This round drew participation from GSR Ventures, Kaiser Permanente Ventures, Oak HC/FT Partners, SignalFire, and Tiger Global Management. Here are the top-line bullets you need to know.
Osso VR, a surgical training tech startup, has raised $66M in a Series C that drew participation from GSR Ventures, Oak HC/FT Partners, and Tiger Global Management, among others.
How’s the company performing?
- California-based Osso VR trains surgeons and other healthcare professionals on various procedures within a virtual environment.
- The company claims that its platform facilitates a 230% to 306% increase in skill transfer.
- Its medical device partners include Stryker, Zimmer Biomet, Johnson & Johnson, and Smith+Nephew.
- The company is currently supported by over 150 employees.
Source: Osso VR
Why does the market matter?
- The virtual reality in healthcare market is expected to grow at a CAGR of 39.98% and reach a value of $42.8B by 2028, according to Verified Market Research.
- The need to elevate procedural accuracy and precision while lowering costs has contributed to market growth.
- Demand for remote and contactless treatment options has increased amid the pandemic.