Mayo Clinic, Disney CEO back AR medtech's $20M investment round

Medivis, an augmented reality medtech company, raised $20 million in a series A financing round that saw participation from Rochester, Minn.-based Mayo Clinic and Disney CEO Bob Iger.

Pittsburgh-based UPMC and New Hyde Park, N.Y.-based Northwell Health use Medivis' augmented reality surgical navigation tools. The company will use the financing to scale engineering, obtain regulatory clearances and commercialize across multiple specialties, according to a June 13 Medivis news release.

Thrive Capital led the funding round. Basketball star Kevin Durant also participated in the investment round.

"The practice of medicine and the outcomes of people under our care depend on our ability to gather and utilize data," Christopher Morley, MD, co-founder and radiologist, said in the release. "Spatial computing will change every industry, but none more important than healthcare, where it will advance the way we perform a wide range of routine and complex interventions. Our partnerships speak to how far the technology has come, the growing market adoption, and the paths we see ahead to profound value creation."

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