Augmedics

Augmedics is a medical device company that pioneers cutting-edge augmented reality technologies to improve surgical outcomes.

Augmedics' mission to improve healthcare by augmenting surgery with cutting edge technologies that solve unmet clinical needs and instill technological confidence in the surgical workflow.

Augmedics was founded in Israel in 2014 by Nissan Elimelech. The company is headquartered in Arlington Heights, Illinois and Israel.

 

Augmedics has built an augmented reality-based navigation platform to improve the process and outcomes of spinal surgeries. The company’s revolutionary xvision Spine System® allows surgeons to see patients’ anatomy as if they have “x-ray vision” and accurately navigate instruments and implants during spine procedures.

 

The xvision Spine System's cutting-edge technology superimposes critical data onto the surgical field, allowing surgeons to visualize patient anatomy through skin and tissue and to accurately navigate instruments and implants during spine surgery.

 

Augmedics' xvision Spine System is the first-of-its-kind, FDA-cleared, and has been used to treat over 4,000 patients and implant more than 20,000 pedicle screws across 21 US states. xvision has consistently demonstrated 97-100% accuracy of pedicle screw placement across multiple patient studies.

 

Augmedics is backed by H.I.G. Capital, CPMG, AO Invest, TerraLab Ventures, Revival Healthcare Capital, Evidity Health Capital, Almeda Ventures, MedTech Innovator, and others. The company closed of an $82.5M Series Series D round on Jun 27, 2023. This brings Augmedics' total funding to $143.6M to date.

 

 

  • Year founded: 2014
  • Funding Info: $143.6M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Arlington Heights
  • State: Illinois
  • Country: United States
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