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Intuition history
Intuition company history timeline
SRI's efforts to improve microsurgery were aided in 1990 by funding from the National Institutes of Health.
He cofounded a company called Endotherapeutics to market the trocar; the business ultimately was acquired by United States Surgical in 1992.
In 1995 Freund successfully negotiated a technology license from SRI, followed by other licenses for technology from IBM and MIT, and in November he, Moll, and Freund incorporated Intuitive Surgical Devices, Inc.
The company went public in 1997 and was the early leader in surgical robots.
1999 Da Vinci Surgical System is introduced.
With Lehman Brothers serving as the lead underwriter, Intuitive completed its IPO in June 2000, netting the company $46 million, despite having been sued for patent infringement by a competitor, Computer Motion, Inc., just a month before the offering.
In 2002 Moll and Younge left Intuitive to found another medical start-up, Hansen Medical, which developed a robotic system to move diagnostic catheters within a patient in order to perform procedures.
The matter was resolved in June 2003 when Intuitive and Computer Motion agreed to merge.
In 2004 revenues increased 51 percent to $138.8 million and Intuitive recorded net income of $23.5 million, the company's first profitable year.
In the spring of 2005 da Vinci received FDA approval to perform hysterectomies, a procedure performed five times more often than prostate surgery.
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Intuition competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Datatrac | 1977 | $870,000 | 50 | - |
| SFG (Strategic Fulfillment Group) | 1980 | $10.0M | 200 | - |
| Member Solutions | 1991 | $300,000 | 50 | - |
| Medusind | 2002 | $550.0M | 900 | 9 |
| First Advantage | 2003 | $860.2M | 5,500 | 46 |
| Vertex | 1978 | $666.8M | 1,100 | 169 |
| Policy Studies | 1984 | $220.0M | 1,313 | - |
| ACS Solutions | 1998 | $900.0M | 1,000 | - |
| Arvato | 1958 | $4.1B | 68,463 | 10 |
| Omnisys | 2000 | $48.5M | 200 | - |
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Intuition may also be known as or be related to Intuition, Intuition LLC and Intuition, LLC.