Accuray

Accuray

Robotics-assisted, image-guided radiotherapy for cancer

Overview

Accuray provides cancer-care technology that uses robotics and image guidance to deliver precise, non-invasive radiation treatments. Its flagship CyberKnife system places a robotic arm around the patient to aim highly focused radiation beams at tumors anywhere in the body, performing radiosurgery without surgery. In 2011 it expanded its product line by acquiring TomoTherapy, adding a helical radiation therapy platform to its portfolio, broadening the ways clinicians can treat cancer. The company differentiates itself by combining robotics with real-time imaging to track tumors and adjust treatment in real time, and by offering a broader, multi-product radiation oncology system rather than a single device. Accuray’s goal is to provide effective, non-invasive cancer treatments to patients worldwide, growing its global installed base and advancing access to precise radiation therapy.

About Accuray

Simplify's Rating
Why Accuray is rated
C
Rated B on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Robotics & Automation

Healthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Sunnyvale, California

Founded

1990

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Simplify's Take

What believers are saying

  • Steve La Neve's 2025 transformation plan targets $25 million annualized operating profit improvement.
  • Q3 fiscal 2026 delivered about $10 million of savings, supporting margin recovery.
  • March 2026 Accuray PRO-FAST prostate data and single-fraction CyberKnife expand adoption narratives.

What critics are saying

  • February 2026 Nasdaq bid-price notice led to August 6, 2026 Capital Market transfer.
  • December 2025 and 2026 restructuring cut about 18% of workforce, signaling pressure.
  • March-April 2026 CCO, COO exits destabilize execution while debt covenants remain tight.

What makes Accuray unique

  • CyberKnife and TomoTherapy address complex cancers with robotic, image-guided radiotherapy.
  • June 2026 AlignRT InBore on Helical Platform expands vendor-neutral surface-guidance workflows.
  • May 2026 UW-Madison partnership deepens adaptive radiotherapy research, training, and product development.

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Funding

Total Funding

$120M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Remote Work Options

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
AU Startups
Jul 28th, 2026
T2S Group Holding's $117M IPO oversubcribed 43.75x on Casablanca Stock Exchange.

