
However, Vincent is adamant that its more holistic life-like haptics is what really sets it apart - it blends cutaneous (tactile vibration) with kinesthetics, which includes force, feedback and positional haptics. There are numerous players in the burgeoning medical simulation space, such as Medical Realities, ImmersiveTouch and OssoVR, the latter having recently closed a $66 million round of funding. Data from Research and Markets suggests that the healthcare and medical simulation market is a $2 billion industry today, a figure that’s predicted to double within five years - and this is something that FundamentalVR is looking to capitalize on.įounded out of London in 2012, FundamentalVR is a software-as-a-service (SaaS) platform that combines VR with haptics to enable medical processionals to access training such as orthopedic joint / spine procedures anterior total hip replacement (A-THR) posterior total hip replacement (P-THR) total knee replacement (TKA) facetectomies and more.Īt the heart of the company’s so-called Fundamental Surgery platform is what it calls HapticVR, which makes virtual procedures more life-like through physical sensory feedback - HapticVR is compatible with myriad handheld devices, including haptic gloves and purpose-built controllers. Medical simulation serves as a powerful example of how VR and related MR systems are having a meaningful societal impact away from the mainstream gaze, with such technologies now regularly used to train new doctors or help surgeons maintain existing skills and learn new procedures. More recently, VR has been used in all manner of healthcare scenarios, from treating social anxiety and other mental health conditions to surgical training.
#SURGEON SIMULATOR VIVE SIMULATOR#
By way of example, back in 2009, a neurosurgeon in Canada used a VR-based simulator to carry out a dry-run of a real brain tumor surgery in what was thought to be a world’s first at the time. However, among the industries that have long embraced VR are medicine and healthcare. I couldn’t be more excited to take this next step with such a talented, passionate team.FundamentalVR, an immersive simulation platform for medical and healthcare professions, has raised $20 million in a round of funding to “accelerate skill-transfer and surgical proficiency” through virtual reality (VR) and mixed reality (MR) applications.ĭespite its decades-long promise, VR hasn’t traveled too far beyond gaming circles or niche industrial use-cases, though this is something that Meta and its Big Tech ilk are pushing aggressively to change. “This round of investment supports the next step of our journey to provide access to all healthcare professionals.

Each step of the way, we’ve stayed true to our mission to democratize healthcare and seen the results that our platform brings to surgical training and assessment,” said Barad. “The future at Osso VR is incredibly bright. The company has now grown to more than 150 employees, and Osso VR says it plans to grow “exponentially” over the next year.

It provides modules across a number of fields, including orthopedics, endoscopy, and a host of interventional procedures. More recently, Osso VR made strides during the COVID-19 pandemic since its VR training allows medical professionals to learn and practice from a distance.

#SURGEON SIMULATOR VIVE SERIES#
This brings the company’s lifetime outside investment to around $109 million, with its $27 million Series B arriving in July 2021.įounded in late 2016 by UCLA and Harvard-trained orthopedic surgeon Justin Barad, MD, Osso VR’s surgical training tech provides on-demand, educational experiences to surgeons with a focus on acquainting them with emerging techniques and technologies. The company works with industry leaders such as Johnson & Johnson, Stryker, Zimmer Biomet and Smith & Nephew. The Series C round was led by Oak HC/FT, which includes participation from Signalfire, GSR Ventures, Tiger Global Management and Kaiser Permanente Ventures. Osso VR, the VR surgical training platform, today announced it’s closed a $66 million Series C financing round, something the company says will be used to broaden its VR surgical offering and hire more expert talent.
