# Osso VR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/osso-vr

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.ossovr.com
- Total disclosed funding: $109M
- Latest round: Series C (Mar 24, 2022)
- Investors on record: 10

## About

Osso VR Inc is a technology company specializing in immersive, data-driven extended reality (XR) training solutions for the healthcare sector, enhancing education and training for healthcare professionals on medical devices and treatments.Founded in 2016 in San Francisco, US, Osso VR Inc provides immersive training solutions for the healthcare sector. The company was co-founded by Justin Barad and Matthew Newport, with Justin Barad serving as the CEO. Osso VR has successfully raised USD 66.000 mn in its most recent funding round, Series C, on March 24, 2022, led by Oak HC/FT Partners, with participation from Tiger Global Management and others. The total amount raised by the company is USD 66.000 mn, and its current valuation stands at USD 193.952 mn.Osso VR specializes in delivering immersive, data-driven extended reality (XR) training solutions tailored for the healthcare sector. Their core product offerings include custom-developed virtual reality (VR) modules aimed at early career healthcare professionals (HCPs), which facilitate the training on modern medical devices and pharmaceutical treatments. These modules are designed to enhance product education, streamline procedural workflows, and improve knowledge retention among users. The company’s solutions are utilized by leading healthcare companies and hospital systems globally, focusing on markets such as North America, Europe, and Asia. Osso VR's training tools combine artistic design with clinical accuracy, addressing the complexities of healthcare education and enabling providers to engage effectively with new technologies.Osso VR operates on a B2B model, providing its XR training solutions primarily through enterprise partnerships with healthcare companies and institutions. Revenue is generated through subscription-based access to their Osso Enterprise and Osso Academy platforms, which offer scalable training solutions that meet the demands of various healthcare organizations. Clients can engage in multi-year contracts that encompass comprehensive training packages, including access to analytics tools for tracking proficiency metrics and program performance. These partnerships are typically structured to ensure ongoing support and updates, enhancing the value delivered to healthcare providers throughout the product lifecycle. Specific pricing plans may align with the scale of the implementations and the extent of features offered in their flagship products, which include award-winning, clinically validated XR experiences.In March 2022, Osso VR Inc raised USD 66.000 mn in Series C funding led by new investor Oak HC/FT Partners, with participation from another new investor Tiger Global Management. The company will use the funding to accelerate its initiative to broaden access to surgical education for all healthcare professionals and continue the investment in hiring new talent. Future plans include the launch of new products designed to enhance training capabilities, with specific timelines to be determined. Additionally, Osso VR is targeting expansion into new markets across North America, Europe, and Asia, aiming to enhance their presence in these regions by the end of 2023.

## Funding rounds

- Series C, Mar 24, 2022, $66M — GSR Ventures, Tiger Global Management, Kaiser Permanente Ventures, Oak HC/FT, SignalFire
- Series B, Jul 1, 2021, $27M — GSR Ventures, OCA Ventures, Kaiser Permanente Ventures, Scrum Ventures, SignalFire, Anorak Ventures, Leslie Ventures
- Series A, Sep 21, 2020, $14M — GSR Ventures, OCA Ventures, Kaiser Permanente Ventures, Scrum Ventures, SignalFire, Leslie Ventures
- Seed, Jun 14, 2017, $2M — SignalFire, Anorak Ventures
- Seed, Aug 1, 2016 — Presence Capital

## Investors

- Presence Capital (https://capitalatlas.ai/funds/presence-capital) — Seed
- SignalFire (https://capitalatlas.ai/funds/signalfire) — Seed, Series A, Series B, Series C
- Anorak Ventures (https://capitalatlas.ai/funds/anorak-ventures) — Seed, Series B
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A, Series B, Series C
- OCA Ventures (https://capitalatlas.ai/funds/oca-ventures) — Series A, Series B
- Kaiser Permanente Ventures (https://capitalatlas.ai/funds/kaiser-permanente-ventures) — Series A, Series B, Series C
- Scrum Ventures (https://capitalatlas.ai/funds/scrum-ventures) — Series A, Series B
- Leslie Ventures (https://capitalatlas.ai/funds/leslie-ventures) — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series C