Osso VR plans to use the funding to expand its training resources. Here are the top-line bullets you need to know.
Osso VR, an surgical training and assessment platform, has raised $27M in a Series B funding round. The round drew participation from SignalFire, GSR Ventures, OCA Ventures, Kaiser Permanente Ventures, and Leslie Ventures, among others.
HOW’S THE COMPANY PERFORMING?
- California-based Osso VR is an on-demand virtual reality surgeon training tool that provides surgeons with an immersive training environment. The company recently expanded its product offerings to include intervention procedures and endoscopy training.
- Osso VR’s platform is used in more than 20 teaching hospitals across 20 countries by thousands of surgeons. About 30,000 training sessions have been completed on the platform.
- The company has teamed up with Johnson & Johnson, Stryker, and Smith & Nephew, and offers over 120 modules covering more than 10 specialties.
Source: Osso VR
WHY DOES THE MARKET MATTER?
- The virtual reality in the healthcare market is projected to grow at a CAGR of 39.98% to reach a value of $42.84B by 2028, according to Verified Market Research.
- The increasing need for digital tools due to COVID-19, technological advancements, increasing accuracy and precision during procedures, and the cost-effectiveness of VR platforms, have all contributed to sector growth.