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Activ Surgical Secures $45 Million in Series B Funding Led by Cota Capital

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Activ Surgical

Activ Surgical

Powering the Future of Surgery

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Powering the
Future of Surgery

surgeon surgeon
illustration
See How it Works
Watch the Activ Vision
by our Founder & Chief Science and Medical Officer
Peter Kim, MD, PhD

Preventable Medical Errors are the
3rd Leading Cause of Death Each Year

400k+

Deaths every year due to avoidable
complications (U.S)

26%

Of all medical errors are
preventable surgical errors

$36B+

Global cost for preventable
Medical errors

​
powering the future of surgery

We’re on a mission to enable real-time and best-in-class surgery – for everyone.

animation of globe globe

Activ Surgical is building hardware-agnostic surgical software that allows minimally invasive surgical systems (laparoscopes, arthroscopes and robots) to autonomously collaborate with surgeons.

Our ultimate goal is to eliminate unintended surgical complications, improving patient outcomes and providing savings to healthcare systems.

INTRODUCING

ActivEdge™: The platform that powers surgical innovation.

The ActivEdge™ Surgical Intelligence Platform is being built to revolutionize intraoperative surgical imaging today while gathering highly contextualized data analytics that enable accelerated video data annotation for machine-learning driven intraoperative surgical intelligence. The ActivEdge platform will act as the “brain”, enabling applications that have the potential to mitigate surgical error, enhance patient outcomes, and dramatically improve savings to healthcare systems.

Advanced Computer Vision
Advanced
Computer Vision
Autonomous Robotics
Autonomous
Robotics
Artificial Intelligence
Artificial
Intelligence
  • The use of AI and machine learning to inform robotics-assisted surgery - combining human judgment and robotics precision - is a game changer.
    Dr. Vipul Patel
    Dr. Vipul Patel

Intelligent Light,
Seeing Beyond the Visible.

See How it Works

The ability to visualize tissue perfusion and vasculature with the flip of a switch is a surgical game changer!

Dr. Uma Duvvuri
Dr. Uma Duvvuri

Real-time intelligence and advanced imaging - including the visualization of tissue perfusion during surgery - is critical to improving patient outcomes.

Dr. Adrian Park
Dr. Adrian Park

The next frontier in surgery is advanced imaging, led by innovation from companies like Activ Surgical, to enable intraoperative imaging and image overlays, guided by machine learning.

Dr. Steven Schwaitzberg
Dr. Steven Schwaitzberg

The ActivInsights™ Augmented Reality (AR) Software Suite, a technology-as-a-service bundle, provides a real-time visual map of the surgical field in the form of previously unavailable visual overlays.

The first offerings are ActivPerfusion™ and ActivICG™, intraoperative augmented reality overlays that help surgeons identify critical functions and structures. These unique correlated data sets will enable accelerated video data annotation for additional ActivInsights to offer machine learning-driven intraoperative surgical intelligence.

Executive Leadership

Meet the team
Todd Usen

Todd Usen

CEO

Todd Usen

CEO

Todd Usen is an accomplished and seasoned leader with more than 25 years of medical device and healthcare experience, and a proven track record of leading, developing and executing on commercialization strategies and driving market development initiatives for profitable growth. He joined Activ Surgical in January 2019 after serving as the President of the Medical Systems Group at Olympus Corporation of the Americas, where he helped lead the group’s expansion from six medical divisions to 11. Prior to joining the Olympus Corporation, Todd held the position of President, Orthopedics, at Smith and Nephew, overseeing the Total Joint, Sports Medicine and Trauma divisions. He held several other vital positions for Smith and Nephew including Senior Vice President and General Manager, Joint Reconstruction; Senior Vice President, Sports Medicine; and Senior Vice President, Endoscopy. Prior to Smith and Nephew, Todd worked for Boston Scientific as the Vice President of Sales for the Neurovascular division, Director of Endoscopy Sales, and Global Manager of Field Development. He holds a B.S. in Marketing from the University of Massachusetts Isenberg School of Business and did his M.B.A. work at Pepperdine University.

Dr. Peter Kim

Dr. Peter Kim

MD, PhD, Founder and CSMO

Dr. Peter Kim

MD, PhD, Founder and CSMO

Dr. Kim, a world-renowned surgeon and medical technologist, is a founder of Activ Surgical and the inventor of its technology, which he developed over seven years with more than $13 million in non-dilutive grant funding while leading the Shaikh Institute at Children’s National Medical Center in Washington, D.C. Previously, he served as Associate Surgeon-in-Chief of the Joseph E. Robert, Jr., Center for Surgical Care at Children’s National. He was also the lead for the FDA funded National Capital Consortium for Pediatric Device Innovation (NCC-PDI). Dr. Kim joined Children’s National from the Hospital for Sick Children in Toronto, Ontario, a national and international leading institution in pediatric research and care. Dr. Kim received his medical training, including the distinction of Master of Surgery, at McGill University. He completed his surgical residency training at the University of Toronto as well as his fellowship in pediatric surgery at the University’s Hospital for Sick Children.

