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RF Surgical Systems

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RF Surgical Systems Inc | Retained surgical sponge prevention | OR patient safety | RFSurg.com

Carlsbad, United StatesFounded 2004Biotech & Life Sciences
Valuation $50–100M Last recorded · 2014
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About RF Surgical Systems

RF Surgical Systems, Inc. operates as a medical device company focused on enhancing patient safety in the operating room. Founded in 2004, the company was conceptualized by Dr. Jeffrey Port, a thoracic surgeon, and William Blair, an electrical engineer. Dr. Port's clinical background includes a specialization in lung and esophageal cancers, and he is a Professor of Cardiothoracic Surgery at New York Presbyterian-Weill Cornell Medical Center. William Blair, an electrical engineer by training, served as the company's Chief Technical Officer and has a background in technology management with ventures in tablet computing and telecommunications.

The company's core business revolves around the prevention of retained surgical items, a significant patient safety concern. RF Surgical developed a proprietary detection system that utilizes a low radio frequency (RF) signal to track and locate surgical sponges, gauze, and towels embedded with a special RF tag. This system is designed to work effectively through blood, dense tissue, and bone, serving as a crucial adjunct to manual counting protocols in hospitals. The product line includes the RF Assure Detection System, which features a console and a scanning wand, such as the Blair-Port Wand, to scan a patient before the conclusion of a surgical procedure. An alert is triggered if any tagged item remains inside the patient. The company's clients are primarily acute care hospitals and surgical centers. Revenue was generated through the sale of these detection systems and the accompanying tagged disposable items.

A significant milestone for RF Surgical Systems was receiving FDA approval for its technology, with the first clearance for its surgical sponge detection system coming in November 2006. Over the years, the company expanded its product offerings with systems like the RF Assure Detection System X, which introduced enhanced compliance features and specialized scanning components for different surgical specialties. After raising over $44.9 million in funding from investors including Menlo Ventures and Split Rock Partners, RF Surgical Systems was acquired by Medtronic in August 2015 for approximately $235 million. This acquisition integrated RF Surgical's technology into Medtronic's Surgical Solutions division, aiming to establish it as a global standard of care.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2004
Headquarters
Carlsbad, United States
Employees
5
Open positions
None listed
Dealroom signal
57.6/100
Industry
Health
Sub-industry
BioTechnology, Medical Devices
Sector
Biotech & Life Sciences, Risk Management, Biotechnology, Surgery, Biotech and Pharma, Hard Tech, DT and LS, science-based
Business model
Manufacturing
Client focus
b2c

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jul 2015 $235M — Medtronic —
LATE VC✓Equity / VC Apr 2014 $15M $60M Oxford Finance —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

RF Surgical Systems website traffic

Latest recorded traffic for RF Surgical Systems is 80 monthly website visits.

Latest monthly visits80
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later3 investors entered at this stage

Other known investors1 additional known investor

  • Medtronic
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about RF Surgical Systems on X, ranked by likes and reposts, corporate channels excluded.

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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