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VR training sim developer FundamentalVR has raised $20 million in series B funding. Led by EQT Life Sciences, joined by Downing Ventures, this investment follows a string A round from last October. Between both rounds, the business has successfully raised over $30 million.
FundamentalVRs medical simulation platform, Fundamental Surgery, can be an interesting method of medical training. Using HacpticVR, their patented haptic simulation technology, this program mimics the physical feel of performing surgical procedure. With this particular program, doctors can train from all over the world and present students the true feeling of performing surgery.
Our platform can conduct a walkthrough of an operation through to a complete operation, facilitating surgical skills transfer – which explains why we’ve been enthusiastically embraced through the entire medical industry, from med-device manufacturers to pharmaceuticals, said FundamentalVR co-Founder and CEO Richard Vincent, in a news release. Our immersive environments transform surgical skills acquisition in a scalable, low-cost, multiuser way. We have been excited to scale our vision of fabricating a medical education environment
unhindered by borders.
This latest investment will head to further development, machine learning data insights, and expansion through the entire USA. Drew Burdon, Partner at EQT Life Sciences, will undoubtedly be joining the FundamentalVR board of directors within the transaction.
With increasingly complex surgical treatments, it is very important provide doctors with new options for surgical skills transfer and continued training and education while managing both cost and time burden connected with these activities, said Burdon. HapticVR is really a differentiated approach which includes recently been adopted by way of a amount of high-quality customers, in a brief period of time, demonstrating the worthiness that system can truly add today.
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