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Deneb Medical, a Spanish company specializing in laser-based precision surgery, has closed a €14.7 million funding round to support development and commercial launch of IZAR, its robotic spine surgery system. The round includes participation from SETT (€7.2 million), an unnamed US multinational medical device company (€5 million), and Kutxa Fundazioa's Bidelagun program (€2.5 million), alongside continued support from organizations including Seed Gipuzkoa, SCR, and CDTI-Innvierte.
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IZAR combines robotics, photonics, and artificial intelligence to automate elements of spinal surgery, with the company citing submillimeter precision, per-patient customization, reduced surgical risk, and improved operating room efficiency as core capabilities. The platform integrates preoperative planning, patient registration, robotic guidance for pedicle screw placement, and laser tissue ablation into a single surgical workflow.
For Deneb Medical, the round secures capital to push IZAR toward market launch while keeping headquarters and engineering operations based in San Sebastián, Spain, where the company's 22-person team is expected to grow. The involvement of a large US medical device multinational is notable in particular, giving Deneb Medical potential access to established global commercial networks and distribution infrastructure as it looks to scale beyond its current base.
For the broader MedTech space, the round reflects continued strategic and institutional investment in spine robotics, an area where companies are increasingly combining imaging, robotic guidance, and AI-driven automation to address the complexity and complication rates associated with spinal procedures.
