Backed by Kaiser, Osso VR Raises $14M for VR Surgical Training Platform

Led by Kaiser, Osso VR Raises $14M for VR Surgical Training PlatformLed by Kaiser, Osso VR Raises $14M for VR Surgical Training Platform

What You Should Know:

– Osso VR raises $14M in Series A funding led by Kaiser
Permanente Ventures (KPV) to expand its virtual reality (VR) surgical training
platform.

– Using immersive VR technology, Osso VR’s scalable platform offers a realistic, hands-on training environment that leads to real-world performance gains and ultimately improved patient outcomes.


Osso VR, a Palo Alto, CA-based validated Virtual Reality (VR) surgical training platform, today announced it has raised $14M in Series A funding, led by Kaiser Permanente Ventures, with participation from SignalFire, GSR, Scrum Ventures, Leslie Ventures, and OCA Ventures.

Transforming Surgical Training and Assessment

Led by Kaiser, Osso VR Raises $14M for VR Surgical Training PlatformLed by Kaiser, Osso VR Raises $14M for VR Surgical Training Platform

Founded in 2016 by UCLA and Harvard trained orthopedic
surgeon Justin Barad, MD, Osso VR is an award-winning, clinically validated
surgical training platform designed for medical device companies, practicing
surgeons, residents and medical students of all skill levels. Using immersive
VR technology, the scalable platform offers a realistic, hands-on training
environment that leads to real world performance gains and ultimately improved
patient outcomes. Osso VR is the first training platform to incorporate
assessment into its modules, objectively measuring the trainee’s knowledge of
steps, level of precision and overall efficiency throughout the procedure
providing a benchmark for proficiency.

Recent Traction/Milestones

Led by Kaiser, Osso VR Raises $14M for VR Surgical Training PlatformLed by Kaiser, Osso VR Raises $14M for VR Surgical Training Platform

Osso VR’s
platform has become integral to surgical training programs worldwide, currently
used by 20+ leading teaching hospitals and 11 top medical device companies in
20 countries. It recently debuted its new platform with an exceptional level of
visual fidelity surrounding every aspect of surgery, from anatomical detail to
the OR environment. This novel, cinema-quality immersive experience is a result
of Osso VR’s unique creative team makeup, consisting of the world’s largest
medical illustration team and alums from Industrial Light & Magic,
Electronic Arts, Microsoft, and Apple. In a recent validation study, surgeons
training with Osso VR showed a 230 percent improvement in overall surgical
performance. 

“Being on the frontlines as a provider gives me a daily reminder that we are facing an accelerating challenge with how we train for and practice procedures in medicine,” said Barad. “We set out from day one with a focused mission: to improve patient outcomes, increase the adoption of higher value medical technology, and democratize access to surgical education around the world. Osso VR has done so much in such a short amount of time, yet we have much more to do. With strategic partners like Kaiser Permanente Ventures, we are ready to work together to ensure that patients all around the world have safe access to the best care.”

Why It Matters

Osso VR joins the other digital health startups that have
been widely reported to have fared well despite the pandemic. It’s VR-based
surgical training platform has experienced a surge in interest from hospitals,
residencies and medical device companies as traditional training opportunities
were completely cut off by COVID-19. Now, surgeons meet in virtual reality to
train and keep their skills fresh – something a recent University of Chicago
study on Osso VR found significantly impacted successful completion rates for
surgery.

“I’ve had the opportunity to be on the forefront of healthcare innovation for many years now, and I’ve been witness to accelerating challenges around technical training for healthcare professionals,” said Bryan Sivak, board member and former CTO for the U.S. Dept. of Health & Human Services. “The global pandemic has significantly exacerbated these challenges, and Osso VR has created a unique, specialized platform that can solve this problem at scale, providing a level of access and maintenance of quality for technical performance in healthcare that up until now had not been possible.”


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