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Israeli Company Developing AR/VR Vision Solutions Secures $11.5 Million In Funding

The medical uses of virtual reality (VR) and augmented reality (AR) continue to grow rapidly as the technology advances. Now, Beyeonics Surgical Ltd, a subsidiary of Israel’s Elbit Systems, have announced that they have raised $11.5 million (USD) in a first investment round from leading investment groups including an international corporation.

Elbit Systems

The subsidiary develops surgeon-centered visualization technologies that enable users to enhance their performance within the surgical filed. Their first clinically tested system – Clarity Bionic Visualization Platform – proved to be a reliable tool for providing surgeons with AR and VR vision capabilities, replacing the need for as surgical microscopes. The platform allows for real-time integration with an unlimited amount of data, offering the users much needed information in a short amount of time.

The platform is designed to utilize “unique Elbit Systems” display technology, 3D ultra-resolution remote sensing cameras, and a processing core that leverages Elbit Systems’ image processing knowledge and experience. The company reports that the platform has been successful tested in more than 20 ophthalmic surgeries both at the Tel Aviv Sourasky Medical Center and at Retinal Consultants of Arizona.

Beyeonics Surgical Ltd“Having completing this funding round on the heels of Cyberbits’ investment announcement, attests to the commercial potential of our technologies. We are proud to have spun-off a company that leverages some of our unique technologies to materially enhance surgeons’ capabilities in the operating room. This investment will enable Beyeonics to expand product development, to include additional surgical applications and to accelerate commercialization.” Said Elbit Systems President and CEO Bezhalel (Butzi) Machlis.

The new funding will be used to continue developing the platform to allow it to offer users a more robust solution that meets their needs and expectations. As Elbit Systems is one of Israel’s defense companies, it has defense, homeland security and commercial operations throughout the world and is therefore driven to delivery the best product that it can. With continued developments in the AR and VR field, it is not surprise that the company has been able to success the funding and continue to drive development forward.

VRFocus will be sure to bring you all the latest from Elbit Systems in the future, so make sure to stay tuned for more.