Venture Capital: Noah Medical Lands $150M For Its Robotic Bronchoscopy System

Noah announced FDA approval for its Galaxy robotic system in March.
Noah Medical, a medical robotics company, has raised $150 million in Series B funding to expand the adoption of their Galaxy System and accelerate research and development for non-invasive platforms for patient diagnosis and treatment.
The Galaxy System from Noah is a next-generation integrated solution for navigated robotic bronchoscopy, which aims to improve location accuracy and diagnosis of lung nodules.
The majority of potentially cancerous lesions are located in the outer third of the lung, which is more difficult for doctors to reach for biopsy. Current technologies are limited in their ability to both reach and then precisely target these suspect lesions. The Noah Galaxy System’s advanced imaging technologies provide real-time location updates, and are designed to improve tool-in-lesion and diagnostic yield.
The platform has already received FDA clearance for commercial use in the US and has initiated first-in-human trials in Australia.
“The Galaxy System, which features TiLT+Technology™ with integrated tomosynthesis and augmented fluoroscopy, a single-use disposable bronchoscope, and a small, compact footprint to allow for improved procedural workflow, is poised to disrupt the lung biopsy market,” Noah said in a statement.
The funding round was led by the Softbank Vision Fund and co-led by the Prosperity7 Ventures, with participation from Tiger Global and existing investors.
Related Story: Australian Agtech SwarmFarm Robotics Raises A$12M

Latest Alternative Investment News

FinTech: Adyen Launches ‘Payout Services’ For Faster Payouts To The Gig And SMB Economies
Adyen, a global financial technology platform, has launched Payout Services, allowing its customers to make instant payouts to their users or partners. By connecting directly to real-time payment rails, Adyen’s…

Digital Assets: Oracle Red Bull Racing Seeks To Digitize Engagement With Fans On The Sui Blockchain
Oracle Red Bull Racing has announced a multi-year partnership with software company Mysten Labs to collaborate on Sui, which will serve as the team’s Official Blockchain partner. Sui, a Layer…

Venture Capital: Bold, L’Oréal’s Venture Capital Fund, Buys A Stake In Exotic Cosmetic Ingredient Maker Debut
L’Oréal’s (EPA: OR) corporate venture capital fund, BOLD, has announced a minority investment in Debut, a US biotech company specializing in the discovery, formulation, and manufacture of novel ingredients and…

Artificial Intelligence: In Flight Simulation, An AI Drone Tries To Kill Its Own Handler
During a simulated test at a London summit, an AI-controlled drone turned against its human operator, raising significant ethical concerns. Air Force Colonel Tucker “Cinco” Hamilton shared the incident, which…