About PROCEPT BioRobotics
PROCEPT BioRobotics is a company based in Redwood City (United States) founded in 2009.. PROCEPT BioRobotics has raised $348.84 million across 8 funding rounds from investors including Fidelity Investments, T. Rowe Price and Perceptive Advisors. The company has 756 employees as of December 31, 2024. PROCEPT BioRobotics offers products and services including Aquablation Therapy, HYDROS Robotic System, and AquaBeam Robotic System. PROCEPT BioRobotics operates in a competitive market with competitors including Intuitive, Auris Health, Brainlab, Corindus Vascular Robotics and Mazor Robotics, among others.
- Headquarter Redwood City, United States
- Employees 756 as on 31 Dec, 2024
- Stage Public
-
Sectors
HealthcareIndustrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Procept Biorobotics Corporation
-
Annual Revenue
$224.5 M64.84as on Dec 31, 2024
-
Net Profit
$-91.41 M13.68as on Dec 31, 2024
-
EBITDA
$-91.38 M13.27as on Dec 31, 2024
-
Total Equity Funding
$348.84 M (USD)
in 8 rounds
-
Latest Funding Round
$172.5 M (USD), Post-IPO
Sep 06, 2023
-
Investors
Fidelity Investments
& 5 more
-
Employee Count
756
as on Dec 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of PROCEPT BioRobotics
PROCEPT BioRobotics is a publicly listed company on the NASDAQ with ticker symbol PRCT in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of PROCEPT BioRobotics
PROCEPT BioRobotics offers a comprehensive portfolio of products and services, including Aquablation Therapy, HYDROS Robotic System, and AquaBeam Robotic System. 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.
Ultrasound-guided robotic treatment for benign prostatic hyperplasia.
AI-powered platform for precise BPH therapy procedures.
Waterjet-based system for prostate tissue resection.
Unlock access to complete
Unlock access to complete
Sales and Marketing
94 people
Software Development Team
69 people
Senior Team
26 people
Product Management Team
19 people
Leadership Team
18 people
Associate Team
10 people
Operations Team
10 people
Human Resources and Administration
9 people
Unlock access to complete
Funding Insights of PROCEPT BioRobotics
PROCEPT BioRobotics has successfully raised a total of $348.84M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $172.5 million completed in September 2023. 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 8
- Last Round Post-IPO — $172.5M
-
First Round
First Round
(15 Oct 2013)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Post-IPO - PROCEPT BioRobotics | Valuation |
investors |
|
| Jun, 2021 | Amount | Series G - PROCEPT BioRobotics | Valuation | Fidelity Investments | |
| Aug, 2020 | Amount | Series C - PROCEPT BioRobotics | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PROCEPT BioRobotics
PROCEPT BioRobotics has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Fidelity Investments, T. Rowe Price and Perceptive Advisors. 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 |
|---|---|---|---|---|
|
Private investment firm focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Health-tech companies are targeted for venture capital investments.
|
Founded Year | Domain | Location | |
|
Private equity and venture capital fund focused on the healthcare sector
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by PROCEPT BioRobotics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - PROCEPT BioRobotics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Procept Biorobotics Comparisons
Competitors of PROCEPT BioRobotics
PROCEPT BioRobotics 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 Intuitive, Auris Health, Brainlab, Corindus Vascular Robotics and Mazor Robotics, 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 |
Robotic-assisted surgical systems are developed for minimally invasive procedures.
|
|
| domain | founded_year | HQ Location |
Robotic microsurgical systems for endoscopy are developed.
|
|
| domain | founded_year | HQ Location |
Software and integrated solutions for surgical and radiotherapy applications
|
|
| domain | founded_year | HQ Location |
Remote robotic systems for vascular interventional procedures are developed.
|
|
| domain | founded_year | HQ Location |
Robotic guidance systems for spine surgery are manufactured and utilized.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Procept Biorobotics
Frequently Asked Questions about PROCEPT BioRobotics
When was PROCEPT BioRobotics founded?
PROCEPT BioRobotics was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Where is PROCEPT BioRobotics located?
PROCEPT BioRobotics is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Who is the current CEO of PROCEPT BioRobotics?
Reza Zadno is the current CEO of PROCEPT BioRobotics.
Is PROCEPT BioRobotics a funded company?
PROCEPT BioRobotics is a funded company, having raised a total of $348.84M across 8 funding rounds to date. The company's 1st funding round was a Series C of $76.98M, raised on Oct 15, 2013.
How many employees does PROCEPT BioRobotics have?
As of Dec 31, 2024, the latest employee count at PROCEPT BioRobotics is 756.
What is the annual revenue of PROCEPT BioRobotics?
Annual revenue of PROCEPT BioRobotics is $224.5M as on Dec 31, 2024.
What does PROCEPT BioRobotics do?
PROCEPT BioRobotics was founded in 2009 in Redwood City, United States, within the medical device sector focused on urology. An image-guided robotic platform is developed for treating benign prostatic hyperplasia through targeted prostate tissue resection. Real-time ultrasonic guidance is utilized for surgical planning and controlled delivery of high-velocity saline streams, enabling personalized procedures in outpatient settings.
Who are the top competitors of PROCEPT BioRobotics?
PROCEPT BioRobotics's top competitors include Brainlab, Auris Health and Medical Microinstruments.
What products or services does PROCEPT BioRobotics offer?
PROCEPT BioRobotics offers Aquablation Therapy, HYDROS Robotic System, and AquaBeam Robotic System.
Is PROCEPT BioRobotics publicly traded?
Yes, PROCEPT BioRobotics is publicly traded on NASDAQ under the ticker symbol PRCT.
Who are PROCEPT BioRobotics's investors?
PROCEPT BioRobotics has 6 investors. Key investors include Fidelity Investments, T. Rowe Price, Perceptive Advisors, Computer Programs Marketing Group, and Viking Global Investors.
What is PROCEPT BioRobotics's ticker symbol?
The ticker symbol of PROCEPT BioRobotics is PRCT on NASDAQ.