Tom Calef

Tom Calef

CTO

Tom Calef

CTO

Mr. Calef is a highly accomplished medical roboticist and seasoned engineering leader who has delivered breakthrough innovation in surgical robotics. Previously, he was the Director of Advanced Robotics at Medrobotics, where he led the development and release of the first flexible surgical robotics platform, grew the engineering team from two to 50 people, and guided numerous surgical robotics products through 510k clearance. He holds both a B.S. in Computer Engineering and a M.S. in Mechanical Engineering from the University of Massachusetts.

Manisha Shah-Bugaj

Manisha Shah-Bugaj

COO

Manisha Shah-Bugaj

COO

Manisha Shah-Bugaj is Chief Operating Officer (COO) at Activ Surgical. In this role, she is responsible for overseeing all business operations for the company, including oversight of the impending commercialization of its ActivSight TM enhanced visualization imaging module, and the implementation of its surgical visualization technology at established pilot hospital sites in 2022.

Shah-Bugaj has a long-standing track record as a successful global medtech executive, key influencer and transformational leader, both globally and domestically, with a core strength in developing and protecting team culture founded in transparency,
recognition, and acknowledgement of areas of improvement, with identified countermeasures. Prior to joining Activ Surgical, she served as the Global General Manager and Vice President of Gynecology at Olympus where she led the global profit and loss, product portfolio, and strategy for the business. She brings over 20 years of experience including building and implementing corporate business plans, directing regional and global businesses aligned to financial and operational targets, hiring, and establishing new teams, and managing product portfolios.

Heather Mannila

Heather Mannila

VP, Finance

Heather Mannila

VP, Finance

Ms. Mannila is an accomplished finance leader with a diverse background and over 20 years of experience focused on accounting, financial planning and analysis, sales operations and manufacturing in the medical device industry.  She is known for her exceptional leadership building high performance finance teams resulting in improved business partnerships and financial results.  Ms. Mannila has particular focus supporting growth oriented commercial organizations in both the public and private sectors.  Most recently, she served as Controller for the North American Implants and Wellspect Healthcare Divisions at Dentsply Sirona.  She holds a B.S in Business Administration from Bryant University.

Mark Johnson

Mark Johnson

VP of Global Sales

Mark Johnson

VP of Global Sales

Mark Johnson is a high impact professional with 20+ years of progressive leadership experience and a performance record of developing sound strategic plans, executing top priorities, and delivering exceptional results. He has held leadership positions at Stryker, Smith & Nephew, Elekta and most recently Hologic where he specialized in Sales Transformation, P&L Management, Strategic Planning, Revenue/Profitability Growth, Talent Selection/Development, Sales Targeting/Optimization, Cross-Functional Leadership, Culture Development, and Key Account Management.

Richard A. Stamm

Richard A. Stamm

VP General Counsel

Richard A. Stamm

VP General Counsel

Rich has practiced corporate and securities law for 30 years, primarily advising business executives and corporate boards as General Counsel. Rich started his career with the law firm Dechert, LLP and then moved in-house to Ocean Spray Cranberries where, as General Counsel, he provided thought leadership and strategic guidance on the full range of legal issues faced by a global branded company. Following Ocean Spray, Rich joined the Ag Tech start-up Agrify Corporation as its General Counsel and helped navigate the Company through the legal complexities of preparing for its initial public offering. Most recently, Rich maintained his own legal and consulting firm, leveraging his practical business law and corporate governance expertise to advise a variety of businesses and their leaders. While General Counsel by title, at his core, Rich considers himself a teacher, and uses this perspective to arm business colleagues with the insight and tools they need to identify and mitigate legal risks across the enterprise. Rich has a degree in Business Economics from Brown University (1989) and graduated first in his class from the University of Connecticut School of Law (1992).

BACKED BY LEADING-EDGE PARTNERS

  • DNS Capital - Partnereded with Activ Surgical
  • GREATPOINT - Partnered with Activ Surgical
  • Rising Tide - Partnered with Activ Surgical
  • Sony Innovation Fund - Partnered with Activ Surgical
  • tao - Partnered with Activ Surgical
  • 8VC - Partnered with Activ Surgical
  • Artis Ventures - Partnered with Activ Surgical
  • COTA CAPITAL - Partnered with Activ Surgical
  • LRVHEALTH - Partnered with Activ Surgical
  • B.A.M. - Partnered with Activ Surgical
  • MAGNETAR CAPITAL - Partnered with Activ Surgical
  • Mint Venture Partners - Partnered with Activ Surgical
  • Castor Ventures - Partnered with Activ Surgical
  • NVIDIA - Partnered with Activ Surgical
  • Hikma Ventures - Partnered with Activ Surgical

Latest
Company News

  • Activ Surgical news icon
    May 24, 2022

    Activ Surgical Successfully Completes Institutional Review Board Study at University at Buffalo

    Full Press Release
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  • Activ Surgical news icon
    March 22, 2022

    Hikma Ventures leads Series B extension in Activ Surgical to support the global commercialization of its platform

