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Founded Year

2016

Stage

Incubator/Accelerator - III | Alive

Total Raised

$2.46M

About ORamaVR

ORamaVR focuses on accelerating the transition to medical XR training, operating in the healthcare and technology sectors. The company offers a platform that enables the creation of high-fidelity medical Extended Reality Simulations, which are used for training and assessing medical professionals. These services are primarily utilized by healthcare institutions, medical technology companies, and medical training centers. ORamaVR was formerly known as ovidVR. It was founded in 2016 and is based in Geneva, Switzerland.

Headquarters Location

Route de la Galaise 34 #135-340, Plan-les-Ouates

Geneva, 1228,

Switzerland

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ORamaVR's Product Videos

ESPs containing ORamaVR

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Care Delivery & Navigation Tech

The virtual reality (VR) surgical training market refers to the segment of the healthcare industry that simulates surgical procedures for medical training purposes. VR simulations have been scientifically proven to be as effective in hard and soft skill knowledge transfer as traditional methods. The market provides medical device companies with new technology to train and assess surgeons on advanc…

ORamaVR named as Leader among 10 other companies, including Osso VR, ImmersiveTouch, and Vantari VR.

ORamaVR's Products & Differentiators

    MAGES SDK

    Our award-winning MAGES SDK authoring platform, running over Unity and Unreal, is a collection of software tools, libraries, sample-apps, examples, and guides for content creators and developers to author the most compelling, complex, and high-fidelity medical VR training simulations currently possible. Simulations are also adaptable to flat screens.

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Expert Collections containing ORamaVR

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ORamaVR is included in 2 Expert Collections, including AR/VR.

A

AR/VR

1,443 items

This collection includes companies creating hardware and/or software for augmented reality, virtual reality, and mixed reality applications.

D

Digital Health

10,804 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

Latest ORamaVR News

Can Virtual Reality change medical training? Interview with Prof. George Papagiannakis, Co-Founder and CEO of ORamaVR

Jan 18, 2023

Interview with Prof. George Papagiannakis, Co-Founder and CEO of ORamaVR George Papagiannakis , Co-Founder and CEO of ORamaVR , introducing the unique benefits of Virtual Reality medical training and how ORamaVR is tackling a major health crisis How did a Professor of Computer Science decide to set on a mission to enable global access to affordable surgical care? Throughout my career I have been tackling challenging scientific visualization problems via computational science. After becoming tenured as a professor, I decided to focus on societal problems with high impact and contribute as much as I can in “making the world a better place through science”. Thus, the focus on life sciences and the hard problem of how to improve education and training of medical professionals, a practice that has not been changed in the last 150 years, despite the immense technological advances. How is Virtual Reality tackling the health crisis? Currently almost 5B people globally lack access to affordable surgical care. This health crisis is the direct result of a lack of innovation in medical training over the last 150 years that has meant that the profession can’t keep up with the demand. The WHO is projecting that by 2030, there will be a staggering deficit of 18 million medical professionals. Meanwhile, the number of fatal medical errors keeps rising due to the fact that medical training is highly intensive: a master/ educator operates on a patient and the trainee/ apprentice observes and learns on-the-job, often practicing on real patients. Medical virtual reality (VR) training can change all that. Clinical studies have proven that medical VR training improves patient outcomes; however, current VR content creation cannot keep up with the demand, due to: a) lengthy content creation times b) high authoring costs and c) a very large number of different medical operations that need to be simulated in VR. How is ORamaVR changing the Medical Metaverse and how can institutions like hospitals benefit from your technology? ORamaVR’s mission is to accelerate the World’s transition to medical VR training. We are committed to improving global health care and well-being by transforming how medical VR is being created (tools), not just how it is being experienced (content). What radically differentiates us is that we democratize medical VR content creation through our MAGES Software Development Kit platform, instead of designing 1 simulation at a time, significantly accelerating the word’s transition to a new era of medical VR training. By providing affordable access to its MAGES SDK platform, ORamaVR directly empowers content creators and medical institutions to mass produce high fidelity medical VR training simulation content rapidly and for a fraction of the cost without having to outsource to specialized producers. Through these state-of-the-art simulations, hospitals, medical device companies, medical schools and medical training centres can train and assess their medical professionals. The outstanding benefits of this award-winning platform (MAGES SDK) have been demonstrated in 4 published clinical trials. Aside from drastically reducing development costs and delays, the platform has been proven to provide effective skills transfer from the virtual to the real operating table. How do you see the future of ORamaVR? Our master plan at ORamaVR is to empower key medical institutions, med-device companies, and content creators to rapidly create medical VR training content by themselves using our SDK, using a SaaS B2B model. By using that revenue we are going to further evolve our existing low-code medical VR training SDK into an affordable no-code platform. Thus, allow the critical mass of MAGES SDK users to populate a carefully curated and scientifically validated marketplace of high-fidelity medical VR training simulations to facilitate mass adoption. Dr. George Papagiannakis, Co-founder and CEO/CTO of ORamaVR is a computer scientist specialised in computer graphics systems, extended reality algorithms and geometric computational models. His academic credentials include serving as Professor of Computer Graphics at the Computer Science department of the University of Crete, Greece, as Affiliated  Research Fellow at the Human Computer Interaction Laboratory of the Institute of Computer Science in the Foundation for Research and Technology Hellas, Heraklion, Greece,  where he leads the CG Group and as visiting Prof of CS at the University of Geneva. He has more than 100 publications in the field, and he is a member of CGS (Board Member), IEEE, Eurographics, ACM and SIGGRAPH professional societies. In 2011 he was awarded a Marie-Curie Intra-European Fellowship for Career Development from the European Commission’s Research Executive Agency. He was conference chair of the Computer Graphics International 2016 Conference, in cooperation with CGS, ACM, ACM SIGGRAPH and Eurographics Associations. In 2017 he published a Springer-Nature book on Mixed Reality and Gamification which achieved more than 77.000 downloads so far. His pioneering research has attracted more than 2M EUR external funding at FORTH-ICS and more than 3.3M external R&D funding at ORamaVR.

