Osso VR Raises $66 Million in a Series C Funding Round
The company will use the capital to expand its team and broaden access to its VR surgical training platform.
San Francisco-based virtual reality medical training platform Osso VR announced it has raised $66 million in a Series C funding round. The round was led by Oak HC/FT with the participation of GSR Ventures, Signalfire, Tiger Global Management, and Kaiser Permanente Ventures.
The funding will go towards broadening access to the company's surgical training platform as well as expanding its staff.
Founded in 2016 by Harvard graduate and practicing surgeon Justin Barad, MD, Osso VR currently employs more than 150 people, and the team is about to grow as the company is recruiting new talent across various industries including healthcare, technology, movies, and gaming.
Osso VR offers 120 training modules (with 50 more in production) that allow surgical teams to train in a virtual environment before entering a real operating room. Osso VR also has a number of partnerships with global medical device companies such as Johnson & Johnson, Stryker, Zimmer Biomet, and Smith + Nephew that use Osso VR to introduce technology digitally.
The company has recently won the prestigious SXSW Innovation Award for VR, AR, and MR technologies.
"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 Osso VR CEO Justin Barad. "This round of investment supports the next step of our journey to provide access to all healthcare professionals. I couldn't be more excited to take this next step with such a talented, passionate team."
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