Augmedics

Based in Chicago, Illinois, Augmedics develops augmented reality surgical navigation systems that project three-dimensional anatomical models directly onto a surgeon's retina during spine procedures. The company sells its proprietary hardware headsets and software platforms to hospitals and ambulatory surgery centers, enabling orthopedic spine surgeons and neurosurgeons to visualize patient anatomy without shifting their attention away from the surgical field. The enterprise has raised over $140 million in total venture funding, including an $82.5 million Series D round in June 2023 to expand its commercial footprint and support further technological development. Backed by institutional investors such as CPMG and Revival Healthcare Capital, the firm's flagship xvision system has been utilized to treat more than 5,000 patients and place over 25,000 pedicle screws across the United States. Nissan Elimelech originally founded the medical device company in 2014.