Augmedics, a pioneer in augmented reality (AR) surgical navigation, has acquired the digital health assets of Surgalign and Holo Surgical for $900,000 in cash. The acquisition includes intellectual property, software, and hardware assets that will further strengthen Augmedics’ AR and AI portfolio. The sale is expected to close on August 8, 2023, pending bankruptcy court approval.
“We are excited to acquire the digital health assets of Surgalign and Holo Surgical,” said Kevin Hykes, President and CEO of Augmedics. “These assets will allow us to further develop our xVision platform and bring augmented reality surgery to more patients around the world.”
Augmedics’ xVision platform is an AR surgical navigation system that uses a head-mounted display to overlay real-time surgical data onto the surgeon’s field of view. The system is currently used in over 1,000 hospitals around the world. Display Daily covered Augmedics back in 2018 when the company was a startup developing a device called the Vizor System.
In addition to the acquisition of Surgalign’s digital health assets, Augmedics also announced today that it has raised $82.5 million in Series C funding.