What FundamentalVR does

FundamentalVR (legal entity Fundamental XR Ltd., headquartered in London with a Boston US presence) builds a haptic-enabled extended reality (VR/MR/AR) surgical simulation platform branded as Fundamental Surgery and HapticVR. The platform combines proprietary haptic feedback hardware integration, high-fidelity anatomical recreations, custom and ready-made imaging modules, and an Advanced Insights Platform that captures training telemetry and measures learning outcomes. Distribution is direct enterprise sales to healthcare institutions, medical device manufacturers, pharmaceutical companies, and academic medical centers, complemented by a partner channel through organizations such as the NHS, Mayo Clinic, Orbis International, Johnson & Johnson, Abbott Medical, Philips Healthcare, CMR Surgical, Novartis, and Teleflex Medical.

The company's revenue model is subscription-based SaaS for the core simulation platform, with an add-on data monetization layer through HapticVR Data Insights that delivers machine learning-driven analytics and real-time, actionable performance feedback. Pricing is quote-based and not publicly disclosed, consistent with enterprise contracts against MedTech, pharma, and provider buyers. The platform is hardware-agnostic, deploying across VR, MR, AR, web, and native apps with enterprise-grade security and SSO integration, and holds American Academy of Orthopaedic Surgeons accreditation alongside a 2023 Frost & Sullivan Best Practices Company of the Year award.

FundamentalVR has raised approximately $30 million in total funding, including a $20 million Series B in August 2022 led by EQT Life Sciences with participation from Downing Ventures and earlier backing from Mayo Clinic, Sana Kliniken, Tern, Brighteye Ventures, EPIC Private Equity, and Founders Factory. The company reports 200+ healthcare institution customers, 500K+ training hours delivered, and deployment in 50+ countries, with stated outcomes of 95% skill retention and 40% faster learning. Post-Series B strategy emphasizes development of the HapticVR Data Insights product and expansion of US operations.

Name

FundamentalVR

Legal name

Fundamental XR Ltd.

Website

https://fundamentalvr.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

FundamentalVR builds a haptic-enabled VR and extended reality surgical simulation platform, delivering subscription-based training and analytics to healthcare institutions, MedTech device makers, pharmaceutical companies, and academic medical centers across 50+ countries.

Ownership category

akta.pro rank

Product category

Surgical Simulation Software

NAICS

Surgical and Medical Instrument Manufacturing (339112), Computer Systems Design and Related Services (54151), Business Schools and Computer and Management Training (6114)

SIC

Surgical & Medical Instruments & Apparatus (3841), Services-Prepackaged Software (7372)

akta.pro primary industry

Healthcare & Clinical Simulation (Surgery, Nursing, EMT, Patient Interaction) (EDAFAJAC)

akta.pro secondary industries

Simulation-Based Learning & Virtual Labs (EDAGAEAG), Operating Room Integration & Surgical Informatics (OR control, documentation, connectivity) (HLAHADAE), Surgical Visualization & OR Video Integration (4K/3D, Recording, Routing) (HLAHADAD)

Keywords

• VR surgical simulation
• Haptic medical training
• Surgical education software
• Immersive clinical training
• Medical simulation platform

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform for Medical Training: Subscription-based SaaS platform providing VR surgical training simulations. Integrates XR, haptic feedback, and machine learning for medical training in spine and orthopedic surgery.
2. HapticVR Data Insights: Data analytics and insights product providing real-time actionable feedback from training sessions.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

FundamentalVR develops and sells an immersive VR/MR/AR surgical training platform (branded as Fundamental Surgery / HapticVR Platform) that combines proprietary haptic feedback with machine learning analytics to simulate surgical procedures for medical professionals. The HapticVR Data Insights product layer adds ML-powered performance analytics and actionable feedback on training sessions, sold to healthcare institutions, MedTech manufacturers, pharmaceutical companies, and academic medical centers globally.

Product overview

FundamentalVR offers a modular immersive training platform for medical education, combining core technologies across VR, MR, AR, AI, and haptics. The flagship platform is Fundamental Surgery (also called HapticVR Platform), which delivers haptic-enabled surgical simulations. This is complemented by the HapticVR Data Insights add-on module that leverages machine learning to provide real-time analytics and actionable feedback on training performance. The company also provides supporting technologies including an Advanced Insights Platform for tracking and assessment, Ready-Made or Custom Imaging for procedure simulation, and Web & Apps for browser and mobile deployment. The architecture enables deployment across multiple interactive mediums (VR, MR, app, web) with enterprise-grade security.

Differentiator

Problem solved

Functional benefit

Brands

• Fundamental Surgery: VR surgical simulation platform using haptic technology for medical professional training

Products and services

• Fundamental Surgery (HapticVR Platform) Immersive virtual reality surgical training platform that uses proprietary HapticVR haptic feedback technology to simulate surgical procedures with physical feedback through touch and motion for medical professionals. Deployed across VR, MR, AR, web, and native mobile/tablet mediums with realistic anatomy rendering, ready-made or custom imaging, and enterprise-grade SSO security. Used by healthcare institutions, MedTech manufacturers, pharmaceutical companies, and academic medical centers globally across spine, orthopedic, ophthalmology, robotic surgery, gene therapy, urology, and injection training use cases.
• HapticVR Data Insights Machine learning-powered analytics product that delivers data insights and real-time actionable feedback from surgical training sessions on the HapticVR platform, enabling performance measurement, usage analytics, and learning outcome assessment for healthcare institutions, MedTech companies, and academic customers.

