Osso VR announced that it recently raised $66 million in a Series C financing round as it looks to broaden access to surgical education for healthcare professionals.
Oak HC/FT led the Series C round, while Signalfire, GSR Ventures, Tiger Global Management and Kaiser Permanente Ventures also participated.
San Francisco-based Osso VR said in a news release that the funds will accelerate its surgical education access initiative and bring talent to the company to provide high-fidelity surgical training experiences to more specialty areas.
The company develops on-demand, immersive modules for surgical teams to train independently or collaboratively in a virtual environment before stepping into a real operating room. Medical device companies also use the technology to introduce products digitally and avoid certain challenges associated with traditional educational pathways, such as conflicting schedules, remote staff and costly travel.
Osso VR has more than 150 employees with plans for rapid growth over the coming year. Partners with the company include Johnson & Johnson, Stryker, Zimmer Biomet and Smith+Nephew.
“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,” Osso VR CEO and co-founder Dr. Justin Barad said in the release. “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.”