    Full Press Release
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  • Activ Surgical news icon
    March 2, 2022

    Activ Surgical Granted Third U.S. Patent for ActivSight™ Imaging Module

    Full Article
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  • Activ Surgical news icon
    January 24, 2022

    Activ Surgical Appoints Manisha Shah-Bugaj as Chief Operating Officer

    Full Press Release
     
  • Activ Surgical news icon
    December 8, 2021

    Activ Surgical Granted Second U.S. Patent for ActivSight Imaging Module

    Full Article
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  • Activ Surgical news icon
    December 6, 2021

    Activ Surgical Wins BostInno’s “Inno on Fire Blazer” Award

    Full Press Release
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Panels & Events

The Activ Surgical leadership team is regularly asked to participate in various industry meetings to share their experience and to discuss the company’s unique technology.

Date
Panel or Event
Location

American College of Surgeons — Clinical Congress

Oct 23 - Oct 27, 2021
Virtual

HLTH — Create Health’s Future

Oct 17 - Oct 20, 2021
Boston Convention & Exhibition Center

ELEVATE IV — BAM’s Technology Investment Summit

Sep 22 - Sep 24, 2021
Jackson Hole, WY

CHECK-OUT OUR PREVIOUS PANELS & EVENTS

Date
Panel or Event
Location

BIOMEDevice Boston — State of Medtech Investment

Sep 21, 2021
Boston, MA

HIMSS Conference

Aug 9, 2021
Las Vegas, NV

Surgical Robotics: The Next 5 Years — Surgical Disruptive Technology Summit / Innovation Weekend

Jun 3, 2021
Hilton Americas-Houston, Houston, TX

Virtual Surgical Assistants: Inception, Education, and Deployment — NVIDIA GTC

Apr 12, 2021
Virtual

RisingTide Meet the Portfolio: Activ Surgical

Apr 6, 2021
Online Event

IEVE Silicon Valley Business Forum

Dec 8, 2020
Online Event

Women in IT Summit & Awards Series

Oct 28, 2020
Online Event

Digital Healthcare Re-Imagined: Secure, Compliant & Reliable AI-Assisted Surgeries a Reality w/Microsoft Azure IoT

Oct 15, 2020
Online Event

Virtual Medtech Conference – “The Robots Are Still Coming: Why Robotic Assisted Surgery Is Critical Despite Covid Uncertainty.”

Oct 6, 2020
Online Event

Careers in Biotech: Tufts Women in Tech Conference

Sep 19, 2020
Online Event

Virtual Fireside Chat – Digital Healthcare Re-Imagined (Qualcomm, Innominds and Activ)

Aug 28, 2020
Online Event

Emerging Technology Session: SAGES 2020

Aug 11, 2020
Online Event

BIOMEDevice Digital Express – “Robotic Surgery—A Holistic View on the Future of Surgery

Aug 6, 2020
Online Event

MassMEDIC Robotics Virtual Town Hall

Jul 25, 2020
Online Event

Data Bridge Market Research: The Future of Healthcare Robotics Conference

Jul 1, 2020
Online Event

F50 Global Capital Summit

Jun 16, 2020
Online Event

TiE Boston

Jun 12, 2020
Virtual

Advances in Laprascopic Surgery

Apr 29, 2020
MDG Virtual

Humanizing Machine Vision

Apr 14, 2020
MIT virtual Lecture

Surgical Disruptive Technology Summit

Mar 8, 2020
Houston, TX

Emerging MedTech Summit 2020

Feb 8, 2020
Dana Point, CA

JP Morgan

Jan 13, 2020
San Francisco, CA

CES

Jan 7, 2020
Las Vegas, NV

Sensors Summit

Dec 10, 2019
San Diego, CA

3rd european head and neck society workshop

Nov 21, 2019
London, UK

Medica

Nov 18, 2019
Germany

MedTech Strategist innovation summit

Nov 18, 2019
San Francisco, CA

ASMBS

Nov 4, 2019
Las Vegas, NV

C3i

Oct 21, 2019
Cleveland, OH

RockHealth

Sep 24, 2019
San Francisco, CA

Advamed MedTech Conference

Sep 23, 2019
Boston, MA

SRS Investment Conference

Jun 22, 2019
Orlando, FL

Careers

We’d Love to Hear From You

Activ Surgical, a pioneering digital surgery company is looking for individuals who are interested in shaping the future of healthcare by improving patient outcomes, reducing healthcare costs, and addressing unintended surgical complications.

Interested?

Check out our open roles and intern/co-op positions or just give us a call.
We’d be happy to chat with you about our company, our unique technology and the possibilities of joining our growing and dedicated team in Boston.

get in touch
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Activ

Powering the
Future of Surgery

Contact us

info@activsurgical.com
US: 617-333-8162

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Boston, MA 02210

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© 2022 Activ Surgical - All Rights Reserved. Activ Surgical, ActivEdge, ActivSight, ActivInsight, ActivICG, ActivPerfusion and the ACTIV and A logos are trademarks of Activ Surgical, Inc. All other trademarks are the property of their respective owners. 700-00053 Rev A