Quantifiable outcome

• 95% skill retention rate
• +5 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature7 records

Partnerships

14 partnerships are on record, tiered core, flagship and minor.

• Haply Robotics Inc.coreTechnology or Integration · 1 March 2023Partnership to integrate advanced haptic feedback into virtual reality surgical training simulations on the HapticVR platform. Combined expertise in haptic technology for enhanced surgical training realism.
• Orbis InternationalcoreStrategic or Co-development PartnerCollaboration on training initiative targeting global ophthalmology training. Orbis logo featured as partner on website indicating ongoing strategic partnership for eye care training programs.
• CMR SurgicalcoreStrategic or Co-development PartnerStrategic partnership for robotic surgery training. CMR Surgical logo featured on website as partner.
• Philips HealthcarecoreStrategic or Co-development PartnerStrategic partnership in healthcare technology training. Philips Healthcare logo featured on website as partner.
• Johnson & Johnson (multiple divisions)coreStrategic or Co-development PartnerPartnerships across multiple J&J divisions including Johnson & Johnson Vision, Johnson & Johnson MedTech. Featured as partners on company website.
• Abbott MedicalcoreStrategic or Co-development PartnerStrategic partnership for medical device training. Abbott Medical logo featured on website as partner.
• National Health Service (NHS)flagshipStrategic or Co-development PartnerPartnership for national healthcare training programs in the UK. NHS logo featured on website indicating significant government healthcare partnership.
• Teleflex MedicalcoreStrategic or Co-development PartnerStrategic partnership for medical device training. Teleflex Medical logo featured on website as partner.
• Mayo ClinicflagshipStrategic or Co-development PartnerPartnership with leading academic medical center for medical training and education. Mayo Clinic logo featured on website as partner.
• Vicarious SurgicalcoreStrategic or Co-development PartnerStrategic partnership for surgical robotics training. Vicarious Surgical logo featured on website as partner.
• AbiomedcoreStrategic or Co-development PartnerStrategic partnership for medical device training. Abiomed logo featured on website as partner.
• Novartis PharmaceuticalscoreStrategic or Co-development PartnerPartnership for pharmaceutical training including gene therapy surgical techniques. Novartis logo featured on website as partner.
• Allergan (AbbVie)coreStrategic or Co-development PartnerPartnership for medical and aesthetic training. Allergan (AbbVie) logo featured on website as partner.
• SanaminorStrategic or Co-development PartnerHealthcare training partnership. Sana logo featured on website as partner.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Osso VR: Osso VR is a direct competitor offering VR-based surgical and medical device training to healthcare professionals and MedTech companies. Closely aligned with FundamentalVR on target customers (surgeons, MedTech sales teams) and procedure-simulation use cases.
• Precision OS: Precision OS offers VR-based orthopedic surgical training for residents, surgeons, and MedTech companies. Direct overlap with FundamentalVR on orthopedic and spine procedure simulation for academic and device-maker customers.
• Surgical Theater: Surgical Theater provides VR visualization and training for complex surgical procedures, competing directly in immersive pre-operative planning and skills training. Overlaps with FundamentalVR's HapticVR platform on medical education customers.
• SimX: SimX builds VR clinical simulation software for hospitals and medical schools, with emphasis on team-based scenarios. Comparable to FundamentalVR on healthcare training buyers and immersive learning modality.
• ImmersiveTouch: ImmersiveTouch develops VR/AR surgical simulation platforms with haptics for procedure rehearsal and training. Comparable to FundamentalVR in combining immersive visualization with haptics for surgical skills development.
• VirtaMed: VirtaMed provides hybrid physical-virtual surgical simulation with high-fidelity haptics for endoscopy, laparoscopy, and arthroscopy. Comparable to FundamentalVR in delivering high-fidelity procedural training to medical professionals.

Broad incumbents

• CAE Healthcare: CAE Healthcare is a large, established medical simulation company offering patient simulators and procedural training across multiple disciplines. Provides broader but less specialized competition to FundamentalVR's surgical focus.
• Touch Surgery (Medtronic): Touch Surgery was a direct VR surgical training competitor acquired by Medtronic, giving the incumbent deep MedTech distribution and resources. Represents the strategic exit path and competitive threat facing FundamentalVR's MedTech segment.
• Laerdal Medical: Laerdal Medical is a global incumbent in healthcare simulation, specializing in resuscitation and patient simulator training. Adjacent competitor with established hospital distribution that could expand into VR-based procedural training.

Emerging players

• Medical Realities: Medical Realities produces immersive VR medical education content, including surgical procedure capture. Overlaps with FundamentalVR in VR-based medical training content and healthcare institutional customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/FundamentalVr

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds7 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FundamentalVR