Medivis Raises $20M Series A to Advance Surgery with Augmented Reality

NEW YORK, NY, June 13, 2023—(PRNewswire)— Medivis, a medical technology company with the mission to establish augmented reality as the new standard in surgical navigation, announced a $20 million Series A funding round led by Thrive Capital, with participation from Initialized Capital and Mayo Clinic. Additional investors include Bob Iger, Kevin Durant, Dr. Robert Spetzler, Hugo Barra and Coalition Operators.

Headquartered in New York City, Medivis has partnered with the nation’s leading medical centers including MD Anderson Cancer Center, Providence Health, University of Pittsburgh Medical Center, Northwell Health and Cincinnati Children’s Hospital. The company has also announced an expanded partnership with the Veterans Health Administration, the nation’s largest integrated health system. The fundraise will be used to scale engineering, obtain regulatory clearances and globally commercialize across multiple specialties including neurosurgery, orthopedic surgery, interventional radiology and reconstructive surgery.

“We started Medivis to usher in a new visual era for medicine through augmented reality. Over the last seven years, we have been creating technology to grant clinicians unprecedented visual guidance during surgical procedures. Ultimately, this technology will facilitate safer procedural care for patients around the world. We are thrilled to have the support of these incredible investors as we continue our journey,” said Dr. Osamah Choudhry, co-founder and neurosurgeon.

“The practice of medicine and the outcomes of people under our care, depend on our ability to gather and utilize data,” said Dr. Christopher Morley, Co-Founder and Radiologist. “Spatial computing will change every industry, but none more importantly than healthcare, where it will advance the way we perform a wide range of routine and complex interventions. Our partnerships speak to how far the technology has come, the growing market adoption and the paths we see ahead to profound value creation.”

Kareem Zaki, a general partner at Thrive Capital, added: “From our first meeting, we’ve been impressed by the team’s vision and ambition to revolutionize medical imaging. We believe that Medivis has the potential to set a new standard for surgical navigation and we’re excited to partner with them as they enter their next stage of growth.”

About Medivis

Medivis is a medical technology company founded in 2016 by physicians and engineers in New York City. The company is dedicated to advancing surgical care with the latest breakthroughs in augmented reality and artificial intelligence.

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Bob Iger invested prior to his return to Disney. Kevin Durant as part of Kevin Durant and Rich Kleiman’s 35V.

Media Contact:

Katerina Miras
Head of Marketing and Strategic Partnerships
Medivis, Inc.

About Peter Coffaro 506 Articles
Peter Coffaro is a growth-driven and strategic executive with over 25 years of progressive management success in the medical device industry. With a proven track record and recognized expertise, Peter has established himself as one of the top influencers in medical sales, as acknowledged by prestigious publications such as the World Journal of Orthopedics, Exponential Healthtech, and Throughout his career, Peter has accumulated 10 years of combined sales management experience, excelling in various roles including Director, General Manager, Distributor, and Vice President. He has worked for industry-leading orthopedic companies such as Zimmer, DePuy, and Stryker, solidifying his deep knowledge and network within the field. Peter’s passion for innovation and emerging technologies led him to found OrthoFeed, an award-winning blog covering digital orthopedic news and emerging medical technologies. Through this platform, he stays at the forefront of the industry and contributes to the dissemination of valuable insights. Peter is a three-time Hall of Fame award winner at Johnson and Johnson, demonstrating his exceptional contributions and impact on the organization. His expertise extends to areas such as organizational development, business development, sales management, digital marketing, and professional education. Peter earned a B.S. degree in Biology and Chemistry from Northern Illinois University, further complementing his comprehensive understanding of the medical field. With his wealth of experience, strategic mindset, and dedication to advancing healthcare, Peter Coffaro is a valuable asset and leader in the medical device industry.

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