Amsterdam-based Augmedit, a medical software company that develops augmented reality (AR) tools for surgeons has raised more than €1M in its Seed round.
The investment came from a consortium of Dutch and Swiss informal investors and the US-based venture capital fund Revere Partners.
Augmedit says it will use the funds to obtain CE certification and FDA clearance of its beachhead products for neurosurgeons as well as to scale up its technology to high volume/high impact applications outside of neurosurgery in both Europe and the US.
The company has also been granted €1.7M non-dilutive funding through the EIC Accelerator programme.
Augmedit introduced a complete and intuitive Augmented Reality workflow for clinical practice with its LumiNE light and LumiNE Elite applications.
“LumiNE light is CE certified software that automatically generates holograms out of medical imaging for surgical preparation and patient education. The LumiNE Elite software projects these holograms on the patient in the operation room with a surgical plan to guide the surgeon. This holographic experience improves the insight of surgeons, making surgery safer and driving massive cost savings for medical institutions,” says the company.
According to Augmedit, the EIC funding will be used to finalise LumiNe Elite developments and CE certify this software. It will also be used to accelerate the sales of the current LumiNe light software for surgical preparation and patient education.
Augmedit was founded in 2018 by Tristan van Doormaal – a neurosurgeon, Tom Mensink – AR specialist, and Claartje Ypma – a medtech entrepreneur. Augmedit introduces a complete and intuitive Augmented Reality (AR) workflow for clinical practice.
The company’s aim is to provide safe, reliable, affordable, and easy-to-work-with holograms. It looks to prepare better-individualized treatment plans, collaborate towards more effective surgical procedures in unprecedented ways, train medical staff, and visually engage and educate patients and their families.
Read more on Tech Gist Africa:
Amsterdam-based mental health startup OpenUp bags €15M
Amsterdam-based Docflow raises €1.3M
Amsterdam’s Vosbor raises €6.8M for its Agricultural Commodity Trading Platform