About Fundamental Surgery
Fundamental Surgery is a company based in Boston (United States) founded in 2012 by Richard Vincent and Christopher Scattergood.. Fundamental Surgery has raised $39.61 million across 6 funding rounds from investors including EQT, Downing and Founders Factory. The company has 53 employees as of December 31, 2021. Fundamental Surgery offers products and services including HapticVR, StandaloneVR, CollaborationVR, and Data Dashboard. Fundamental Surgery operates in a competitive market with competitors including Neocis, Oxford Medical Simulation, Osso VR, SimX and Proximie, among others.
- Headquarter Boston, United States
- Employees 53 as on 31 Dec, 2021
- Founders Richard Vincent, Christopher Scattergood
- Stage Minicorn
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Fvrvs Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.61 M (USD)
in 6 rounds
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Latest Funding Round
$5 M (USD), Series B
Oct 23, 2024
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Investors
EQT
& 9 more
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Employee Count
53
as on Dec 31, 2021
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Products & Services of Fundamental Surgery
Fundamental Surgery offers a comprehensive portfolio of products and services, including HapticVR, StandaloneVR, CollaborationVR, and Data Dashboard. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Simulates touch sensations for accurate surgical procedure practice.
Enables remote procedural rehearsal and haptic training sessions.
Facilitates virtual teamwork for healthcare professional training.
Provides real-time assessments to improve surgical performance.
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Funding Insights of Fundamental Surgery
Fundamental Surgery has successfully raised a total of $39.61M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $5.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - Fundamental Surgery | Valuation |
investors |
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| Aug, 2022 | Amount | Series B - Fundamental Surgery | Valuation | EQT | |
| May, 2022 | Amount | Series A - Fundamental Surgery | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fundamental Surgery
Fundamental Surgery has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include EQT, Downing and Founders Factory. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital investments in IoT companies are managed by Tern.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fundamental Surgery
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fundamental Surgery
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fundamental Surgery Comparisons
Competitors of Fundamental Surgery
Fundamental Surgery operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Neocis, Oxford Medical Simulation, Osso VR, SimX and Proximie, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Robotic guidance systems for dental implantation surgeries are provided.
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| domain | founded_year | HQ Location |
VR-based medical training systems are developed for patient care simulations.
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| domain | founded_year | HQ Location |
Virtual reality platform for surgical training is provided.
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| domain | founded_year | HQ Location |
Provider of a VR-based medical simulation training platform
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| domain | founded_year | HQ Location |
Provider of a cloud-based VR platform for surgery guidance
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fundamental Surgery
Frequently Asked Questions about Fundamental Surgery
When was Fundamental Surgery founded?
Fundamental Surgery was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is Fundamental Surgery located?
Fundamental Surgery is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Fundamental Surgery?
Richard Vincent is the current CEO of Fundamental Surgery. They have also founded this company.
Is Fundamental Surgery a funded company?
Fundamental Surgery is a funded company, having raised a total of $39.61M across 6 funding rounds to date. The company's 1st funding round was a Series A of $7.53M, raised on Dec 13, 2017.
How many employees does Fundamental Surgery have?
As of Dec 31, 2021, the latest employee count at Fundamental Surgery is 53.
What does Fundamental Surgery do?
Provider of AI-based platform for surgical simulation using VR and haptics. It claims that the proprietary haptics system allows sensing resistance, texture, substance, and pressure, enabling professionals to practice and refine their surgical skills. Its platform syncs with a stylus connected to a standard-issue mechanical arm. Its stylus features two buttons, one to inject the virtual drug and the other to withdraw the needle. It knows the ideal injection pattern for the drug and gives the surgeon a score based on how accurately they have administered it. It claims that the simulations are hardware agnostic and thereby compatible with multiple headsets such as HTC Vive, Oculus Rift, and Microsoft Hololens.
Who are the top competitors of Fundamental Surgery?
What products or services does Fundamental Surgery offer?
Fundamental Surgery offers HapticVR, StandaloneVR, CollaborationVR, and Data Dashboard.
Who are Fundamental Surgery's investors?
Fundamental Surgery has 10 investors. Key investors include EQT, Downing, Founders Factory, Tern, and Sana Kliniken.
What is Fundamental Surgery's valuation?
The valuation of Fundamental Surgery is $15.8M as of Oct 2019.
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