There’s been plenty of virtual reality (VR) investment news already this month with the latest coming from surgical training specialist Osso VR. The company has announced the completion of a $27 million USD Series B funding round to help it expand its training platform.
The round was led by GSR Ventures, with participation from Signalfire, Kaiser Permanente Ventures, OCA Ventures, Scrum Ventures, Leslie Ventures and Anorak Ventures. The funding will help Osso VR maintain the rapid growth the company saw during 2020 when multinationals like Johnson & Johnson, Stryker, and Smith & Nephew looked towards digital training models because of the pandemic.
“Osso VR is positioned to transform how surgeons are trained on new devices and surgical procedures,” said Dr. Sunny Kumar, a partner at GSR Ventures in a statement. “The Osso platform’s level of immersion provides an experience that mirrors the operating room in a manner more efficient, more accessible, and more effective than any surgical training platform that’s come before.”
Founded in 2016, Osso VR allows surgeons, sales teams and other trainees within the healthcare profession to safely carry out procedures as many times as they like, all inside a highly realistic training environment. With a surgical training library offering 120+ modules in 10+ specialities, these range from orthopaedics and endoscopy to interventional procedures and more.
“After proving the clinical effectiveness of the platform and its unique ability to scale up to the millions of providers around the world, we are ready to accelerate,” said Justin Barad, MD, CEO and Co-Founder of Osso VR. “With this latest round, we plan to exponentially expand our library and platform so that every patient in the world can have the peace of mind knowing they are getting access to the safest, highest-value procedures.”
Currently deployed in over 20 countries, Osso VR is available in multiple languages and used in hospital residency programs at Brown University, Johns Hopkins University and more. Previously, Osso VR raised $14m in its Series A funding round which also featured GSR Ventures.
As Osso VR continues to improve its training platform, VRFocus will keep you updated.