About SafeStitch
SafeStitch is a company based in Miami (United States) founded in 2005. SafeStitch has raised $7.58 million across 8 funding rounds. The company has 167 employees as of December 31, 2021. SafeStitch has completed 1 acquisition, including Asensus. SafeStitch operates in a competitive market with competitors including EndoGastric Solutions, EndoChoice, CoapTech, Rockfield and Reliefband, among others.
- Headquarter Miami, United States
- Employees 167 as on 31 Dec, 2021
- Stage Public
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$7.58 M (USD)
in 8 rounds
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Latest Funding Round
$160.37 M (USD), Post-IPO
Sep 16, 2013
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Investors
Not available
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Employee Count
167
as on Dec 31, 2021
- Investments & Acquisitions
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Funding Insights of SafeStitch
SafeStitch has successfully raised a total of $7.58M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $160.37 million completed in September 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.
Investments & Acquisitions by SafeStitch
SafeStitch has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Asensus.
Investment portfolio details for SafeStitch
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Robotic laparoscopic systems are developed for minimally invasive surgeries.
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Locked | Locked | 2006 | Locked |
Complete acquisition details for SafeStitch
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Financial Statements - SafeStitch
Detailed financials for SafeStitch
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Safestitch Comparisons
Peer comparison for SafeStitch
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Competitors of SafeStitch
SafeStitch 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 EndoGastric Solutions, EndoChoice, CoapTech, Rockfield and Reliefband, among others.
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Incisionless transoral procedures for upper GI diseases are developed.
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Devices, systems, and services are provided for GI specialists.
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Minimally invasive gastrostomy feeding tube placement method is developed.
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Developer of a medical device for the feeding sector
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Wearable device is developed for nausea and vomiting relief.
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Endoscopic catheters for precision in gastroenterology are developed.
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Detailed competitors of SafeStitch
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Latest news on Safestitch
Complete news archive for SafeStitch
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Frequently Asked Questions about SafeStitch
SafeStitch was founded in 2005.
SafeStitch is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
SafeStitch is a funded company, having raised a total of $7.58M across 8 funding rounds to date.
As of Dec 31, 2021, the latest employee count at SafeStitch is 167.
Safe Stitch develops numerous devices in the areas of Bariatric Surgery, Reflux Interventions, Barretts Esophagus, Hernia Repair, NOTES (NO SCAR) Surgery and more. In September 2007, SafeStitch LLC completed a share exchange with Cellular Technical Services Company, a publicly-traded company, which has since been renamed SafeStitch Medical, Inc. Its medical devices manipulate tissues for endoscopic and minimally invasive surgery in the treatment of obesity, gastroesophageal reflux disease (GERD), Barretts esophagus, esophageal obstructions, upper gastrointestinal bleeding, hernia formation, and other intraperitoneal abnormalities. The companys product portfolio includes AMID HFD Stapler that uses non-absorbable titanium staples to repair inguinal or ventral hernias; SMART Dilator, which is used when an endoscopy demonstrates the narrowing of the esophagus; and Standard Bite Block and Airway Bite Block that are used to protect endoscope used in transoral gastrointestinal procedures. Its product candidates comprise Intralumenal Gastroplasty Device for obesity and GERD that consists of a set of instruments designed to perform endoscopic surgery by introduction through the mouth and esophagus; Barretts Excision Device for the diagnosis and treatment of Barretts esophagus; and Novel Devices for natural orifice transluminal endoscopic surgery, a method of operating in the abdominal cavity without making an incision in the abdominal wall. Since 2013, SafeStitch Medical, Inc. was acquired by TransEnterix, Inc., in a reverse merger transaction.
SafeStitch's top competitors include CoapTech, Endo Tools Therapeutics and EndoChoice.
SafeStitch has made 1 acquisition, including Asensus.