Canadian immersive technology firm receives £280k funding to expand to Greater Manchester - Invest in Manchester

Funding Rounds

Summary

The Canadian company enables surgeons to learn, collaborate, practice and share procedures in a realistic, safe, cloud-hosted environment through virtual reality. The company has recently set up a UK entity based at The Landing in MediaCityUK, Salford, and has plans to relocate some of the Canadian team to the region as well as hiring locally. The firm is forecast to generate a revenue of $20m by 2022 and has partnerships with blue chip medical device companies and has facilitated advanced surgical training courses at the Royal College of Surgeons of Ireland (RCSI). With Greater Manchester attracting innovative companies from around the world, Marion Surgical are a great addition to the region as a leader in virtual and augmented reality solutions. The firm’s expansion plans, along with the creation of new products, shows that it is a force to be reckoned with and we are excited to support the business on its journey at MediaCityUK.”

$ Funding

$
Amount $348.7K Total raised
Date March 27, 2020 Announcement date
Investors - Lead investors
Company http://www.virtualsurgerysim.com Funded company

Classifications

industries
No industries detected
applications
Data Management

AskAI Classifications

Labels
Medical Software Surgical Simulation Software Virtual Reality Software

Linked Companies

Marion Surgical
up to $1M