The surgical training technology developer boosted plans to expand its technology with backing from Kaiser Permanente, taking its total funding to $109m.

Osso VR, the US-headquartered creator of a virtual reality (VR)-based surgical training system, raised $66m yesterday in a series C round featuring healthcare provider Kaiser Permanente. Growth equity firm Oak HC/FT led the round, which included Signalfire, Tiger Global Management and GSR Ventures, while Kaiser Permanente invested through corporate venturing arm Kaiser Permanente Ventures. Founded in 2016, Osso produces VR technology for use in the training and assessment of surgical professionals, currently across a range of practices including orthopaedics, general surgery, spine and cardiology. It will use the series C proceeds to grow its team and expand its training modules to cover more procedures. Kaiser Permanente also took part in the company’s $27m series B round, which was led by GSR Ventures in July 2021 and also backed by Signalfire, OCA Ventures, Scrum Ventures, Leslie Ventures and Anorak Ventures. All the series B investors bar Anorak Ventures had supplied $14m in series A funding in 2020, three years after Osso raised $2m in seed financing from Signalfire and Anorak Ventures. Justin Barad, co-founder and chief executive of Osso, said: “The future at Osso VR is incredibly bright. Each step of the way, we have 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 could not be more excited to take this next step with such a talented, passionate team.” Image courtesy of Osso VR, Inc.

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.