The virtual reality surgical training and assessment platform, Osso VR, has raised $66 million in Series C funding to provide more healthcare professionals access to surgical education. The funding round was led by Oak HC/FT and saw participation from Signalfire, GSR Ventures, Tiger Global Management, and Kaiser Permanente Ventures.
The company will use the capital to accelerate its education initiative and hire top-tier talent for developing high-fidelity surgical training experiences for additional specialty areas.
Osso VR develops on-demand, immersive modules to enable surgical teams to train independently or collaboratively within a virtual environment. Moreover, medical device companies have deployed Osso VR to launch internal technologies to help resolve the issue with conventional training methods, often requiring the management of conflicting schedules, remote staff, and costly travel.
The Osso VR platform allows surgeons to practice utilizing complex medical technologies for providing their patients access to the best procedures promising optimal outcomes.
The company has already partnered with leading global medical device companies, such as Johnson & Johnson, Stryker, Zimmer Biomet, and Smith + Nephew. Its content modules cover several specialty areas, including orthopedics, spine, interventional cardiology, and general surgery.
“The future at Osso VR is incredibly bright. 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 Justin Barad, MD, CEO and Co-Founder of Osso VR.
The company currently has a workforce of over 150 employees, which it plans to expand exponentially over the next year. It designs and develops virtual experiences in-house through a team of experts with varying backgrounds, such as healthcare, technology, movies, and gaming.
Osso VR had also won the prestigious SXSW Innovation Award for VR, AR, and MR this year.
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