The British health tech startup focused on advancing the use of augmented reality tech for facilitating surgeries, Proximie, has raised an $80 million Series C round. The company had previously raised a $38 million Series B in April 2021, with the recent round bringing its total capital raised to date to $129 million.
The 2016-founded startup is on a mission to create a ‘borderless operating room.’ Its platform uses augmented reality to enable a surgeon to remotely observe an operation and demonstrate the methods and techniques for executing the required processes to the personnel conducting the operation. The fundamental idea is to democratize access to the acumen of the most skilled surgeons globally.
“Proximie is helping to bridge the surgical training gap in hospitals across the world,” said Dr. Nadine Hachach-Haram, NHS surgeon and Proximie’s founder.
According to studies, currently, 5 billion people lack access to safe surgery, and over 18 million people lose their lives due to this fact.
Proximie is also creating a ‘digital footprint’ of operations, which can be used to enhance the knowledge of various surgical procedures amongst surgeons worldwide.
The latest funding round was led by Advent Life Sciences, a British-American VC focused on life sciences. SoftBank, British Patient Capital, Mubadala, the Minderoo Foundation, and Emerson Collective also participated in the round in addition to existing investors F-Prime Capital, Eight Roads, Questa Capital, and Global Ventures, and Maverick Ventures.
The company is aiming to establish its presence within a large market, with hospitals and institutions looking to enhance their performance in surgeries. The platform has already been deployed in over 500 hospitals across 100 countries.
Proximie has secured several high-value contracts, such as one with the health solutions arm of Vodafone and another with Teladoc, an American telemedicine company valued at $23 billion. The company plans to use the fresh funds to expand its platform further.
“Proceeds will be used to accelerate the development of key products and services, build out our marketplace ecosystem and scale our Operating System of the OR – a centralized platform delivering connected surgical care,” added Hachach-Haram.
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