Medivis Secures $20 Million Funding Round Led by Thrive Capital to Pioneer Augmented Reality in Surgical Navigation.
New York City-based company, Medivis, is making significant strides in establishing augmented reality (AR) as the leading technology for surgical navigation. Recently, the company announced a successful $20 million funding round, with Thrive Capital taking the lead. Notable investors such as Initialized Capital and Mayo Clinic also participated in this round.
Medivis has forged partnerships with renowned medical institutions, including MD Anderson Cancer Center, Providence Health, University of Pittsburgh Medical Center, Northwell Health, and Cincinnati Children’s Hospital. Additionally, the company has expanded its collaboration with the Veterans Health Administration, showcasing its commitment to revolutionizing surgical practices through AR technology.
The company plans to utilize the funds raised to expand its engineering capabilities, obtain necessary regulatory clearances, and drive commercialization efforts within the fields of neurosurgery, orthopedic surgery, interventional radiology, and reconstructive surgery.
“We started Medivis to usher in a new visual era for medicine through augmented reality. Over the last seven years, we have been creating technology to grant clinicians unprecedented visual guidance during surgical procedures. Ultimately, this technology will facilitate safer procedural care for patients around the world. We are thrilled to have the support of these incredible investors as we continue our journey,” Dr. Osamah Choudhry, Medivis co-founder and neurosurgeon, told the press.
“The practice of medicine and the outcomes of people under our care, depend on our ability to gather and utilize data,” added Dr. Christopher Morley, Medivis co-founder and radiologist. “Spatial computing will change every industry, but none more importantly than healthcare, where it will advance the way we perform a wide range of routine and complex interventions. Our partnerships speak to how far the technology has come, the growing market adoption and the paths we see ahead to profound value creation.”
Kareem Zaki, a general partner at Thrive Capital, said: “From our first meeting, we’ve been impressed by the team’s vision and ambition to revolutionize medical imaging. We believe that Medivis has the potential to set a new standard for surgical navigation and we’re excited to partner with them as they enter their next stage of growth.”
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