How much did FundamentalVR raise?

FundamentalVR raised $20 Million in a Funding Round round on August 11, 2022.

Medical Simulation Platform Fundamentalvr Raises $20M To Help Surgeons Learn Through Vr

PRIVATEAug 11, 2022

Amount Raised

$20 Million

Round Type

Funding Round

CanadaBiotechnologySoftwareHealth CareMedical DeviceVirtual Reality

Description

FundamentalVR, an immersive simulation platform for medical and health care professions, has raised $20 million in a round of funding to “accelerate skill-transfer and surgical proficiency” through virtual reality (VR) and mixed reality (MR) applications.

Quick answer

FundamentalVR raised $20 Million in a Funding Round round, dated August 11, 2022. FundamentalVR is based in Canada.

How much did FundamentalVR raise?: FundamentalVR raised $20 Million in a Funding Round round on August 11, 2022.
What does FundamentalVR do?: At the heart of the company’s so-called Fundamental Surgery platform is what it calls HapticVR, which makes virtual procedures more life-like through physical sensory feedback — HapticVR is compatible with myriad..
Where is FundamentalVR based and how big is it?: FundamentalVR is based in Canada.

Source: Fundz verified event record.

Who else raised in Medical Device and Virtual Reality around the same time

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

Surgimate raised an undisclosed amount (Corporate Round) on September 20, 2022.
Medical Microinstruments raised $75M (Funding Round) on July 20, 2022.
US Medical Innovations raised $10M (Post-IPO Equity) on September 21, 2022.
Embody raised $10M (Series C) on September 20, 2022.
TransMedics Group raised $60M (Debt Financing) on September 15, 2022.
TRiCares raised $47M (Series C) on September 15, 2022.

Who to call at FundamentalVR, and when

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Company Information

Company

FundamentalVR

Location

Grays Inn Road

Canada

About

At the heart of the company’s so-called Fundamental Surgery platform is what it calls HapticVR, which makes virtual procedures more life-like through physical sensory feedback — HapticVR is compatible with myriad handheld devices including haptic gloves and purpose-built controllers.FundamentalVR: Ocular gene therapy simulationIt’s worth noting that the company can provide the hardware when specific partners and institutions require that as part of a commercial agreement, but for the most part FundamentalVR is the engine and interface for companies’ own existing hardware — this includes VR headsets such as Oculus Quest and HTC Vive, as well as MR platforms such as Holo Lens and Magic Leap.“It is designed to be hardware-agnostic, and able to work with any laptop, VR headset and haptic equipment that is readily available on the open market on Amazon or specialist electrical stores,” FundamentalVR CEO Richard Vincent explained to TechCrunch. The company has now raised just over $30 million in total. FundamentalVR’s customers include medical institutions, device manufacturers, and even pharmaceutical firms bringing new therapies to market — this includes Swiss-American multinational Novartis, which used FundamentalVR to create a haptic simulation for a sub-retinal injection. Founded out of London in 2012, FundamentalVR is a software-as-a-service (SaaS) platform that combines VR with haptics to enable medical processionals to access training such as orthopedic joint / spine procedures; anterior total hip replacement (A-THR); posterior total hip replacement (P-THR); total knee replacement (TKA); facetectomies; and more.

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

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