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GET A PIECE OF XSURGICAL ROBOTICS
Gianluca De Novi • Founder & Chief Executive Officer
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Michele Marzola • Founder & Chairman of the Board
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Debora Botturi • Founder & Chief Scientific Officer
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Overview
Our firm is currently developing a natively remotely controlled surgical robot employing AI - which can not only operate in a hospital like its competitors, but be deployed also in situations of disaster recovery and battlefields.
*Images used in this video are in the prototype phase, the AI Surgical Robot is not currently available on the market.
This technology will bring the expertise and skills of a top surgeon to perform complex, surgical procedures in remote locations.
Currently, we are working on the third iteration of our robot, the Gamma, at our laboratory in Cambridge MA.
All in all, we are here to move the technology forward. We are ready to bring that vision into an ever-expansive market.
*Images used in this video are in the prototype phase, the AI Surgical Robot is not currently available on the market.
The Problem
Today’s surgical robots are used only in the top 5,000 hospitals in the world. Those current vendors neglect the other 50,000 that have the same clinical needs of large hospitals - mostly because they cannot afford the costs of current solutions.
Not to mention, most robots today can perform only a very limited number of procedures. As a consequence, only the largest hospitals in major towns can ensure a steady volume of patients that can benefit from the technology, while the vast majority of the global population can not be reached (or would have to afford to go where it’s possible).
We believe XSurgical will deliver a more versatile solution that will enable more surgeons to execute more procedures with increased precision, filtered tremor, increased dexterity, scalable movements, and more (think about all the procedures where it is required the use of magnification lopes but the hands movement is not equally scaled).
We believe that this will result in significant improvements in the overall quality of health care.
The Market
There is general consensus in the industry that the surgical robotic market should exceed $15 Billion globally at maturity. In fact, Bank of America Merrll Lynch is estimating that just the U.S. market alone should exceed $18 Billion - addressing more than 6 Million procedures per annum. (Source)
In addition to the initial capital equipment sale, we believe that the average value per unit sold is higher than $2 million, leading to a Total Addressable Market of more than $15 Billion. (Source)
*Images used in this video are in the prototype phase, the AI Surgical Robot is not currently available on the market.
XSurgical is uniquely positioned to serve this $ 1.6 Billion untapped opportunity. We plan to develop a new universal platform for surgical robotics that we believe will be the first able to serve both the Open Field and the 50,000 hospitals currently neglected by competitors.
The Solution
XSurgical Gamma Robot is designed as a Universal Surgical Robot - capable of performing a high number of procedures just by adopting a proper set of instruments and tools.
*Images used in this video are in the prototype phase, the AI Surgical Robot is not currently available on the market.
This enables the use of a single Robot to perform many different kinds of procedures, and it can be shared between multiple departments such as...
We believe XSurgical’s Robot is unique in that it is designed to be the first Open Architecture Surgical Robot. This means we enable third parties to implement their own procedures (Surgical Instruments, Software and Protocols) and sell their upgrades for our native platform (paying royalties for XSurgical).
The idea is to “crowdsource” the effort of implementing a wide range of procedures. To further support its partners, XSurgical is implementing a XDK (XSurgical Development Kit) which includes mechanical drawings, electric diagrams, software to enable third parties to implement their procedures for our platform.
Our universal surgical robot is capable of:
We believe our Robot is the first and only to be designed for multiple types of surgery. Furthermore, we think our system will be the only surgical robot designed to operate not only in a hospital environment, but also for mobile settings.
*Images used in this video are in the prototype phase, the AI Surgical Robot is not currently available on the market.
The revenues will be generated by:
Why Invest
We believe we are 3 years away from the market. As a first step, we will be completing the prototypes that will be used for FDA approval and CE marking. We may be able to generate revenues earlier from military contracts, and within 10 years, we plan to be key players in a $15 billion industry.
*Images used in this video are in the prototype phase, the AI Surgical Robot is not currently available on the market.
The surgical robots of the future have to be much easier to use - capable of assisting a surgeon in speeding up their job, and avoid creating higher treatment costs. Also the convergence of AI means lower costs for high computation power, faster telecommunication networks, and more.
*Images used in this video are in the prototype phase, the AI Surgical Robot is not currently available on the market.
We want to be pioneers in this field and deploy today smart and effective surgical robotic solutions and probably AI-supported surgical robots for the next decade.