T2S Group Holding's $117M IPO oversubcribed 43.75x on Casablanca Stock Exchange. Morocco's integrated MedTech group draws over $5.14 billion in orders, signaling renewed investor confidence in North Africa's equity market and the burgeoning healthcare technology sector. AU-Startups · Burgundy The IPO comprised 4.93 million shares priced at 223 dirhams each, valuing T2S Group Holding at approximately 4.9 billion dirhams ($520 million) post-listing. The offering was structured as a combination of a 350 million dirham capital increase and the sale of 750 million dirhams of existing shares by Trone Investment Holdings, an investment vehicle of Helios Investment Partners. This structure provided both growth capital for the company and liquidity for early investors. Trone Investment Holdings remains the largest shareholder with a 42% stake post-IPO. The overwhelming demand resulted in an average allocation rate of just 2.29% for subscribers, with individual investors accounting for nearly 99% of the total participants. This retail investor enthusiasm, drawing from 81 different nationalities, reflects a growing interest in Moroccan equities, a trend highlighted by the Casablanca Stock Exchange's chief executive, Nasser Seddiqi. Market context and comparables. T2S Group Holding's successful IPO follows a notable resurgence in Casablanca's primary market activity. The exchange saw three IPOs in 2025 - Vicenne in July, construction group SGTM, and fintech Cash Plus in November - after a multi-year drought. The Cash Plus IPO, which raised $82.5 million at a $550 million valuation, was oversubscribed 64 times, setting a high benchmark for subsequent listings. While T2S Group Holding's oversubscription rate of 43.75x is lower than Cash Plus's, it still represents substantial investor confidence, especially considering the MedTech sector's distinct risk profile compared to fintech. Morocco's healthcare sector is undergoing significant reforms, including expanding universal health coverage, which now reaches 88% of the population. The government has committed substantial investment to modernize hospital infrastructure, digitize patient records, and develop local manufacturing of medical products. The African medical devices market is projected to grow from $9.7 billion in 2024 to $14.93 billion by 2033, with Morocco identified as a key market alongside South Africa, Egypt, Nigeria, and Algeria. However, over 90% of medical devices on the continent are imported, indicating a reliance on foreign suppliers and potential vulnerabilities in the supply chain. Operational capabilities and growth trajectory. Founded in 1992 by Abderraouf Sordo, T2S Group Holding has evolved into Morocco's largest integrated medical technology company. The company distributes, installs, and maintains high-tech medical equipment, diagnostic systems, radiopharmaceutical products, and hospital software. It operates across seven segments, including radiology and oncology, medical devices, in vitro diagnostics, and after-sales services, with recurring activities accounting for 46% of its 2025 revenue of 1.76 billion dirhams ($188 million). This diversified model, which emphasizes maintenance contracts and consumables over one-off sales, aims to provide more stable revenue streams. T2S Group Holding has established partnerships with over 40 international MedTech companies, including GE HealthCare, BioMérieux, Boston Scientific, and Accuray, and operates in more than 20 African countries. The company's business plan forecasts an average annual revenue growth of approximately 18% between 2026 and 2030, targeting consolidated revenue of 4.17 billion dirhams ($445 million) by 2030. The skeptical view and what this round buys. While the IPO's oversubscription indicates strong market appetite, the ambitious growth targets for T2S Group Holding warrant scrutiny. The company plans to replicate its Moroccan model across francophone Africa, focusing initially on eight priority countries and relying on radiology, oncology, and after-sales services. Expanding into diverse African markets, each with its own regulatory, logistical, and talent challenges, presents significant operational hurdles. Morocco's healthcare regulatory landscape, while undergoing reform, can still be complex, and navigating varied regulations across multiple African nations will require robust local expertise. The IPO proceeds, approximately 350 million dirhams, will primarily fund the construction of a second cyclotron facility in Fez, the rollout of in-vitro diagnostic equipment, and upgrades to IT systems and cybersecurity. The 2026-2030 investment program totals 336 million dirhams, suggesting that the capital increase provides sufficient runway for these immediate strategic initiatives. However, the ability to attract and retain specialized talent for expansion across Africa, particularly in complex medical technology fields, will be critical. The market will be watching closely to see if T2S Group Holding can translate its domestic success into sustained pan-African growth while maintaining profitability and navigating competitive pressures from both international players and emerging local innovators. Based on information available at time of publication. Trademarks and logos belong to their respective owners. Spot an error? Write to [email protected]. Editorial policy · Disclaimer.

Anderson Publishing, Ltd.
Jun 22nd, 2026
Vision RT and Accuray launch first clinical use of AlignRT InBore on Helical Platform.

Vision RT and Accuray launch first clinical use of AlignRT InBore on Helical Platform. By News Release Published Date: June 22, 2026 Vision RT and Accuray have announced a significant milestone in the clinical implementation of their AlignRT InBore technology, now successfully utilized on the Accuray Helical Platform. Clinique Générale-Beaulieu, a member of the Swiss Medical Network, is the inaugural institution to employ this innovative solution, setting a precedent in the global medical community. The Swiss Medical Network, comprising three sites and serving approximately 900 patients annually, intends to expand the application of AlignRT InBore for patients undergoing treatment for breast, prostate, gastrointestinal, and secondary cancers. This integration marks an advancement in bore-based helical radiotherapy available at the network's facilities. The AlignRT InBore system combines Vision RT's ceiling-mounted AlignRT camera system, used for patient setup, with a specialized multi-camera configuration mounted inside the treatment bore. This strategic combination ensures that patient visibility and tracking remain uninterrupted during setup, imaging, and treatment phases. Commenting on this development, Vision RT CEO Dr. Norman Smith stated, "AlignRT InBore on the Accuray Helical Platform represents a step further in our mission to make surface guidance universal across radiation therapy." Designed specifically for the Accuray Helical Platform, AlignRT InBore incorporates a 3 mm-thick ring within the bore, facilitating seamless integration into the treatment environment while ensuring continuous surface tracking. Piyush Pratap Singh, Director of Product Marketing at Accuray, emphasized the system's capacity to enhance treatment precision and operational efficiency, noting: "Bringing AlignRT InBore to the Accuray Helical Platform reflects our commitment to expanding a vendor-neutral ecosystem that supports advanced treatment workflows." Professor Oscar Matzinger, Medical Director of Radio-Oncology and Chief Medical Officer of the Swiss Medical Network, expressed pride in their pioneering role, stating, "This achievement reflects the successful collaboration between Vision RT, Accuray, and our department. By enabling continuous patient monitoring and supporting breath-hold treatments, this innovative technology complements the precision of Accuray helical delivery and enhances treatment quality and safety." This integration of AlignRT InBore reaffirms Vision RT's commitment to enhancing radiation therapy for optimized patient care, encompassing simulation, planning, treatment, and dosing processes.

