FundamentalVR, a VR training sim developer, has raised $20 million in series B funding. Directed by EQT Life Sciences and joined by Downing Ventures, this investment follows a series A round from last October. Between both rounds, the company has successfully raised over $30 million.
FundamentalVR, a medical simulation platform, is an interesting approach to medical training. By utilizing HacpticVR, the company's advanced haptic simulation technique, the program mimics the physical sensation of performing medical procedures. With this program, doctors can train from anywhere in the world, giving students the real experience of performing surgery.
In a press release, FundamentalVR's immersive environments enable surgical skills acquisition in a flexible, low-cost, multi-user way. We're excited to expand our vision of creating a medical education environment that isn't borders.
This latest investment will include further development, machine learning data insights, and expansion throughout the United States. Drew Burdon, a partner at EQT Life Sciences, will join the FundamentalVR board of directors as part of the transaction.
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Despite the rapid progress of surgical procedures, it is important to provide medical professionals with new methods for surgical skill transfer and continuing training and education, despite the progress of a number of high-quality patients in a matter of time. HapticVR is a differentiated strategy which has already been adopted by a number of high-quality customers, in a short period of time, demonstrating the value that this system can add today.