Avatar Medical, a startup that leverages CT and MR images to generate real-time patient avatars, has raised a notable $5.4 million, as shared by the company’s leaders. The seed funding round saw French investment firm GO Capital in the forefront, with significant contributions from 15 surgeons and radiologists. Avatar Medical, headquartered in Paris with additional offices in Mountain View, California, sees this medical professional-backed investment as a promising sign of support for its unique medical solution.
The U.S. Food and Drug Administration sanctioned Avatar’s revolutionary product in the summer of 2023. The innovative tool, serving as an auxiliary aid for pre-operative planning and during interventional procedures, came to fruition after four years of extensive research into human interaction. More than 100 physicians from 20 diverse institutions assisted in the research, using VR goggles. The investment round also featured contributions from U.S.-based Acorn Pacific Ventures and Plug and Play, as well as French firms Rives Croissance and Cenitz.
Beyond procedure planning, Avatar Medical highlights the potential utility of their product for patient consultations and as an educational tool for radiology and pathology students. Company CEO Xavier Wartelle anticipates the fresh funds to propel Avatar Medical’s commercialization endeavors and expedite sales in medical schools in France and the U.S.
Source: Startup that creates avatars via CT, MR images raises $5.4M from radiologists and investors.