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Company Perks*
Early Bird
Friends and Family - First 72 hours | 15% bonus shares
Super Early Bird - Next 72 hours | 10% bonus
Early Bird Bonus - Next 7 days | 5% bonus shares
Volume
Tier 1 perk - ($1,000+ 1% bonus shares)
Tier 2 perk - ($5,000+ 2% bonus shares)
Tier 3 perk - ($10,000+ 3% bonus shares)
Tier 4 perk - ($25,000+ 5% bonus shares)
Tier 5 perk - ($50,000+ 10% bonus shares) and invitation to the Investors Club meetings, which will be held twice a year (virtually) with the participation of the Board and key advisors
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
XSurgical Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Preferred Stock at $4.00 / share, you will receive 10 additional shares of Common Stock, meaning you'll own 110 shares for $400. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
04.19.22
Time flies... it was a short ride and we have learned a lot.
Here we are, did you get a piece of our dream? if you did, get more... if you didn't this is the last opportunity to get some more on Start Engine.
We are excited for the new fellow shareholders that will follow us on our journey and we are looking forward to seeing more and more investors joining our mission.
Thank you to everyone.
Gianluca De Novi, Ph.D.
04.15.22
- 5 days to the end of our crowdfunding campaign.
If you didn't get your shares, please do it!
We are excited to close this campaign in a successful way.
Thanks,
XSurgical Robotics Team
04.14.22
Dear Investors,
It appears to us that some of you didn't receive the request to reconfirm the initial investment in XSurgical when we extended our campaign with the direct result to have the investment canceled.
Please, be advised that if this is the case, the best course of action is to reconfirm the investment and contact Start Engine to inform them about the missed notification.
We sincerely apologize for these technical difficulties that together with some others have been contributing to the lack of timely communication and sometimes the loss of the investment. We are working with the team of Start Engine to ensure that there will be support for whoever suffered these circumstances.
Sincerely
XSurgical Robotics Team
03.30.22
Dear Investors,
We have extended our crowdfunding campaign for one more month. We thank each one of the investors that have reconfirmed the investment in XSurgical and we'll miss the ones that have changed their minds.
Thank you for continuing to support us,
XSurgical Robotics Team
03.17.22
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the XSurgical Robotics offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign to 4/20/22.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
02.16.22
Greetings,
Big shoutout and thanks to our initial investors from the entire XSurgical Robotics team!
With your support, we just reached $50K on StartEngine in about 40 days since the beginning of our campaign.
That’s one good start and this will give to XSurgical the opportunity to reach even more investors.
Now, we’re ready to keep the ball rolling, reaching one by one all the development milestones!
Our mission is to try and advance the standard of care in surgical robotics with innovative technology solutions that can reach the entire global population rather than serve only those who live in proximity of large hospitals.
With your support, we know we can do it.
Become a shareholder today and let's democratize access to this technology!
02.08.22
The MHSRS is the Department of Defense’s foremost scientific meeting. It provides a venue for presenting new scientific knowledge resulting from military-unique research and development. The MHSRS is the premier military or civilian meeting that focuses specifically on the unique medical needs of the Warfighter.
The MHSRS provides a collaborative setting for the exchange of information between military providers with deployment experience, research and academic scientists, international partners, and industry on research and related health care initiatives falling under the topic areas of Combat Casualty Care, Military Operational Medicine, Clinical and Rehabilitative Medicine, Medical Simulation and Information Sciences, Military Infectious Diseases, and the Radiation Health Effects.
The MHSRS is an annual four-day educational symposium that draws approximately 3,500 attendees.
At the current time, the management of XSurgical has decided to submit an abstract to the conference and to send some representatives to engage in networking, business development and meet the "old friends" maintaining the existing relationships sharing at the same time all the updates about the company and our technology development.
We are thrilled to be at MHSRS after two years of absence due to COVID cancellations.
01.01.22
I'd like to personally thank all the investors that joined us in these past few days of 2021.
The year 2022 is going to be a very important year for us and we hope that our fundraising will be successful enough to allow us to move fast toward our final design of the Gamma Robot.
We are proud to have you on board and we are looking forward to sharing any achievements with you.
We have ambitious goals but most importantly the determination, the motivation, and the passion for getting us through the finish line soon.
Have a wonderful 2022 guys!
Gianluca De Novi, PhD
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
Tier 1 perk - 1% bonus shares
1% bonus shares
Tier 2 perk - 2% bonus shares
2% bonus shares
Tier 3 perk - 3% bonus shares
3% bonus shares
Tier 4 perk - 5% bonus shares
5% bonus shares
Tier 5 perk - 10% bonus shares
10% bonus shares) and invitation to the Investors Club meetings, which will be held twice a year (virtually) with the participation of the Board and key advisors
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David DiLoreto
5 months ago
Would you be able to provide an update on how the company progressed in 2024 and any future expectations? Thank you for your time and any insights you can provide.
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