Israel-based InSightec, a GE Healthcare-backed developer of ultrasound devices for use in surgery, has secured $50m in series D funding from investment firm York Capital Management.
The round is still open to other investors, which have the option to either take a share of the $50m or to expand the round to $62.5m.
GE Healthcare, a subsidiary of conglomerate General Electric, invested $27.6m in InSightec’s $30.9m series C round in December 2012. The company raised $30m in series A funding in 2007 and a further $15m in March 2009.
The funding will be used to fund the expansion of InSightec’s clinical trials, and to expand its marketing and sales activities.