CyberKnife Miami
Jun 2nd, 2026
Game changer: Just One CyberKnife treatment May cure Prostate Cancer.

Game changer: Just One CyberKnife treatment May cure Prostate Cancer. WOW JUST WOW: Just One Single CyberKnife Session May Be All That's Needed to Treat Prostate Cancer. Early study results look very promising. Accuray, the manufacturer of CyberKnife introduced this novel strategy for prostate cancer treatment, unveiling the so called, PRO-FAST protocol at the European Society for Radiotherapy and Oncology meeting in Milan. #ESTRO26 Dr. Andre Fodor from the San Raffaele Scientific Institute #IRCCS shared clinical insights on the PRO-FAST method, which aims to significantly reduce the treatment timeline for eligible patients. The initiative underscores the growing trend towards accelerated cancer therapies for patients using advanced radiotherapy technologies. To date 37 prostate cancer patients have been treated. Toxicity levels were low, and the one year follow up shows very well controlled PSA levels. Researchers are only half way through the study but believe the PRO-FAST treatment is feasible in the not too distant future. Currently 5 CyberKnife sessions are used to treat prostate cancer, compared to 42 treatment sessions with other types of radiation therapy. The approach utilizing single-day, single-fraction radiotherapy delivered through the CyberKnife system would be much more convienent for prostate cancer patients, greatly reducing the stress and time it takes to complete cancer treatment.

PR Newswire
May 29th, 2026
Accuray grants equity awards to new Chief Commercial Officer and Chief Legal Officer

Accuray Incorporated has granted equity inducement awards to two new executives as material inducements for joining the company. Paul Miele, the new chief commercial officer, received 650,000 restricted stock units and 650,000 performance-based restricted stock units. David Shin, the new chief legal officer, received 375,000 restricted stock units and 375,000 performance-based restricted stock units. The restricted stock units will vest over four years in equal annual instalments. The performance-based units have a performance period ending in fiscal year 2028 and will vest based on achievement of performance criteria, subject to continued employment. The awards were granted outside the company's current equity plan but follow NASDAQ Listing Rule 5635(c)(4) for inducement grants. Accuray develops radiation therapy solutions for oncology and neuro-radiosurgery applications.

SAHM Capital
May 15th, 2026
Accuray and the University of Wisconsin-Madison Announce Master Research Agreement to Improve Personalized Care for Patients with Cancer

