Immertec
Overview
Immertec is a technology company specializing in virtual reality (VR) solutions for medical training. Founded in 2017 by Erik Maltais, the company is headquartered in Tampa, Florida. Immertec has raised approximately $36.3 million in funding over various rounds. The company's platform allows medical professionals to train remotely with immersive VR experiences.
Recent Developments
- January 2024: Immertec received a $1.6 million grant from the National Institutes of Health (NIH) in collaboration with USF Health. This grant is earmarked for research into the enhancement of medical training for rural health care professionals through immersive VR technology.
- February 2024: Immertec closed a $4 million Series A extension round. This funding is intended to expand the company’s real-time virtual observation platform, particularly enhancing its user interactivity and the immersive experience.
- April 2024: Amid a challenging market environment caused by the Silicon Valley Bank collapse, Immertec successfully navigated financial uncertainties, underscoring its resilience and stability in turbulent times.
- October 2024: Immertec was featured in a partnership aimed at transforming surgical education through its virtual training tools, highlighting increased adoption and collaboration with medical institutions.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Tampa, FL, USA |
| Founders | Erik Maltais |
| Revenue | $1.8 million (estimated) |
| Number of Employees | 22 |
| Key Investors | NIH, Revolution, Metavision International |
| Industry | Enterprise Systems (Healthcare) |
Early History
Immertec was established to address gaps in medical training, particularly the need for immersive, remote learning solutions in healthcare. The founders, Erik Maltais and Jon Clagg, identified an opportunity to leverage VR technology to enhance surgical education. Initially developed for demonstrations in medical environments, Immertec's first products enabled remote viewing of surgeries, paving the way for its comprehensive virtual training platform. Early successes included securing strategic partnerships with key medical institutions and winning notable startup competitions, which supported its subsequent expansion and development.
Company Profile and Achievements
Immertec provides a real-time, immersive VR platform focusing on medical training and education. The company offers solutions that enable medical professionals to engage in hands-on training remotely, a groundbreaking approach that has been recognized within the health tech industry. Key achievements include:
- Winning the "Rise of the Rest" pitch competition in 2019, securing a $100,000 prize for its innovative approach to VR medical training.
- Establishing partnerships with leading healthcare institutions such as USF Health and major medical device companies.
- Constantly innovating its platform, incorporating advancements in VR technology to offer high-quality, interactive experiences for users.
Current Operations and Market Position
Immertec presently leads in the niche of VR-based remote medical training. Its platform is highly scalable, allowing integration with various training programs widely adopted by hospitals and medical schools. Leveraging technology and interactive features, Immertec has carved out a significant market position distinguished by its cutting-edge VR training modules. Through strategic alliances, like its latest contract with the NIH for educational innovations in rural settings, Immertec continues to solidify its role as a leader in VR medical training solutions.
Conclusion
Immertec stands at the forefront of innovation in medical education technology, transforming how professionals learn and develop skills through its VR platform. The company's commitment to revolutionizing training methods and enhancing accessibility makes it a pivotal player in healthcare education. With its strong foundation, substantial industry support, and continuous technological advancements, Immertec is poised for expanded influence and impact in the coming years.