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AugMedics

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Augmented reality surgical guidance system for spine surgery

Arlington Heights, United StatesFounded 2014Health Tech & Medtech

Valuation $250–500M Last recorded · 2023

Revenue $10–50M Latest reported FY

Headcount <100 Current team size

Total funding $100–500M Disclosed equity funding

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About AugMedics

Augmedics is a pioneering startup in the medical technology sector that has developed a revolutionary surgical guidance system. The company's flagship product, the xvision system, is designed to enhance the precision and safety of surgical procedures. It operates in the healthcare market, specifically targeting surgeons and hospitals as its primary clients.

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The xvision system is a wearable technology that projects 3D anatomical details and instrument information onto a heads-up display for the surgeon. This allows surgeons to see through the patient's body as if they had "x-ray vision", enabling them to accurately guide instruments and implants in real time. The system also eliminates the need for surgeons to shift their attention to a separate screen, potentially reducing radiation exposure from traditional fluoroscopy-based procedures.

Augmedics' business model is based on selling this innovative technology to hospitals and surgical centers. The company makes money by selling the xvision system and potentially offering ongoing support and updates for the system. The technology has demonstrated a high level of accuracy, with a 99.1% overall percutaneous screw placement accuracy rate.

In summary, Augmedics is a trailblazer in the medical technology industry, providing a groundbreaking solution that enhances surgical precision and safety. Its innovative product, the xvision system, is set to revolutionize surgery by providing surgeons with unprecedented visual information during procedures.

Source: Dealroom company data