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HomeInsightFunding Alert Medisim VR raises Rs 3.5 cr in pre-Series A round

[Funding alert] Medisim VR raises Rs 3.5 cr in pre-Series A round

Med-tech company Medisim VR
Med-tech company Medisim VR

Med-tech company Medisim VR has raised Rs 3.5 crore in a pre-Series A funding round from Inflection Point Ventures.

Chennai Angels and Jana Balasubramaniam (MedTech investor) also participated in this funding round.

The company plans to use the funds for scaling up its product offering and adding more skill training content to its library.

“The future healthcare workforce of India needs a futuristic training methodology and an alignment among visionary entities for rapid scaling up”, said, Sabarish Chandrasekaran, Co-Founder and CEO of Medisim VR.

Cambridge headquartered company Medisim VR was established in 2017, Medisim VR aims to make comprehensive medical training accessible and affordable through its existing offerings that include procedural simulation, virtual patient simulation, and clinical education.

“As the pandemic continues to trigger medical innovations both in vaccines and use of tech in health care. 2020 saw the emergence of tele-medicines and tele consultations. As we enter the third phase of the pandemic, the benefits of technology and use cases have also changed with the evolution of the health tech landscape. MediSimVR has understood this need for the healthcare industry to move one notch higher and adapt to new-age training technology for skilling medical students and healthcare professionals alike. Their simulation skill training programme, is where one can actually practice surgical training, encounter virtual patients scenarios, evaluate the learning metrics which will help the medical fraternity immensely”, said, Vinay Bansal, Founder and CEO, Inflection Point Ventures.

The flagship product offered by Medisim VR is a virtual reality-based skills training platform, which covers all the skills required in the MBBS curriculum, the company said in a statement. Some of the other features include performance analysis and evaluation metrics to better assess learning patterns and aptitude,

The company claims that they have been able to onboard around 500 medical students in the last 4 months.

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