ORamaVR Frequently Asked Questions (FAQ)

  • When was ORamaVR founded?

    ORamaVR was founded in 2016.

  • Where is ORamaVR's headquarters?

    ORamaVR's headquarters is located at Route de la Galaise 34, Geneva.

  • What is ORamaVR's latest funding round?

    ORamaVR's latest funding round is Incubator/Accelerator - III.

  • How much did ORamaVR raise?

    ORamaVR raised a total of $2.46M.

  • Who are the investors of ORamaVR?

    Investors of ORamaVR include Innosuisse Scale-up Coaching program, Fongit Seed Invest, Horizon Europe, European Commission, FORTH-ICS and 6 more.

  • Who are ORamaVR's competitors?

    Competitors of ORamaVR include FundamentalVR and 3 more.

  • What products does ORamaVR offer?

    ORamaVR's products include MAGES SDK and 2 more.

  • Who are ORamaVR's customers?

    Customers of ORamaVR include VirtaMed A.G., Inselspital University Hospital Bern/ eEmergency Medicine , Western Governors University College of Health Professions and Non Nocere.

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Compare ORamaVR to Competitors

Osso VR Logo
Osso VR

Osso VR runs a company focusing on providing virtual reality solutions. The company's main offerings include a surgical training and assessment platform allowing healthcare professionals and medical device companies to practice and learn new skills and procedures in an immersive environment. The company primarily serves the healthcare industry. It was founded in 2016 and is based in Millbrae, California.

P
Precision OS Technology

Precision OS Technology is a company that focuses on the development of virtual reality (VR) solutions in the healthcare sector. The company's main offerings include VR surgical training and simulators, which provide a realistic and immersive learning platform for surgical education. These services are primarily targeted towards residency programs and medical device companies. It was founded in 2017 and is based in Vancouver, British Columbia.

FundamentalVR Logo
FundamentalVR

FundamentalVR is a company that focuses on the development of virtual reality (VR) and haptic technology for the healthcare sector. The company offers a platform that provides immersive VR training for healthcare professionals, simulating the sensations of various medical procedures and interactions with surgical tools and medical devices. The platform is primarily used by healthcare teams, sales and clinical support teams, and marketing and HR teams in the healthcare industry. It was founded in 2012 and is based in London, England.

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Vantari VR

Vantari VR serves as a health technology company that specializes in the healthcare sector. The company offers virtual reality training for healthcare professionals, including clinicians, nurses, and students, providing a safe and scalable environment for practicing medical procedures. Vantari VR primarily serves the healthcare industry. It was founded in 2018 and is based in Sydney, Australia.

Aris MD Logo
Aris MD

Aris MD is an immersive reality company specializing in augmented and virtual reality technology within the healthcare sector. Their main offerings include overlaying diagnostic images such as MRI, CT, X-ray, and Ultrasound onto patients during surgery for enhanced surgical guidance, and a virtual reality system for surgical practice and medical education. The company's technology is primarily utilized by the healthcare industry, including surgical teams and radiologists, to improve the accuracy and efficiency of medical procedures. It was founded in 2015 and is based in Edmonton, Alberta.

8chili Logo
8chili

8chili enables remote collaboration for surgeries, telesurgical training, and tela-surgeries. It develops a device utilizing mixed reality, machine vision, and artificial intelligence (AI) to deliver a collaborative remote experience for surgical training and surgeries. The company was formerly known as AugMx. It was founded in 2019 and is based in San Ramon, California.

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