A Vancouver-based firm that specializes in training surgeons through virtual reality has completed a venture capital raise to the tune of $2.3 million.
Precision OS announced November 15 the Series A funding round was led by AO Invest. Other undisclosed investors also participated.
“Precision OS technology is working to create a virtual language able to add depth of understanding that simply cannot be achieved using current simulation tools,” Precision OS co-founder and CEO Dr. Danny Goel, an orthopedic surgeon by trade, said in a statement.
“Adopting VR as a way of improving decision-making is directly relevant for patients and value-based care.”
Precision OS produces what it calls “the most immersive and realistic form of deliberate surgical practice.”
It’s now in the midst of developing a tool allowing surgeons to introduce images of a specific patient’s anatomy to the software before conducting a procedure.
Funding is also being used to bolster distribution partnerships and create additional content for trainees.
The company, which was founded in 2017, is among the 200-plus firms developing VR applications that have sprung up in Metro Vancouver over the past three years.
Switzerland-based AO Invest is the venture capital arm of the AO Foundation, a network of more than 19,000 surgeons and scientists in orthopedics and trauma.
