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- InSightec
InSightec Revenue, Valuation, Funding & Investors
InSightec is valued at $375M as of June 2024, a 26.8x multiple on its last reported $14M revenue.
Last InSightec valuation
$375M
Undisclosed stage · Jun 2024
Last InSightec funding round
$150M
Undisclosed stage · Jun 2024
InSightec revenue
$14M
Undisclosed stage · Jun 2024
Key investors in InSightec
Koch Disruptive Technologies
GE HealthCare
York Capital Management
GEOC
Elbit Realestate
Fidelity
About InSightec
InSightec is a Haifa-based pioneer in magnetic resonance-guided focused ultrasound for non-invasive surgeries. The Exablate Neuro system treats essential tremor and Parkinsonian tremor, earning FDA approval in 2016 after initial uterine fibroid clearance in 2004. InSightec's technology also addresses bone metastases pain and adenomyosis, with installations in over 100 centers globally including Mayo Clinic and University of Toronto.
Founded
1999
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$14M (Jun 2024)
Valuation
$375M (Jun 2024)
Sectors
InSightec Valuation
InSightec is currently valued at $375M, based on its undisclosed-stage round in June 2024.
The $150M round was led by Ally Bridge Group, Fidelity and Nexus NeuroTech, with participation from Baillie Gifford, Gilmartin Capital LLC, Catalio Capital Management, Fayez Sarofim & Co., Perceptive Advisors and 1 other investor.
InSightec's valuation has grown 1.9x from $200M at its Series D in December 2014 to $375M in June 2024, across 5 priced rounds.
InSightec valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2024 | Undisclosed stage | $375M | 26.8x |
| Apr 2021 | Undisclosed stage | $1.3B | - |
| Mar 2020 | Series F | $1.3B | - |
| Dec 2017 | Series E | $610M | - |
| Dec 2014 | Series D | $200M | 9.5x |
InSightec Revenue
InSightec's latest recorded revenue is $14M, as of its undisclosed-stage round in June 2024. At a $375M valuation, that implies a 26.8x revenue multiple.
Revenue moved from $21M in December 2014 to $14M in June 2024, while the revenue multiple moved from 9.5x to 26.8x.
InSightec revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2024 | $14M | $375M | 26.8x | Undisclosed stage |
| Dec 2014 | $21M | $200M | 9.5x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
InSightec Funding History
InSightec has raised a total of $667M across 6 funding rounds.
InSightec's first fundraising round was a $59M Series D in December 2014. The most recent completed round was a $150M undisclosed-stage round in June 2024.
InSightec funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2024 | Undisclosed stage | Ally Bridge Group (lead); Fidelity (lead); Nexus NeuroTech (lead); Baillie Gifford; Gilmartin Capital LLC; Catalio Capital Management; Fayez Sarofim & Co.; Perceptive Advisors; Peregrine Ventures | $150M | $375M | InSightec is a global healthcare company based in Haifa, Israel, and Miami, FL, specializing in focused ultrasound technology to transform patient care, particularly for neurosurgery applications like tremor treatment using MRI-guided sound waves. On June 18, 2024, the company raised $150 million in an oversubscribed Series G equity financing round led by Fidelity Management & Research Company, co-led by Nexus Neurotech Ventures and Ally Bridge Group, with participation from new investors Baillie Gifford, Catalio Capital Management, Fayez Sarofim & Co., Gilmartin Capital, and existing investors including Perceptive Advisors and affiliates of York Global Finance / Community Fund. Peregrine Ventures also invested. The post-money valuation for this round was $375 million, down significantly from $1 billion in prior rounds and a peak SPAC discussion at $1.9 billion, as reported by Elbit Medical which holds 3% of the company. The financing is intended to fund continued growth and expansion of elevated care accessibility. InSightec had 230 employees in Israel as of recent reports. Financially, the company reported $14 million in revenue for Q1 2024, down 30% from Q1 2023, with full-year 2023 revenue at $87 million (down from $96 million in 2022). It posted a net loss of $26 million in Q1 2024 and $101 million for 2023, with negative equity of $78 million. The company had cut 20% of staff six months prior to the round. This round brings InSightec's total funding to approximately $882.9 million. Earlier valuations included $1.3 billion in March 2020 and a slump to $211 million by 2023 in financial reports. The Koch family, holding about 40% ownership, did not participate in this round. |
| Apr 2021 | Undisclosed stage | - | $136M | $1.3B | InSightec is a commercial-stage medical technology company based in Haifa, Israel, and Miami, FL, specializing in MR-guided focused ultrasound for incisionless surgery, particularly its Exablate Neuro platform approved by the FDA for treating essential tremor and tremor-dominant Parkinson’s disease in medication-nonresponsive patients. The company announced a Series F investment round of up to $150 million at a post-money valuation of $1.3 billion, led by Koch Disruptive Technologies with a $100 million commitment at initial closing following shareholder approval, as detailed in the April 7, 2021 press release. This funding, signed in March 2020 with closing in 2021, aimed to scale operations amid growing demand for the technology and support research into additional disorders. Koch Disruptive Technologies, a subsidiary of Koch Industries, marked its second direct investment in InSightec, highlighting investor confidence in the platform's momentum as more medical institutions adopted focused ultrasound. CEO Maurice R. Ferré emphasized the partnership's role in fueling growth and advancing next-generation applications. The financing supported continued commercialization and clinical expansion beyond initial FDA approvals. InSightec's technology has seen significant adoption, with systems installed worldwide for neurosurgery applications. Subsequent rounds, such as a $136 million raise noted in some sources around April 2021 and a later Series G in June 2024 at a lower $375 million valuation, reflect evolving market dynamics, but the 2021 Series F established the $1.3 billion post-money valuation. |
