XACT Robotics

Company Overview

Snapshot

Founded in August 2013 by Harel Gadot, XACT Robotics operated with 11–50 employees. The company raised a total of $51 million across four funding rounds. A significant milestone was achieved in July 2020 when the XACT ACE™ Robotic System received FDA clearance for image-guided percutaneous procedures.

Business overview

XACT Robotics developed a robotic technology platform designed for needle steering in minimally invasive interventional procedures, including biopsies and ablations. The core technology utilized a five-degrees-of-freedom robot, continuous needle path calculation, and real-time closed-loop control to actively compensate for patient movement. This enabled precise and safe needle insertion for a wide range of applications and target organs within the image-guided and robot-assisted surgery market, serving the healthcare sector.

Strategic signal

In September 2023, XACT Robotics ceased operations, laying off 65 employees. This development signals a significant and immediate shift in the company's trajectory, indicating a complete halt to its innovative work in robotic needle steering systems for medical procedures.

Company Intelligence Q&A

What was the primary reason for XACT Robotics ceasing operations?

In September 2023, XACT Robotics shut down its operations and laid off 65 employees, as reported by en.globes.co.il.

When did XACT Robotics receive FDA clearance for its robotic system?

In July 2020, the XACT ACE™ Robotic System received clearance from the FDA for image-guided percutaneous procedures.

When did XACT Robotics receive CE Mark for its robotics navigation system?

In September 2018, XACT Robotics received the CE Mark for its robotics navigation system designed for percutaneous procedures.

Who was appointed as Vice President of Sales and Marketing at XACT Robotics?

In November 2019, XACT Robotics appointed Brian L. Allen as its Vice President of Sales and Marketing.

When did XACT Robotics expand its patent portfolio to include ultrasound technology?

In March 2019, XACT Robotics expanded its patent portfolio to incorporate the use of ultrasound technology.