Proprio raises $43M to commercialize surgical navigation platform

AI-enabled surgical technology company Proprio announced it secured $43 million in Series B funding from new and existing investors, including Bird B. AG. 

WHAT THEY DO

The Seattle-based company offers an FDA-cleared surgical navigation platform dubbed Paradigm, which utilizes light field technology and artificial intelligence to generate 3D visualization of surgery, allowing for intraoperative scans to be seen in real-time. It also offers a platform called Volumetric Intelligence that combines medical images with data from Paradigm’s sensor.    

The company will use the funds to drive the adoption of its platform. 

“This investment arrives at a pivotal moment as we perform our first-in-human cases and bring Paradigm to patients around the world. Together, these milestones are a testament to the unparalleled capabilities of the Proprio Paradigm and its potential to revolutionize surgery,” Gabriel Jones, CEO and cofounder of Proprio, said in a statement. 

MARKET SNAPSHOT

In 2020, Proprio raised $23 million in Series A financing. 

Another surgical navigation platform utilizing emerging technology is MediView XR, which offers an augmented reality visualization and surgical navigation platform. Its XR90 offering, which received FDA clearance earlier this month, allows providers to see a patient’s internal soft tissues, vascular, organ and skeletal structures in 3D based on their CT images. 

Earlier this year, the company scored $15 million in strategic funding, just one year after securing a $9.9 million investment.