NeuWave

Madison, United States Founded: 2004 • Age: 22 yrs Acquired By Quantum Surgical
Microwave ablation systems for soft tissue and cancer are developed.
Annual revenue - Latest available
Total funding $52.7M 9 rounds
Employees - Tracked headcount
Investors 8 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

About NeuWave

NeuWave is a company based in Madison (United States) founded in 2004 was acquired by Quantum Surgical in February 2026. NeuWave has raised $52.68 million across 9 funding rounds from investors including HHS, Quantum Surgical and HIG BioHealth Partners. NeuWave operates in a competitive market with competitors including KLOwen, Aibo Medical, The InterMed Group, Panorama Eyecare and Therma Bright, among others.

  • Headquarter Madison, United States
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Ethicon Us, Llc
Operational Areas
Healthcare → Healthcare Services & Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $52.68 M (USD)

    in 9 rounds

  • Latest Funding Round
    $25 M (USD), Series C

    May 28, 2015

  • Investors
    HHS

    & 7 more

  • Employee Count
    Not available
  • Acquired by
    Quantum Surgical

    & 1 more

    (Feb 24, 2026)

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Funding Insights of NeuWave

NeuWave has successfully raised a total of $52.68M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in May 2015. 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.

Investors in NeuWave

NeuWave has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include HHS, Quantum Surgical and HIG BioHealth Partners.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital firm managing investments in biotechnology and pharmaceuticals since 1999.
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Multiple sectors focused seed & early stage VC firm investing in the US, Europe & Asia
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Investor details for NeuWave

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Investments & Acquisitions by NeuWave

Investments
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Investment portfolio details for NeuWave

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  • Transaction dates
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Financial Statements - NeuWave

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Detailed financials for NeuWave

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Neuwave Comparisons

NeuWave Primary company
Description
Microwave ablation systems for soft tissue and cancer are de...
Location
Madison, United States
Founded Year
2004
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for NeuWave

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Competitors of NeuWave

NeuWave 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 KLOwen, Aibo Medical, The InterMed Group, Panorama Eyecare and Therma Bright, among others.

Company Name Domain Founded year HQ Location Description
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Digital tools for orthodontists are provided by KLOwen.
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Vascular interventional surgery robot systems are developed by the company.
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Healthcare technology management services and equipment are provided.
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Physician-led management services for eye care professionals are provided.
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Provider of medical device management services
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Detailed competitors of NeuWave

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Latest news on Neuwave

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Complete news archive for NeuWave

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Frequently Asked Questions about NeuWave

NeuWave was founded in 2004 and raised its 1st funding round 4 years after it was founded.

NeuWave is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.

NeuWave is a funded company, having raised a total of $52.68M across 9 funding rounds to date.

NeuWave Medical has developed the Certus 140 Microwave Ablation System for soft tissue and cancerous tissue ablation including lung, liver, kidney cancers. Also provides probes and surgical tools to support the ablation procedure. Its a hand held device with flexible power delivery settings. They have received 510(k) clearance for their Certus 140TM 2.45 GHz Ablation System. In March 2016, NeuWave Medical was acquired by Ethicon, a division of Johnson Johnson.

NeuWave's top competitors include KLOwen, Therma Bright and The InterMed Group.

NeuWave has 8 investors. Key investors include HHS, Quantum Surgical, HIG BioHealth Partners, Versant Ventures, and Venture Investors.

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