| Mar 2020 | Series F | Koch Disruptive Technologies (lead) | $150M | $1.3B | InSightec is a commercial-stage medical technology company headquartered in Haifa, Israel, and Miami, Florida, specializing in incisionless brain surgery using MR-guided focused ultrasound. Its flagship product, Exablate Neuro, is FDA-approved for treating medication-refractory essential tremor and tremor-dominant Parkinson's disease, with research underway for applications in neuroscience including Parkinson's, Alzheimer's, and brain tumors. On March 6, 2020, InSightec announced a Series F investment round of up to $150 million at a post-money valuation of $1.3 billion, led by Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries. KDT committed $100 million at the initial closing following shareholder approval, marking its second direct investment in the company after a prior $150 million round in 2017. The funding aims to scale operations, support commercialization of approved indications, expand clinical partnerships, and advance research in neurology. At the time, Exablate Neuro saw wide adoption with over 65 medical centers globally treating essential tremor patients, where treatment volumes had more than doubled in the past year. The essential tremor treatment gained reimbursement approval in the USA and several other countries, fueling momentum as more institutions adopted the technology. Existing investors include Elbit Imaging, York Capital, Exigent Capital Group, GE Healthcare, GEOC, and Meditech Advisors. The round positions InSightec to disrupt traditional surgery and improve patient outcomes through non-invasive focused ultrasound therapies. |
| Dec 2017 | Series E | Koch Disruptive Technologies (lead); GE HealthCare; Elbit Realestate; York Capital Management; Focus Holdings; MedTech Advisors; GEOC | $150M | $610M | InSightec is an Israel-based medical device company headquartered in Haifa, developing MRI-guided focused ultrasound technology for non-invasive treatments, including its FDA-approved Exablate Neuro for essential tremor and tremor-dominant Parkinson's disease, as well as applications for uterine fibroids, bone metastases, and research into Parkinson's, Alzheimer's, brain tumors, prostate cancer, liver cancer, and pancreatic cancer. In December 2017, InSightec raised a Series E funding round of up to $150 million led by Koch Disruptive Technologies, which invested $75 million initially for approximately 17% stake and later completed a second stage with total $100 million from Koch. Other investors included Elbit Imaging, York Capital Management, GE HealthCare, GEOC, MedTech Advisors, and Focus Holdings. The deal was completed under a pre-money valuation of approximately $460 million on a fully-diluted basis, per Elbit Imaging's SEC filing, with Techtime News reporting a company evaluation of $460 million. The entire Series E issuance represented 29.1% of outstanding share capital, leaving Elbit Imaging with 19.8% post-round. Funds were allocated to commercialize approved indications, expand global marketing, and advance R&D for neurological conditions and cancer treatments. At the time, InSightec had treated over 20,000 procedures across applications and reached a 1,000th patient milestone with Exablate Neuro. Jefferies LLC advised InSightec on the transaction. This was Koch Disruptive Technologies' first investment since launching in November 2017. Note: A separate Series F round occurred in 2020 with $150 million at $1.3 billion post-money valuation. |
| Jan 2016 | Series D | Ruby Ventures | $22M | - | - |
| Dec 2014 | Series D | GE HealthCare (lead); Boston MedTech Advisors; Elbit Realestate; York Capital Management; GEOC | $59M | $200M | InSightec, an Israeli medical device company founded in 1999, develops MR-guided focused ultrasound (MRgFUS) systems for non-invasive treatment of conditions like uterine fibroids, bone tumors, essential tremor, neuropathic pain, and Parkinson's disease. The technology integrates with MRI scanners, primarily GE's, for precise incisionless therapy and has been adopted in over 120 medical facilities worldwide by 2014. In December 2014, InSightec closed a $59 million Series D equity financing round with investors including GE Healthcare, Elbit Imaging Ltd., York Capital Management, GEOC Hengtong Investment Limited Partnership, and MediTech Advisors (noted as Boston MedTech Advisors in some contexts). The round supported ongoing clinical trials, including an FDA pivotal study for essential tremor neurosurgery, and commercialization efforts. Earlier in June 2014, reports indicated a planned raise of $50-62.5 million at a pre-money valuation of $200 million. For 2013, the company reported sales of $20.6 million, up 14% from 2012, with losses of $13 million. Elbit Medical Technologies, holding 48% stake pre-round, did not participate, potentially diluting to 31-36%. GE Healthcare has been a long-term partner and investor since the 1990s, with prior investments including $31 million and a $13.75 million convertible loan. The Series D built on prior rounds: Series C ($30.9M, Dec 2012, GE-led), earlier Series D tranche ($12.5M, Sep 2014, York/GEOC). Subsequent funding included Series E ($150M, 2018, Koch-led). |
Who has invested in InSightec?