Accuray and the University of Wisconsin-Madison announce Master Research Agreement to improve personalized care for patients with cancer. Accuray Incorporated MADISON, Wis., May 15, 2026 /PRNewswire/ - Accuray Incorporated (NASDAQ: ARAY) and the University of Wisconsin School of Medicine and Public Health (UW SMPH) announced a new 10-year strategic collaboration to advance personalized cancer treatments using Accuray's Stellar(TM) adaptive radiation therapy platform. This agreement builds on longstanding shared history of partnership between Accuray and the school to develop precision radiation therapy technologies using imaging to precisely deliver dose sculpting for cancer treatments. This newest collaboration will support clinical research, education and training, and the development of adaptive therapies that help empower medical care teams to continually raise the standard in cancer care. "Our success depends on collaboration, innovation, and the energy that comes from addressing meaningful clinical needs for patients," said Steve La Neve, President and CEO of Accuray. "This Master Research Agreement formalizes and expands our longstanding relationship with the University of Wisconsin-Madison and grounds our innovations in real-world clinical practice and impactful patient care. By leveraging our respective strengths, we aim to extend the curative power of radiotherapy so departments of all sizes around the world can benefit from advanced adaptive therapies." In the late 1980s, University of Wisconsin-Madison Professor of Medical Physics, Human Oncology, and Engineering Thomas "Rock" Mackie and his team invented technology that would later be commercialized as Accuray's first helical radiation delivery platform, the TomoTherapy(R) System. This ushered in a new era in radiation medicine, enabling clinicians for the first time to integrate helical 3D image-guidance with intensity-modulated radiation therapy (IG-IMRT), increasing treatment precision and accuracy to help improve patients' cancer care. Since its introduction, Accuray has continued to enhance the helical platform, introducing advances in image quality, speed, versatility, and workflow efficiency. The new agreement between the UW School of Medicine and Public Health and Accuray will build on this shared history to advance the next generation of adaptive radiotherapy approaches, according to Zachary Morris, MD, PhD, professor and chair of human oncology. "At UW we have exceptionally talented innovators in radiation medicine across the spectrum from discovery science to translational and clinical research and we have a track-record of advancing discoveries to clinical practice. This agreement with Accuray is an exciting next step that will accelerate the process of translating research innovation into technologies that better serve patients, leveraging a robust academic-industry collaboration to advance personalized radiotherapy treatments," said Morris. "This framework enables us to build on a long history of shared innovation with Accuray to deepen our collaboration, bring future innovations from bench to bedside, and create translational research and training opportunities that keep patients at the center of our work," said Nita Ahuja, MD, MBA, Dean of the UW School of Medicine and Public Health and Vice Chancellor for Medical Affairs at the University of Wisconsin-Madison. About Accuray Accuray is committed to expanding the powerful potential of radiation therapy to improve as many lives as possible. We invent unique, market-changing solutions designed to deliver radiation treatments for even the most complex cases-while making commonly treatable cases even easier-to meet the full spectrum of patient needs. We are dedicated to continuous innovation in radiation therapy for oncology, neuro-radiosurgery, and beyond, as we partner with clinicians and administrators, empowering them to help patients get back to their lives, faster. Accuray is headquartered in Madison, Wisconsin, with facilities worldwide. To learn more, visit www.accuray.com or follow us on Facebook, LinkedIn, X, and YouTube. About the University of Wisconsin School of Medicine and Public Health The University of Wisconsin School of Medicine and Public Health is recognized as one of the nation's leading institutions in health sciences education, research, and service. Founded in 1907 as the medical school of the University of Wisconsin-Madison, in 2005 it became the nation's first school to integrate the disciplines of medicine and public health. With a deep commitment to a vision of healthy people and healthy communities, we translate discovery into application and interconnect clinical care, education and research. The school employs more than 5,600 faculty and staff and provides educational opportunities for nearly 3,000 students and postgraduate trainees. For federal fiscal year 2025, the school ranked #10 in the nation among public medical schools for NIH funding according to the Blue Ridge Institute for Medical Research. Some of the nation's leading researchers, educators, and clinicians are among the faculty, including several National Medal of Science recipients and National Academy of Science honorees. Safe Harbor Statement Statements made in this press release that are not statements of historical fact are forward-looking statements and are subject to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release relate, but are not limited, to expectations related to the proposed collaboration between the Company and the University of Wisconsin. These forward-looking statements involve risks and uncertainties. If any of these risks or uncertainties materialize, or if any of the company's assumptions prove incorrect, actual results could differ materially from the results expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to enter into a collaboration agreement with the University of Wisconsin, the ability to achieve the benefits of such collaboration, and such other risks identified under the heading "Risk Factors" in the company's annual report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on August 28, 2025, and as updated periodically with the company's other filings with the SEC. Forward-looking statements speak only as of the date the statements are made and are based on information available to the company at the time those statements are made and/or management's good faith belief as of that time with respect to future events. The company assumes no obligation to update forward-looking statements to reflect actual performance or results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. Accordingly, investors should not put undue reliance on any forward-looking statements. Media Contacts Daniel Biank Vice President of Regulatory & Government Affairs Accuray [email protected] Robyn M. Perrin, Ph.D. Chief Communications Officer University of Wisconsin School of Medicine and Public Health [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/accuray-and-the-university-of-wisconsin-madison-announce-master-research-agreement-to-improve-personalized-care-for-patients-with-cancer-302773750.html SOURCE Accuray Incorporated This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.

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