillie Gifford. Insightec offers products and services including Exablate Neuro. Insightec operates in a competitive market with competitors including HistoSonics, Profound Medical, Theraclion, SONIRE Therapeutics and Carthera, among others.
- Headquarter Tirat Carmel, Israel
- Founders Oded Tamir, Kobi Vortman
- Stage Unicorn
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Insightec Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$574.2 M (USD)
in 13 rounds
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Latest Funding Round
$150 M (USD), Series G
Jun 18, 2024
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Investors
GE Healthcare
& 20 more
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Employee Count
Employee Count
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Products & Services of Insightec
Insightec offers a comprehensive portfolio of products and services, including Exablate Neuro. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for non-invasive treatment of Essential Tremor and Parkinson's Disease.
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Funding Insights of Insightec
Insightec has successfully raised a total of $574.2M across 13 strategic funding rounds. The most recent funding activity was a Series G round of $150 million completed in June 2024. 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 Total Funding
- Total Rounds 13
- Last Round Series G — $150.0M
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First Round
First Round
(10 Aug 2006)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series G - Insightec | Valuation | Fidelity Investments , Nexus NeuroTech Ventures | |
| Sep, 2022 | Amount | Debt – Conventional - Insightec | Valuation |
investors |
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| Nov, 2020 | Amount | Series F - Insightec | Valuation | England |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Insightec
Insightec has secured backing from 21 investors, including institutional and venture fund investors. Prominent investors backing the company include GE Healthcare, Fidelity Investments and Baillie Gifford. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are focused on neurotechnology for brain disorders.
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Founded Year | Domain | Location | |
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Private equity and hedge fund investments in healthcare are managed.
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Founded Year | Domain | Location | |
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Venture capital is provided to biomedical technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Insightec
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Insightec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Insightec Comparisons
Competitors of Insightec
Insightec operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HistoSonics, Profound Medical, Theraclion, SONIRE Therapeutics and Carthera, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tissue ablation is achieved through non-invasive ultrasound Histotripsy technology.
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| domain | founded_year | HQ Location |
Image-guided prostate ablation systems for cancer treatment are developed.
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| domain | founded_year | HQ Location |
Provider of non-invasive robotic ultrasound therapy devices
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| domain | founded_year | HQ Location |
High-intensity focused ultrasound systems for targeted cancer treatments are developed.
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| domain | founded_year | HQ Location |
Ultrasound-based medical devices for brain tumor treatment are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Insightec
Frequently Asked Questions about Insightec
When was Insightec founded?
Insightec was founded in 1999 and raised its 1st funding round 7 years after it was founded.
Where is Insightec located?
Insightec is headquartered in Tirat Carmel, Israel. It is registered at Tirat Carmel, Haifa District, Israel.
Who is the current CEO of Insightec?
Kobi Vortman is the current CEO of Insightec. They have also founded this company.
Is Insightec a funded company?
Insightec is a funded company, having raised a total of $574.2M across 13 funding rounds to date.
What does Insightec do?
Insightec was founded in 1999 in Tirat Carmel, Israel, as a provider of medical devices utilizing MR-interfaced ultrasound technology. The Exablate Neuro platform is employed to deliver focused sound waves guided by MRI for treating medication-refractory essential tremor, Parkinsons disease, uterine fibroids, and pain from metastatic bone tumors. Operations center on neurology and oncology sectors, with devices integrated into clinical settings for non-invasive procedures.
Who are the top competitors of Insightec?
Insightec's top competitors include HistoSonics, Profound Medical and Theraclion.
What products or services does Insightec offer?
Insightec offers Exablate Neuro.
Who are Insightec's investors?
Insightec has 21 investors. Key investors include GE Healthcare, Fidelity Investments, Baillie Gifford, Perceptive Advisors, and Koch Disruptive Technologies.
What is Insightec's valuation?
The valuation of Insightec is $1.3B as of Mar 2020.
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