18 investors have backed InSightec across its funding rounds, including Koch Disruptive Technologies, GE HealthCare, York Capital Management, GEOC, Elbit Realestate and Fidelity.
Lead investors include Ally Bridge Group, Fidelity, Nexus NeuroTech, Koch Disruptive Technologies and GE HealthCare.
InSightec Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Dec 2014 | ||
| 2 | Participant | Dec 2014 | ||
| 2 | Lead | Dec 2017 | ||
| 2 | Participant | Dec 2014 | ||
| 2 | Participant | Dec 2014 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Lead | Jun 2024 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Dec 2014 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Lead | Jun 2024 | ||
| 1 | Participant | Dec 2017 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInSightec Competitors
InSightec competitors include listed companies like Shoulder Innovations and Myriad Genetics, and private ones like Selkirk Pharma, Reprieve Cardiovascular, MetrioPharm and InnerMedical.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $375M | - | ||
| Publicly listed | $47M | ($37M) | $371M | 4.6x | ||
| Private | - | - | $370M | - | ||
| Private | - | - | $387M | - | ||
| Private | - | - | $363M | - | ||
| Publicly listed | $825M | ($332M) | $396M | 0.6x |
InSightec Public Comps
InSightec is still privately-owned, but its public comps include NIOX Group, Shoulder Innovations, Sofwave Medical, Mobia Medical, Universal Vision, IVF hartmann, Myriad Genetics, Vicenne, CellaVision and Orthofix Medical.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65M | $20M | 5.3x | 5.2x | 17.4x | 15.1x | |||
| $47M | ($37M) | 6.1x | 4.6x | (7.7x) | (8.5x) | |||
| $88M | $7M | 3.9x | - | 48.8x | - | |||
| $32M | ($45M) | 6.0x | 4.0x | (4.3x) | (3.2x) | |||
| $132M | $58M | 2.8x | 2.7x | 6.4x | - | |||
| $197M | $32M | 1.1x | - | 7.1x | - | |||
| $825M | ($332M) | 0.6x | 0.6x | (1.5x) | (16.8x) | |||
| $114M | $26M | 2.6x | 2.5x | 11.2x | - | |||
This data is available for Pro users. Sign up to see all InSightec competitors and their valuation data. Start Free Trial | ||||||||
Common questions about InSightec
| When was InSightec founded? | InSightec was founded in 1999. |
| Where is InSightec headquartered? | InSightec is headquartered in Tirat Carmel, Israel. |
| Is InSightec publicly listed? | No, InSightec is a private, VC-backed company. |
| What is InSightec's valuation? | InSightec was last valued at $375M in its undisclosed-stage round in June 2024. |
| How much funding has InSightec raised? | InSightec has raised $667M across 6 funding rounds. |
| What was InSightec's last funding round? | InSightec's last funding round was a $150M undisclosed-stage round in June 2024, led by Ally Bridge Group, Fidelity and Nexus NeuroTech. |
| Who are InSightec's investors? | InSightec's investors include GE HealthCare, Elbit Realestate, Koch Disruptive Technologies, York Capital Management, GEOC, Baillie Gifford, Fidelity, Gilmartin Capital LLC, Boston MedTech Advisors, Catalio Capital Management and 8 others. |
| What is InSightec's revenue? | InSightec's latest recorded revenue is $14M (June 2024). |
| What is InSightec's revenue multiple? | InSightec's latest valuation implies a 26.8x revenue multiple ($375M valuation on $14M of revenue). |
| Which companies are comparable to InSightec? | Companies comparable to InSightec include Selkirk Pharma, Shoulder Innovations, Reprieve Cardiovascular, MetrioPharm, InnerMedical and Myriad Genetics. |
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