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FundamentalVR, developer of VR training simulation games, has raised $20 million in Series B funding. Led by EQT Life Sciences and joined by Downing Ventures, the investment follows a Series A funding round last October. Between the two rounds, the company has managed to raise more than $30 million.
FundamentalVR’s medical simulation platform, Fundamental Surgery, is an interesting approach to medical training. The procedure uses their patented haptic simulation technology HacpticVR, which mimics the physical sensation of performing a medical procedure. With this program, doctors can train anywhere in the world, giving students the real feel of doing surgery.
“Our platform can facilitate the transfer of surgical skills from a rehearsal of a procedure to a full-fledged surgery – which is why we are so popular across the medical industry, from medical devices Manufacturer to drugmaker,” FundamentalVR co-founder and CEO Richard Vincent said in a press release. “Our immersive environment transforms the acquisition of surgical skills in a scalable, low-cost, multi-user way. We are excited to expand our vision to create a medical education environment
This latest investment will be used for further development, machine learning data insights, and expansion across the United States. EQT Life Sciences partner Drew Burdon will join FundamentalVR’s board of directors as part of the transaction.
“As surgical procedures become more complex, provide medical professionals with new methods of surgical skill transfer and continued training and education, while managing the costs and costs associated with these activities. Time burden,” Burdon said. “HapticVR is a differentiated approach that has been adopted by many quality customers in a short period of time, demonstrating the value the system can add today.”
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