Zeta Surgical Nets $5.2M for Enhanced Surgical Navigation

Surgical robotics and mixed reality company Zeta Surgical on Thursday (March 10) closed a $5.2 million fundraising round that it will use to finalize the development of its neurosurgical navigation platform, Zeta, and its noninvasive focused-ultrasound system, ZetaFUS.

The fresh capital will allow Zeta Surgical to complete its initial clinical studies, to obtain FDA clearance, and to expand its technical and clinical teams, according to the company press release.

Innospark Ventures led Zeta Surgical’s fundraising effort, with participation of TSVC, Y Combinator, Trevor Fetter and others.

“The use of surgical guidance has been limited to long, operating room-based interventions, due to its invasiveness and complex deployment,” said Jose Amich, co-founder and CEO of Zeta Surgical, in the company press release.

“Our goal is to provide physicians with a robust, fast and accurate guidance system deployable during any case, irrespective of where they are in the hospital or what hospital they are in,” he said.

Related: Nayya Grabs $55M For Healthcare Personalization Engine

Earlier this month, digital health startup Nayya Health, which offers a recommendation engine to help people choose benefits and a digital robotic process assistant (RPA), closed a $55 million Series C equity round.

Venture capital firm Iconiq Growth led Nayya Health’s funding round, with contributions from Transformation Capital, Felicis Ventures and SemperVirens. Nayya completed a seed funding round in July 2020 and had two more funding rounds in 2021 totaling $48 million.

Nayya Health has a valuation between $500 million and $750 million, co-founder and CEO Sina Chehrazi said in an interview with the Hindustan Times.

Also read: Johnson & Johnson-Microsoft Pact Shows Transformative Potential of Connected Healthcare

In January, Johnson & Johnson Medical Devices Companies (JJMDC) and Microsoft partnered to integrate Microsoft’s cloud computing capabilities across JJMDC’s medical ecosystem.

Johnson & Johnson said in a statement it will “collaborate with Microsoft to further enable and expand JJMDC’s secure and compliant digital surgery ecosystem. The Microsoft Cloud will help JJMDC realize its vision of driving innovation that advances skills, improves workflow, and enhances surgical decision making for a better overall customer experience and improved patient and economic outcomes.”