Osso VR raises $66m and plans hiring spree - Main 1

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Osso VR will use $66 million of series C funding to add top-tier talent to what’s already the largest team of medical illustrators in the world

Quick read
➨ VR training provider Osso VR has completed a series C funding round worth $66 million
➨ The company plans to use the capital to hire “top-tier talent to bring high-fidelity surgical training experiences to additional specialty areas”
➨ Oak HC/FT led the series C funding round, with participation from Signalfire, GSR Ventures, Tiger Global Management and Kaiser Permanente Ventures

The story

Virtual reality (VR) training provider Osso VR has completed a series C funding round worth $66 million.

The San Francisco, California-headquartered company, which produces on-demand VR training modules for surgical personnel with in-built assessment, plans to use the capital to hire “top-tier talent to bring high-fidelity surgical training experiences to additional specialty areas”.

Osso VR currently has more than 150 employees and plans to grow exponentially over the next year.

The high-quality visuals of its VR simulations are a big hook for its customer base of medical device companies, which include Johnson & Johnson, Stryker, Zimmer Biomet, and Smith + Nephew.

They utilise Osso VR’s platform to train surgeons and support staff on their surgical systems across specialties such as orthopaedics, spine, interventional cardiology, and general surgery, with top-notch graphics considered fundamental to realistic and effective training.

Osso VR designs and develops all of its VR simulations in-house and has tapped industries such as movies and gaming to hire the best talent in this area. The company claims to have the largest team of medical illustrators in the world.

Justin Barad MD, chief executive officer and co-founder of Osso VR, commented: “The future at Osso VR is incredibly bright. Each step of the way, we’ve stayed true to our mission to democratise healthcare and seen the results that our platform brings to surgical training and  assessment.”

“This round of investment supports the next step of our journey to provide access to all healthcare professionals. I couldn’t be more excited to take this next step with such a talented, passionate team.”

Oak HC/FT led the series C funding round, with participation from Signalfire, GSR Ventures, Tiger Global Management and Kaiser Permanente Ventures. It follows the company’s series B round last year, worth $27 million.

Vig Chandramouli, partner at Oak HC/FT, said: “Oak HC/FT is continuously seeking new opportunities to support innovative companies impacting the healthcare industry in a meaningful way.”

“Osso VR is well positioned to become the gold standard for all surgical training and continuing education, and we’re thrilled to work alongside this impassioned and committed team.”

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Image: Osso VR

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