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XSurgical

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XSurgical Inc.

Healthcare · Technology · Cambridge, DE · Founded 2018

First surgical robot capable of bother operating in hospitals and portable in the open field

Post-money valuation ⓘ
$10.2M
As of Oct 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$44,600
Across 2 rounds since 2021
Latest share price
$2.00
Reg CF · Common Stock · May 2023 offering price · down round

Financials

FY2019–FY2025 · from SEC filings · hover any figure for its source
$0
−$211K
2019
$0
−$135K
2020
$0
−$11K
2021
$0
−$76K
2022
$0
−$109K
2023
$0
−$56K
2024
$0
−$57K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed*
FY2021 reviewed
FY2022 reviewed
FY2023 reviewed
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$0
$0
$0
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
Net income
-$210,843
-$134,787
-$11,160
-$76,210
-$108,682
-$56,142
-$56,535
Taxes paid
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$70,170
$2,467
$6,040
$8,179
$9,543
$1,809
$555
Accounts receivable
$0
$0
$15,172
$0
$0
$0
$0
Total assets
$210,170
$132,467
$261,583
$220,179
$194,543
$160,766
$132,569
Short-term debt
$0
$39,412
$0
$320,000
$159,490
$320,000
$0
Long-term debt
$308,438
$323,859
$385,881
$385,881
$245,684
$425,433
$766,705
Total liabilities
$308,438
$363,271
$385,881
$705,881
$405,174
$745,433
$766,705
Other
Headcount
—
1
—
0
0
0
0

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$25.0M
pre-money
$10.2M
pre-money
Reg CF · Preferred · Dec 2021
Reg CF · Common · May 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$4.00$2.00$2.00
Dec 2021May 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · May 2023 (-50%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $16K / $540KPost-money $10.2M
Raised $28.6K / $1.1MInvestors 112Post-money $25M

Team

3 people
Debora BotturiFounder
Founder & Chief Scientific Officer

Dr. Debora Botturi, PhD, is an Executive with experience in innovation and technology transfer. Her experience is on Innovation and Communication Technologies (ICT) and her focus is on the application domain of robotic surgery. She received a master’s degree in Computer Science and a Ph.D. in Computer Science from the University of Verona with a specialization in teleoperation systems and automatic execution of robotic tasks. She was a post-doc at Dept. of Robotic and Mechatronic, DLR, Munich, Germany, and she was project manager of a ground breaking European Project on robotic surgery. Since 2013 she is an Innovation Manager carrying out research and supervision of industrial projects in the areas of robotics and advanced sensors and also an expert evaluator for the European Commission. Debora Botturi resides in Italy.

Gianluca De NoviFounder
Founder & Chief Executive Officer

Gianluca De Novi, Ph.D. A faculty member at the Harvard Medical School and Harvard Extension School, he earned his master’s degree in Electronics Engineering and his Ph.D. in robotics and control systems from the University of Bologna in Italy. While there, he also worked as researcher at the Laboratory of Automation and Robotics, the Computer Vision Laboratory and the Microelectronics Laboratory. After spending one year as a visiting researcher at the Bio-Robotics Laboratory of Harvard’s School of Engineering and Applied Sciences, he completed his Postdoctoral fellowship in Medical Device Design and Medical Simulation at the Department of Imaging at the Massachusetts General Hospital (now Massachusetts General Brigham) and became a Harvard Medical School faculty in Boston, MA. Dr. De Novi has also acted as scientific consultant to many leading corporations and research institutions. His interest in computer-based surgery began with exploration of cutting-edge technologies for graphic rendering and developing a complete virtual reality framework optimized for haptic rendering and surgical robotics. During his post-doctoral fellowship, he focused his interests on other crucial aspects of robotic surgery, such as real-time gesture analysis and task recognition, Human Machine Interaction and Augmented Reality. Through his academic position he has lead and participated to many important DoD funded research in this domain and contributed in the definition of upcoming standards in the Med-Tech field. He has been a scientific and strategic advisor at ADM Tronics Unlimited Inc. since May 2015 and served as a member of its Advisory Board since September 2014. Dr. De Novi is currently Chief Technical Officer (after a fast transition from an advisory appointment) at Plymouth Rock Technology, leading the development of Threat Detection technologies since February 2021, one more time developing technologies of interest for the US government. Among the many recognition that Dr. De Novi received during his career, stands out the PrimiDieci Society and the Italy-America Chamber of Commerce recognition of Dr. De Novi as one of the Top Ten most distinguished Italian Professionals in the United States under the age of 40 in 2013. Gianluca De Novi resides in Massachusetts.

Michele MarzolaFounder
Founder & Chairman of the Board

Michele Marzola is a serial entrepreneur with experience in more than 20 start-ups in Life Sciences that he founded and funded during the past 12 years. His experience ranges from medical devices to biotech. He was Chairman and President at Angiodroid, a company that he took to market leadership in peripheral angiographies through an innovative technology using Carbon Dioxide as contrast medium. Angiodroid consistently delivered triple digit growth under Michele’s leadership and was already profitable after three years from funding. At Green Bone Ortho Michele led a group of private investors to complete one of the largest Seed rounds in Italy and then led the Series A and Series B rounds for an aggregate value of € 30 M; Green Bone is now demonstrating its capability to regenerate bone even on large missing sections of several centimeters. At Interceptin Michele has co-founded a company developing a very promising therapy for prostate cancer and other solid tumors, based on an immunotoxin driven by a bispecific antibody fragment. At Surgica Robotica Michele led the company from its inception, achieving funding and development of the two first successful prototypes. Michele was previously General Manager at IBM, with responsibility of its consulting and application management services in Europe, Middle East and Africa; at IBM Michele also negotiated a JV with Enel S.p.A. and spearheaded the creation of intelligent networks around the globe. Mr. Marzola has an MBA with top honors from Columbia University in New York and an MSc in Mechanical Engineering with full grades from the University of Bologna in Italy. Michele Marzola resides in Italy.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 4 of 5 annual reports (FY2021–FY2025)

112 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARMay 6, 20260001669191-26-000175
    EDGAR
  • Form C-ARApr 18, 20250001669191-25-000273
    EDGAR
  • Form C-ARApr 23, 20240001669191-24-000442
    EDGAR
  • Form C-UDec 22, 20230001669191-23-001218
    EDGAR
  • Form C/AJul 26, 20230001669191-23-000732
    EDGAR
  • Form C/AJul 20, 20230001669191-23-000714
    EDGAR
  • Form CMay 15, 20230001669191-23-000491
    EDGAR
  • Form C-ARApr 26, 20230001669191-23-000358
    EDGAR
Source: ManualCIK 0001899326DEShare price $2.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.