MediView XR, Inc., a clinical augmented reality med-tech firm, has secured $15M in strategic funding from top institutions including Mayo Clinic, Cleveland Clinic, GE HealthCare, JobsOhio Capital Growth Fund, Inside View Investments, LLC, and KKVS Syndicate.
Additional commitments have been made for the next funding round.
The company utilizes augmented reality in surgical navigation, providing medical professionals with a 3D “X-Ray vision” for minimally invasive procedures.
The funding will facilitate the expansion of MediView’s multi-tier platform, further product development, clinical evidence generation, and facilitate product launches.
“We are energized by the backing of influential and strategic investment collaborators spanning healthcare, industry, financial and government sectors,” said Mina S. Fahim, President and CEO of MediView.
MediView has raised approximately $29.5M to date. This funding round demonstrates the growing recognition of the value of mixed reality solutions in clinical settings.
MediView’s technologies aim to democratize healthcare by improving access and addressing health equity challenges in underserved communities.
“Cleveland Clinic Innovations prides itself on fostering new ways to advance patient care. Our recent investment in MediView aligns with our focus on innovative technologies,” said Geoff Vince, Executive Director of Cleveland Clinic Innovations.
MediView also recently entered a know-how agreement with Mayo Clinic to advance clinical extended reality solutions.
It has also partnered with GE HealthCare to integrate medical imaging into mixed reality solutions for the interventional space.
BusinessNewsAsia