RF Surgical Systems Completes $12 Million in Funding

July 25, 2008

RF Surgical Systems has raised $8.2 million with financing from Menlo Ventures and Stanford University. Combined with other private investments, the company has raised more than $12 million this year.

The company will use the new capital to expand its RF Surgical detection system into acute-care hospitals in the U.S. The system scans a body to detect whether surgical sponges, gauze or towels remain in a patient, the company said.

The system has received FDA approval and CE Marking.