Simbionix Corp.

www.simbionix.com

Now Simbionix (a Surgical Science company)

High-Tech Company

Acquired by Surgical Science Sweden

Graduated from: RAD BioMed

TECH VERTICALS

EdTech, Healthtech, Life Sciences, Machine Vision, Medical Devices, MedTech, Virtual Reality, Visualization

General Data

Sector	Medical Devices
Company Stage:	Revenue Growth
Established	1997
Number of Employees	100

DESCRIPTION

Simbionix Corporation is a world leading provider of a full spectrum of innovative training and education solutions for medical professionals and the healthcare industry. Simbionix combines R&D, technology, and clinical relationships to promote adoption of best medical practices, to advance clinical performance, and to optimize procedural outcomes. The company’s comprehensive education solutions include top of the line medical simulators and learning management systems . These can be found in simulation centers, hospitals, colleges and other educational facilities in over 60 countries.

TECHNOLOGY

Full Line of MIS Virtual Reality Simulators - The Simbionix simulators combine advanced visualization technology, realistic simulated anatomy, and a variety of real surgical tools and devices– allowing doctors to practice numerous cases of complex procedures with the look and feel of a real procedure, without risking live patients.

Simulation Training Management – To complete the education continuum, simbionix solutions include MentorLearn, a simulator training curricula management system. This centralized system links data from all Simbionix simulators and is available online to perform administration tasks with more ease and in a time efficient manner. Course directors have accesss to ready to use courses with the option to design training according to specific educational objectives.

Patient Specific Simulation- Advanced procedure planning and rehearsing. The market cleared PROcedure Rehearsal Studio enables physicians to practice patient specific endovascular procedures. The advanced solution has the potential to improve patient safety and decrease time in the interventional suite. The Rehearsal Studio facilitates pre- and post- procedure discussions, and allows for the creation of an unlimited library of cases for the ANGIO Mentor.

Learning Management System (LMS) - Enables online administration, tracking, and reporting of training programs, and each learner’s performance, every step of the way. To date, it has been used by over 50,000 medical professionals globally. With the Simbionix LMS remote access, training can be delivered anytime,anywhere.

Products and Phases

Product	Phase
BRONCH MENTOR
The BRONCH Mentor provides a comprehensive solution for the flexible bronchoscopy training needs of pulmonary and critical care physicians, anesthesiologists and interventional pulmonologists.
SIMBIONIX SIMULATION-BASED TRAINING FOR DA VINCI® SURGERY
Simbionix has partnered with Intuitive Surgical® to develop the Simbionix Suturing Module for virtual reality simulation of suturing on the Skills Simulator™ for the da Vinci®Si™ System. Use of the da Vinci Surgical System continues to comprise a growing part of surgery. The Simbionix Suturing Module for the da Vinci Skills Simulator is a continuation of our efforts to provide highly realistic and effective tools designed for cost-effective integration in surgical curricula across multiple disciplines and technologies.
PELVIC MENTOR
The Simbionix PELVIC Mentor advanced simulator is intended to prepare gynecologists and urogynecologists for pelvic floor reconstruction. Pelvic floor reconstructive surgeries require surgical expertise, knowledge of vaginal physiology and anatomy and experience with the procedure itself. This unique system was designed to allow trainees to obtain detailed knowledge of pelvic anatomy and to acquire comprehensive skills in pelvic reconstructive surgery for pelvic organ prolapse and urinary incontinence to enhance patient safety. The PELVIC Mentor is a strong didactic tool, enabling the trainee to receive real-time feedback while recognizing the relevant anatomical sections within the pelvis cavity. The unique combination of the model’s anatomical structure, finger sensation and virtual model provide the most effective training tool to date.
PERC MENTOR
The PERC Mentor™ is a medical simulator for training percutaneous access procedures performed under real-time fluoroscopy. The PERC Mentor™ simulator provides healthcare specialists with opportunities for training and practicing basic tasks and skills on a variety of virtual patients.
VIRTAMED HYSTSIM
Simbionix and VirtaMed have joined forces to provide OB/GYN surgeons with the most comprehensive training system available for diagnostic and therapeutic hysteroscopy. A study by Bajka et al [1] has shown that the HystSim™ simulator provides highly realistic and useful training for hysteroscopic surgery, with high acceptance ratings for both experienced and novice surgeons.
VIRTAMED TURPSIM
In collaboration with Swiss-based VirtaMed, Simbionix offers surgeons the VirtaMed TURPSim™, a comprehensive educational solution enabling realistic training in the diagnostic and therapeutic endoscopic methods. Training includes mastering instruments and managing complications, aimed at completing TURP procedure practice and laser BPH treatment without involving live patients.
U/S MENTOR
The U/S Mentor™ is a high-end medical simulator for the training of ultrasound-related examinations and interventions. The U/S Mentor™ offers a multidisciplinary, realistic hands-on training for the ever-growing utilization of ultrasound in medicine especially at point of care (POC) setting. It provides residents, fellows, and practicing physicians an opportunity to acquire and improve their sonography-related skills on a variety of virtual patients. The simulator, is designed to provide the optimal educational environment to reach and demonstrate competency levels.

ESTIMATED ANNUAL SALES

	TARGET MARKETS
	Medical training centers, University hospitals. Surgeons, Cardiologists, Radiologists Vascular Surgeons, GI endoscopy, Urology, GYN, pulmonary..

	BUSINESS MODEL
	B2B

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Patent Attorneys
abC Defghij	Law Firm
abC Defghij	Accounting Firm

CONTACT INFO

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Main Address: Cleveland, United States

Address	7100 Euclid Avenue, Suite 180, Baker Electric Building
City	Cleveland
State/Province	OH
Country	United States
Zip	44103

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Lod, Israel

Address	Beit Golan , Corner of Golan and Hanegev St.
City	Lod
Country	Israel
Zip	70151

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Doron Zilberman	VP, Sales & Business Development, International	Applitec (Director of Sales)
Mr. David Barkay	Co-Founder	Applitec (Director of International Sales)
Mr. Ran Bronstein	Co-Founder
Ms. Edna Chosack	Co-Founder	Applitec (VP, Marketing)

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Jul. 29, 2021

Revenue Growth

abCDe

Acquired

Jul. 31, 2014

Revenue Growth

abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Fourth Round

Oct. 14, 2008

Revenue Growth

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	Led the round
abC Defghij	Technology Transfer Company	abCDe

Third Round

Feb. 06, 2007

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe	Led the round
abC Defghij	Corporate VC	abCDe
abC Defghij	Other	abCDe

Internal Round

Jan. 01, 2004

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe

Second Round

Apr. 01, 2002

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Other	abCDe

First Round

Mar. 01, 2000

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Corporate VC	abCDe
abC Defghij	Other	abCDe

Seed

Oct. 01, 1997

Seed

abCDe

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

Jun. 14, 2010

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Bi-National Fund	abCDe	Co-op with HPCC

R&D Grant

Jan. 01, 2007

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Bi-National Fund	abCDe	Co-op with Quanser

R&D Grant

Oct. 01, 1997

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Government Agency	abCDe

	Acquisitions made by Simbionix

Acquired Company	Sector	Date	Amount	Remarks
abC Defghij	Digita...	Jan. 01, 2006	abCDe

Last Updated:	abCDe
IVC Number:	abCDe