About
XACT Robotics is developing a robotic technology platform for needle steering in minimally invasive interventional procedures such as biopsies and ablations. The technology is based on a novel approach to needle steering using a five-degrees-of-freedom robot, ongoing needle path calculation, and real-time closed-loop control. XACT Robotics' technology actively compensates for breathing and patient movement during the procedure, enabling fast, accurate, and safe needle insertion to the desired target. Real-time closed-loop control, coupled with complex angulation 3D trajectories, allows small deviations from the originally planned pathway to be immediately detected and corrected without the need for needle reinsertion or patient repositioning. XACT Robotics' technology can apply to a wide range of applications, procedures, and target organs using different imaging systems within the image-guided and robot-assisted surgery market. XACT Robotics is initially developing a system composed of a patient-mounted robot, a control unit connected to the CT and to the robot, and a workstation for procedure planning and observation. The XACT System is CE certified and FDA cleared.
Funding history · 4 rounds · $51.0M total
Company Intelligence Q&A
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- What is the primary technology developed by XACT Robotics?
- XACT Robotics developed a robotic technology platform for needle steering in minimally invasive interventional procedures, such as biopsies and ablations, utilizing a five-degrees-of-freedom robot with real-time closed-loop control.
- When was XACT Robotics founded?
- XACT Robotics was founded in August 2013.
- What is the current operational status of XACT Robotics?
- XACT Robotics is currently inactive, having ceased operations in September 2023.
- What was the total amount of funding raised by XACT Robotics?
- XACT Robotics raised a total of $51,000,000 across multiple funding rounds.
- Which investor participated in the Series A funding round for XACT Robotics?
- MEDX Ventures Group and the Office of the Chief Scientist participated in XACT Robotics' Series A funding round in July 2015.
- When did XACT Robotics receive FDA clearance for its XACT ACE Robotic System?
- XACT Robotics' XACT ACE Robotic System was cleared by the FDA for image-guided percutaneous procedures in July 2020.
- When did XACT Robotics receive CE Mark for its robotics navigation system?
- XACT Robotics received CE Mark for its robotics navigation system for percutaneous procedures in September 2018.
- What was a significant operational development for XACT Robotics in September 2023?
- In September 2023, XACT Robotics shut down and laid off 65 employees.
- Which investor led the Series D funding round for XACT Robotics?
- Chasing Value Asset Management led XACT Robotics' Series D funding round in November 2019, which raised $36,000,000.