RF Surgical Systems has closed a $12 million round of fundraising led by new investor Split Rock Partners. Previous investors Menlo Ventures, Stanford University and two of the company founders also participated. RF Surgical will use the funding to drive customer growth and product innovation, as well as intensify R&D programs, according to a statement.
The company, which is based in Bellevue, WA, has a detection system that alerts the surgical team of the presence of any sponges unintentionally left in patients undergoing surgery. Its technology features an automatic detection mat for hands-free patient scanning. With the push of a button, the system performs a complete mat scan in 15 seconds without disrupting the surgical field, according to the company. The RF Surgical detection system is used in more than 1,500 operating rooms, trauma and labor and delivery suites nationwide.
"RF Surgical is well-positioned to continue to service major acute care hospitals throughout the U.S. by providing novel technological solutions to improve patient safety and reduce healthcare costs. Split Rock Partners is excited to join RF Surgical's investment syndicate and we look forward to collaborating with the company's management team and network of advisors to support future growth," said Josh Baltzell, managing director, Split Rock Partners, in a statement.
- see the RF Surgical statement