ForSight Robotics to develop world's 1st robotic cataract surgery tech

upland-software-buys-bluevenn-for-52mn-to-boost-customer-engagement

ForSight Robotics, a company developing ophthalmic robotic surgery platform, has recently closed a $55 million Series A investment round with an aim to further enhance ORYOM, the world's first surgical platform for completely robotic cataract surgery which will help increase accessibility to ophthalmic surgery treatments worldwide and eventually advance the future of eye surgery.

According to sources close to the funding, Adani Group, along with previous sponsors Provenio Capital, Precision Capital, Ljungstrom family office, and Reiya Ventures participated in the round.

Last year, ForSight had closed a $10 million mega-seed round following which it expanded and improved its technology capabilities. As of now, several ophthalmic surgeons have already performed cataract surgeries using the ORYOM platform on an animal model.

Apparently, the company plans to bridge the gap in the accessibility to eye surgery and help over a billion people suffering from eye diseases and preventable vision impairment.

Estimates suggest that there are 2.2 billion people around the globe that suffer from vision impairment. In fact, a research published in the Global Public Health Journal claims that the yearly cost of this burden in terms of lost productivity, medical expenses, and social care is projected to be $3 trillion.

Meanwhile, the U.S. National Institutes of Health states that there are hundreds of millions of cataract sufferers worldwide and over 25 million Americans who have the condition.

Dr. Daniel Glozman, Co-Founder and Chief Executive Officer of ForSight, says that the company wants to introduce robots to the field of ocular surgery. It aims to assist millions of patients who have to wait needlessly for procedures while their condition worsens.

The funding will be used to enhance the ORYOM platform's development in clinical studies at ForSight. In addition to glaucoma and retinal illnesses, ForSight is focusing on other avoidable ocular conditions that might benefit from the precision of a robotics platform and cutting-edge visualization.

Source Credit: https://www.prnewswire.com/il/news-releases/forsight-robotics-raises-55-million-in-series-a-round-to-develop-worlds-first-fully-robotic-cataract-surgery-procedure-301590020.html