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FYR Medical

Extended Reality
Product stageSegments
Pre-Seed
?
Hardware manufacturers
?

FYR Medical is a healthcare company that aims to commercialize light field electro-optical technology, initially developed by Lockheed Martin, to create the world's first Light Field MR surgical loupe for medical visualization. The eyewear would feature a horizontal FOV of 30 degrees, 30 pixels per degree, depth sensing, and 6-DOF measurements. FYR Medical offers a solution to the high compute power requirements of light fields through its patented rendering technique that allows for experiences to run on off-the-shelf GPU technology, including mobile processors found in most smartphones. 

Furthermore, its XR solutions can integrate with existing content such as CT/MRI/X-ray scans, simulations, and navigation systems without the need for additional specialized hardware. The company seeks to manufacture and sell its XR Digital Loupes to leading healthcare companies focused on specialist surgical procedures, telemedicine, and healthcare education & training. The company’s go-to-market strategy involves forming strategic partnerships with leading healthcare companies.

Funding and financials

In February 2023, FYR Medical raised USD 2.6 million in a Series A funding round led by NuVasive. Funding was earmarked to create XR digital loupes focused on spinal surgery that use light field technology to reduce eye strain and discomfort commonly experienced with AR and VR headsets. 

Competitors: None (The product offering is unique; FYR Medical seeks to offer the world’s first MR surgical loupe.)

Extended Reality

Extended Reality

Key stats
Featured companies
238
Total funding (USD)
13.6 Bn
Total addressable market (USD)
100.4 Bn
Key competitors
 
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EDGE Insights

XR and MEP (Q1 2023): From virtual promise to metaverse hesitation

Company Brief


HQ location:
5049 Edwards Ranch Road 4th Floor Fort Worth TX USA
Founded year:
2021
Employees:
11-50
Total Funding:
USD 3.3 million
Last Funding
USD 2.6 million, Feb 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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