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Augmedics Employees Lead $15 Million Series B Financing to Secure and Successfully Launch Company Amid COVID-19 Crisis

RECENTLY ACQUIREDJun 15, 2020

Amount Raised

$15 Million

Round Type

Series B

ChicagoHealthcare

Description

Augmedics, a pioneer in augmented reality surgical image guidance, has raised $15 million in Series B financing, led by its U.S. staff. In a nearly unprecedented move, the company’s employees formed limited liability company AUG Management LLC to raise $4 million in an effort to secure and successfully launch the company as venture capital (VC) all but evaporated during the COVID-19 pandemic.

Quick answer

Augmedics raised $15 Million in a Series B round, dated June 15, 2020. Augmedics is based in Chicago, Illinois, United States.

How much did Augmedics raise?
Augmedics raised $15 Million in a Series B round on June 15, 2020.
What does Augmedics do?
Augmedics pioneers cutting-edge augmented reality technologies to improve surgical outcomes.
Where is Augmedics based and how big is it?
Augmedics is based in Chicago, Illinois, United States. Fundz records about 128 employees.
Who are the decision-makers at Augmedics?
Fundz holds 5 contacts at Augmedics, including the HR EVP and Israel Site Leader. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare around the same time

Companies in the same sectors as Augmedics that raised within 45 days of this round, from Fundz verified event records.

  • NC8, Inc. raised $25M on July 30, 2020.
  • i-Lumen Scientific raised $750K (Seed) on July 30, 2020.
  • Verona Pharma plc raised $200M on July 30, 2020.
  • Spesana Inc. raised $1M (Seed) on July 29, 2020.
  • Nuvaira raised $17M on July 29, 2020.
  • CurvaFix raised $45M (Series B) on July 29, 2020.

Who to call at Augmedics, and when

A new round usually means Augmedics is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Augmedics raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Augmedics, from your own LinkedIn network

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Company Information

Company

Augmedics

Location

21 S. EVERGREEN AVENUE

Chicago, Illinois, United States

About

Augmedics pioneers cutting-edge augmented reality technologies to improve surgical outcomes. The company’s revolutionary xvision Spine System® allows surgeons to see patients’ anatomy as if they have “x-ray vision” and accurately navigate instruments and implants during spine procedures. The first-of-its-kind, FDA-cleared xvision has been used to treat over 8,500 patients and implant more than 45,000 pedicle screws across 25 US states. Augmedics has received numerous awards and honors.

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Related People

5 contacts
Verified contactsChen L., HR EVP and Israel Site Leader hiddenSee plans and pricing
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ML-powered predictions for Augmedics's next move

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Augmedics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.