# Precision OS Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/precision-os-technology

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: www.precisionostech.com
- Total disclosed funding: $2.3M
- Latest round: Series A (Nov 14, 2018)
- Investors on record: 1

## About

Precision OS Technology is a pioneering company in virtual reality (VR) surgical training, specializing in immersive simulation technologies designed to enhance the education and preparedness of surgical residents.Founded in 2017 and headquartered in Vancouver, Canada, Precision OS Technology focuses on developing VR surgical training solutions. The company was co-founded by Colin O'Connor, Danny Goel, and Roberto Oliveira, with Danny Goel serving as the CEO. Precision OS Technology raised USD 2.3 mn in Series A funding on November 14, 2018, led by AO Invest, marking the first investment round for the company.PrecisionOS specializes in virtual reality (VR) surgical training and simulation technologies designed to enhance the education of surgical residents. Their core offerings include a modular VR curriculum that integrates advanced simulations to replicate real operating room (OR) experiences, enabling users to gain a comprehensive understanding of surgical procedures through case-based learning. PrecisionOS aims to address the growing concern of reduced hands-on experience among surgical residents, as evidenced by a significant percentage of trainees feeling unprepared for independent practice upon completing their residency. The company serves a diverse clientele, including surgical residency programs, medical device manufacturers, and educational institutions across North America, Europe, and Asia, providing a robust training solution that equips surgeons with the necessary skills to navigate an evolving medical landscape.The revenue model for PrecisionOS is structured around B2B transactions, primarily through partnerships with surgical residency programs and medical device companies. Clients typically engage the company for access to its flagship VR training platforms, which involve subscription-based services that allow hospitals and educational institutions to incorporate virtual surgical training into their curricula. The pricing structure includes fees associated with the implementation of the VR systems and ongoing access to updates and additional training modules. PrecisionOS’s offerings are tailored to meet the specific needs of its clients, thereby fostering a reliance on their advanced training solutions to enhance surgical education and skill acquisition.Following the most recent funding round in November 2018, Precision OS Technology plans to utilize the USD 2.3 mn raised to expand its product offerings and enhance its technological capabilities. The company is currently designing innovative VR solutions aimed at further improving surgical training efficiency and effectiveness. Additionally, Precision OS Technology is targeting expansion into markets across Europe and Asia, with plans to establish a stronger presence in these regions by 2023. These initiatives are part of a broader strategy to increase their footprint in the surgical education sector globally.

## Funding rounds

- Series A, Nov 14, 2018, $2.3M — AO Invest

## Investors

- AO Invest (https://capitalatlas.ai/funds/ao-invest) — Series A