Osso VR Raises $66 Million Series C

<p><strong><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;strong> &&num;8212&semi; <u>Osso VR<&sol;u>&comma; which operates a virtual reality &lpar;VR&rpar; surgical training and assessment platform&comma; has secured <span class&equals;"xn-money">&dollar;66 million<&sol;span> in Series C funding led by Oak HC&sol;FT&period; The round also includes participation from Signalfire&comma; GSR Ventures&comma; Tiger Global Management and Kaiser Permanente Ventures&period;<&sol;p>&NewLine;<p>The capital will be used to accelerate Osso VR&&num;8217&semi;s initiative to broaden access to surgical education for <u>all healthcare professionals<&sol;u> and continue the investment in hiring top-tier talent to bring high-fidelity surgical training experiences to additional specialty areas&period;<&sol;p>&NewLine;<p>Osso VR produces on-demand&comma; immersive modules that allow surgical teams to train independently or collaboratively in a virtual environment before ever stepping foot into a real operating room&period; Medical device companies also use Osso VR to introduce technology digitally&comma; addressing many challenges of traditional educational pathways &NoBreak;such as conflicting physician schedules&comma; remote staff&comma; and costly travel&period; With Osso VR&comma; more surgeons can practice utilizing complex medical technologies to more rapidly offer their patients access to the best procedures with optimal outcomes&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Oak HC&sol;FT is continuously seeking new opportunities to support innovative companies impacting the healthcare industry in a meaningful way&comma;&&num;8221&semi; said <span class&equals;"xn-person">Vig Chandramouli<&sol;span>&comma; Partner at Oak HC&sol;FT&period; &&num;8220&semi;Osso VR is well positioned to become the gold standard for all surgical training and continuing education&comma; and we&&num;8217&semi;re thrilled to work alongside this impassioned and committed team&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Osso VR currently <u>partners with leading global medical device companies<&sol;u>&comma; including Johnson &amp&semi; Johnson&comma; Stryker&comma; Zimmer Biomet&comma; and Smith &plus; Nephew&period; The company&&num;8217&semi;s modules cover multiple specialty areas&comma; such as orthopedics&comma; spine&comma; interventional cardiology&comma; and general surgery&comma; amongst others&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The future at Osso VR is incredibly bright&period; Each step of the way&comma; we&&num;8217&semi;ve stayed true to our mission to democratize healthcare and seen the results that our platform brings to surgical training and assessment&comma;&&num;8221&semi; said <span class&equals;"xn-person">Justin Barad<&sol;span>&comma; MD&comma; CEO and Co-Founder of Osso VR&period; &&num;8220&semi;This round of investment supports the next step of our journey to provide access to all healthcare professionals&period; I couldn&&num;8217&semi;t be more excited to take this next step with such a talented&comma; passionate team&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The company has more than 150 employees and plans to grow exponentially over the next year&period; Osso VR designs and develops all virtual experiences in-house and has hired talent across an array of industries&comma; including healthcare&comma; technology&comma; movies and gaming&period; The company boasts the largest team of medical illustrators in the world&period;<&sol;p>&NewLine;