Medivis Raises $20M to Advance Surgery with Augmented Reality

Medivis, a company working to establish augmented reality (AR) as the new standard in surgical navigation, announced a $20 million funding round led by Thrive Capital. Other investors include Initialized Capital and Mayo Clinic.
 
Medivis is based in NYC and has partnered with MD Anderson Cancer Center, Providence Health, University of Pittsburgh Medical Center, Northwell Health, and Cincinnati Children’s Hospital. The company has an expanded partnership with the Veterans Health Administration as well.
 
According to the company, the fundraising will be used to scale engineering, gain regulatory clearances, and commercialize along neurosurgery, orthopedic surgery, interventional radiology, and reconstructive surgery.
 
“We started Medivis to usher in a new visual era for medicine through augmented reality. Over the last seven years, we have been creating technology to grant clinicians unprecedented visual guidance during surgical procedures. Ultimately, this technology will facilitate safer procedural care for patients around the world. We are thrilled to have the support of these incredible investors as we continue our journey,” Dr. Osamah Choudhry, Medivis co-founder and neurosurgeon, told the press.
 
“The practice of medicine and the outcomes of people under our care, depend on our ability to gather and utilize data,” added Dr. Christopher Morley, Medivis co-founder and radiologist. “Spatial computing will change every industry, but none more importantly than healthcare, where it will advance the way we perform a wide range of routine and complex interventions. Our partnerships speak to how far the technology has come, the growing market adoption and the paths we see ahead to profound value creation.”
 
Kareem Zaki, a general partner at Thrive Capital, said: “From our first meeting, we’ve been impressed by the team’s vision and ambition to revolutionize medical imaging. We believe that Medivis has the potential to set a new standard for surgical navigation and we’re excited to partner with them as they enter their next stage of growth.”