MediView XR, an innovative leader in augmented reality (AR) for surgical navigation and guidance, has successfully completed a $24 million Series A funding round. The funding was primarily led by GE HealthCare, and also saw contributions from notable organizations such as Cleveland Clinic, Mayo Clinic, Edge Ventures, the investment arm of Emplify Health, and JobsOhio Growth Capital Fund.
Founded on intellectual property developed at the Cleveland Clinic, MediView operates at the forefront of medical technology. The company recently introduced a pioneering FDA-cleared surgical navigation and imaging platform. This cutting-edge tool enables clinicians to visualize three-dimensional (3D) anatomy beneath a patient’s skin during procedures. By allowing practitioners to interact with both 3D patient data and real-time medical imaging, MediView integrates advanced visualization capabilities with precise procedural guidance, marking a significant shift in how physicians approach minimally invasive procedures.
The new funding will be instrumental in driving MediView’s growth in both commercial and clinical settings. The company plans to enhance the adoption of its AR clinical solutions while expanding partnerships within the industry.
This will involve collaborations with various stakeholders in medical imaging, therapeutic devices, and related technologies, paving the way for broader utilization of their innovative solutions. MediView is also focused on advancing clinical validation and acquiring additional regulatory approvals that structure the clinical, workflow, and economic benefits of their technology.
Moreover, the company will bolster its operational capabilities to meet the rising demand from healthcare institutions globally. Currently, medical imaging poses a significant challenge for physicians, who frequently must interpret two-dimensional images on flat displays, which can complicate decision-making and divert their attention from the patient at hand. MediView’s AR fusion platform alleviates this challenge by offering clinicians the remarkable ability to view a patient’s internal anatomy in 3D, overlayed directly onto the patient’s body.
By merging 3D CT scans with live ultrasound data, MediView provides real-time, interactive visuals of critical anatomical structures such as organs, tissues, blood vessels, and tumors. This technology equips healthcare professionals with the tools they need to target difficult-to-detect lesions with high precision. It also reduces cognitive load during procedures, enhancing workflow efficiency and maintaining accuracy during intricate interventions like biopsies, tumor ablations, and injections.
The collaborative features enable practitioners to work remotely with peers, utilizing shared visualization and guidance tools to transform the way interventional procedures are carried out.
As advancements in artificial intelligence (AI) converge with AR technology, the future of surgery is poised for significant transformation. This combination is anticipated to streamline medical workflows by improving image processing, preoperative planning, and postoperative activities.
By utilizing AI within AR-enhanced medical systems, healthcare providers can expect operations to become faster, more efficient, and potentially more precise, ultimately enhancing patient care and surgical outcomes.
KEY QUOTES:
“Our mission is to simplify, democratize, and inform medical procedures by giving clinicians intuitive, real-time 3D visualization and guidance tools to aid in their clinical decision making. We are redefining how to understand and navigate the relationship between interventional tools and target anatomy making less invasive procedures more predictable and accessible. Our partnership and collaboration with GE HealthCare, Cleveland Clinic, Mayo Clinic and Emplify Health accelerates our ability to expand clinical and commercial adoption of our innovative solutions towards improving outcomes, enhancing safety, and creating a new standard in interventional care.”
Mina Fahim, MediView CEO
“Our collaboration with MediView reflects a shared commitment to integrating advanced imaging with intuitive augmented reality technologies that have the potential to transform precision care. We’re proud to help lead this funding round and redefine how clinicians visualize anatomy in real-time to enhance procedural guidance and navigation.”
Meraj Khan, Chief Marketing Officer, Surgical Innovations, Advanced Visualization Solutions, GE HealthCare
