Verified Nov 2026
Thermal & Fluid Systems
·
Minnetonka, Minnesota
·
Since 1999
Monteris Medical is a privately held developer of minimally invasive neurosurgical systems, headquartered in Minnetonka, Minnesota, and founded in 1999. The company has an estimated 100-200 employees and an estimated annual revenue band of $50-100 million. Its primary product, the NeuroBlate laser ablation system, uses MRI-guided laser therapy to treat brain tumors, radiation necrosis, and drug-resistant epilepsy, and serves neurosurgery and medical institutions. In March 2026, the company announced a $28 million Series E growth equity round.
Monteris Medical at a glance
Revenue
$50-100M
Est. band
Employees
100-200
Founded
1999
Headquarters
Minnetonka, Minnesota
Industries
Automotive
Electric Vehicles
Medical
Industrial Equipment
Overview
Monteris Medical is a privately held developer of minimally invasive neurosurgical systems, headquartered in Minnetonka, Minnesota, and founded in 1999. The company has an estimated 100-200 employees and an estimated annual revenue band of $50-100 million. Its primary product, the NeuroBlate laser ablation system, uses MRI-guided laser therapy to treat brain tumors, radiation necrosis, and drug-resistant epilepsy, and serves neurosurgery and medical institutions. In March 2026, the company announced a $28 million Series E growth equity round.
At a glance
Attribute | Detail |
|---|---|
Founded | 1999 |
Headquarters | Minnetonka, Minnesota |
Employees | 100-200 |
Revenue | $50-100M (estimated) |
Primary capability | Thermal & Fluid Systems |
What Monteris Medical makes
The company's NeuroBlate system provides MRI-guided laser interstitial thermal therapy for neurosurgical procedures, and the company has published a study covering 787 brain tumor patients treated with it.
Products and capabilities described on the company's own site include LED, Mold (source: monteris.com).
Latest developments
2026-08-19 — Monteris Medical Announces Publication of Landmark Study on 787 Brain Tumor Patients Treated with NeuroBlate® Laser Interstitial Thermal Therapy (LITT) - Monteris (monteris.com)
2026-03-27 — Monteris Medical targets $100 million revenue with new funding - Minneapolis / St. Paul Business Journal (bizjournals.com)
2026-03-13 — Monteris Medical raises $28M Series E for robotic neurosurgery tech (massdevice.com)
2026-03-12 — Monteris Medical Secures $28 Million in Growth Equity to Accelerate Revenue and Innovation in Minimally Invasive Neurosurgery - Monteris (monteris.com)
2026-03-12 — Trinity Capital Inc. Provides $35 Million in Growth Capital to Monteris Medical to Support Neurosurgical Technology Advancements (prnewswire.com)
2026-01-28 — Monteris Medical Leads Effort to Secure TRICARE Coverage for Laser Interstitial Thermal Therapy (LITT) for Military Members - Monteris (monteris.com)
Facilities
Monteris Medical is headquartered in Minnetonka, Minnesota. Public sources also reference these locations:
Plymouth, Minnesota — prnewswire.com
Company details
Monteris Medical is privately held, with an estimated revenue band of $50-100 million, and is reported to be targeting $100 million in revenue. Monteris Medical was founded in 1999, has an estimated 100-200 employees, and is headquartered in Minnetonka, Minnesota.
Frequently asked questions
What does Monteris Medical make?
Monteris Medical is a privately held developer of minimally invasive neurosurgical systems, headquartered in Minnetonka, Minnesota, and founded in 1999. The company has an estimated 100-200 employees and an estimated annual revenue band of $50-100 million. Its primary product, the NeuroBlate laser ablation system, uses MRI-guided laser therapy to treat brain tumors, radiation necrosis, and drug-resistant epilepsy, and serves neurosurgery and medical institutions. In March 2026, the company announced a $28 million Series E growth equity round.
Where is Monteris Medical headquartered?
Monteris Medical is headquartered in Minnetonka, Minnesota (131 Cheshire Lane, Minnetonka, Minnesota, 55305).
When was Monteris Medical founded?
Monteris Medical was founded in 1999.
How big is Monteris Medical?
Monteris Medical has an estimated 100-200 employees, with revenue in the $50-100M range (estimated).
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Last verified Nov 2026. Is this your company? Request a correction.
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