FundamentalVR Receives $20 Million Funding for Fundamental Surgery Medical Simulator

VR training sim developer FundamentalVR has raised $20 million in Series B funding. Directed by EQT Life Sciencesaccompanied by Taking down ventures, this investment follows a Series A round last October. Between the two rounds, the company has successfully raised more than $30 million.

FundamentalVR’s medical simulation platform, Basic Surgery, is an interesting approach to medical education. Using HacpticVR, their proprietary haptic simulation technology, the program mimics the physical sensation of performing medical procedures. This program allows doctors around the world to train and give students the real feeling of performing surgery.

“Our platform can progress from one procedure to full surgery, facilitating the transfer of surgical skills.” CEO Richard Vincent, in a press release. “Our immersive environments transform surgical skill acquisition in a scalable, low-cost way for multiple users. We are excited to expand our vision of creating a medical education environment
unimpeded by borders.”

This latest investment goes toward further development, machine learning data insights, and expansion in the United States. Drew Burdon, partner at EQT Life Sciences, will join FundamentalVR’s board of directors as part of the transaction.

“With increasingly complex surgical procedures, it is important to provide medical professionals with new methods of transferring surgical skills and ongoing training and education, while managing both the costs and time constraints associated with these activities,” said Burdon. “HapticVR is a differentiated approach that has already been adopted by a number of high-value customers in a short time and demonstrates the value this system can add today.”