ProSight
XRF-Guided Biopsy - A Transformative Modality in Prostate Cancer
Startup Seed Health Tech & Life Sciences Est. 2017
Total Raised
$6.05M
Seed
Last Round
$50K
2 rounds
Investors
1
1 public
Team
2
1-10 employees
Confidence
95/100
Patents
1
About
ProSight is a medical device startup spun out of the Weizmann Institute of Science, developing a real-time ex-vivo biopsy samples scanner, potentially transforming prostate cancer diagnosis based on new, never-used-before biomarkers, addressing the limitations in all biopsy procedures. Need: Current methods in prostate cancer biopsy often miss tumors and lead to unnecessary procedures, resulting in patient anxiety, delayed treatment, and increased healthcare costs. Science: Zinc depletion in the prostate is the most accurate cancer biomarker known to science. (~1,800 articles in the last 25 Yrs) Novelty: Fast X-ray fluorescence scanning of the fresh biopsy samples during biopsy, for computing the cancer severity Clinical Use and Impact: During-biopsy, real-time cancer grading of the biopsy samples, eliminating randomness, allowing real-time guidance to suspicious regions - thus harvesting the most relevant samples. ~ Doubling Detection Rate and Cancer Characterization Accuracy Minimizing over/under treatment; earlier detection (Zn depletion precedes other cancer signs) maximizing the likelihood of detecting all tumors in the 1st biopsy, Readiness: Prototype; Patents (one granted); Successful Clinical studies in local MCs; Regulatory Strategy (510k) in place for the 1st release, backed by Hogan Lovells; money injection to date - ca $6M (bootstrap mode); article published (https://www.mdpi.com/2075-4418/13/3/424/pdf) Plans: Raising round A - $8M (the Israeli Innovation Authority will add non-dilutive funding ~$4M); Completion of product development (first generation) and FDA submission - in 12 months following investment; FDA clearance and 1st product launch - 18 months; Reimbursement and start-of-sales - 24 months. Team: High-tech veterans with diverse executive roles, led a number of breakthrough projects. Capable of initiating all critical paths. Achievable goal: Become Standard of Care in prostate cancer biopsy and diagnosis - a $10Bn market.
Classification
Sector
Health Tech & Life SciencesMedical DevicesDiagnostics Devices
Core Technology
Simulation & ImagingBiologicalsArtificial Intelligence
Target Customer
Healthcare & Life SciencesHealthcareProviders
Business Model
B2B
Tags
software-developmentdigital-healthcarehospitalsdata-analyticsdiagnosticshealthcare-providersbig-datacancerpatent-pendingcancer-diagnostics
Funding & Events
Jan 2017
Seed $6M
Founders
Dec 2017
Non-equity $50K
Israel Innovation Authority
Details
Product Stage
Clinical Trial
Employees
1-10
Exact Count
6
District
Center District
Founded
2017
Registrar
514844323
Locations
Ha-Nevi'im St 65, Bat Yam, Israel
Links
Website
Admin
Last Update
Mar 20, 2025
Verified by
Yotam Maman
Claimed
Yes
Missing
video or image, news, markets, external profiles
Team (2)
Avi Simon
Founder
Founder
Meir Weksler
Co-founder & CTO
Founder
Internal
Created by
Avi Simon (avi@neodigma.net)
Created
2020-01-13T00:00:00.000Z
Last editor
Orli Wollner (orlushka@gmail.com)