Mazor Robotics

Company Overview

Snapshot

Founded in January 2001 by Moshe Shoham and Eli Zehavi, Mazor Robotics operated with 51–200 employees. The company raised a total of $50M across four funding rounds from two investors. A significant milestone was its acquisition by Medtronic in September 2018.

Business overview

Mazor Robotics developed advanced robotic guidance systems for spine surgery, aiming to enhance accuracy and clinical outcomes. Its core product, the Renaissance Guidance System, facilitates surgical planning in a virtual 3D environment and integrates into operating room workflows. The company's technology serves the medical industry, specifically targeting hospitals and surgeons performing spinal procedures, and operates within the Health Tech & Life Sciences sector, focusing on Medical Devices and Medical Treatment & Therapeutics.

Strategic signal

The acquisition of Mazor Robotics by Medtronic for $1.64 billion in September 2018 represents a strong validation of its robotic surgical technology. This strategic move by a major medical device multinational signals the increasing importance of robotics and precision in surgical procedures, indicating a significant shift towards advanced automation in healthcare and offering Mazor Robotics' technology a broader market reach and integration into Medtronic's extensive product portfolio.

Company Intelligence Q&A

What was a significant corporate event for Mazor Robotics?

In September 2018, Mazor Robotics was acquired by Medtronic for $1.64 billion, marking a major exit for the company and integrating its robotic surgical technology into a leading global medical device company.

When did Mazor Robotics shareholders approve the merger with Medtronic?

Mazor Robotics shareholders approved the $1.6 billion merger with Medtronic in November 2018, following the acquisition announcement.

What was the total capital raised by Mazor Robotics?

Mazor Robotics raised a total of $50M across four funding rounds.

What product did Medtronic launch following the acquisition of Mazor Robotics?

In January 2019, Medtronic launched the Mazor X Stealth Edition for robotic-assisted spine surgery, leveraging Mazor Robotics' technology.

When did Mazor Robotics complete its 10,000th procedure using its guidance system?

In April 2015, Mazor Robotics' guidance system successfully completed its 10,000th procedure, demonstrating significant adoption and clinical use of its technology.