Elbit Systems, an Israel-based defense company, recently announced that its medical technologies subsidiary Beyeonics Surgical successfully concluded its first funding round of $11.5 million, which the company says will be used to expand product development and accelerate commercialization of its surgeon-centric AR/VR technologies.
Founded in 2012 by Elbit senior engineers, Beyeonics is developing its Clarity Bionic Visualization Platform, an AR/VR solution designed to provide surgeons with visualization tools that effectively replace surgical microscopes while allowing real-time integration of relevant data.
According to the company’s press release announcing the $11.5 million venture capital round, the Clarity platform is said to use what the company calls its ‘Transparent Head Wearable Display’ that utilizes a “unique Elbit Systems’ displays technology, 3D Ultra-Resolution remote sensing cameras, and a Processing Core.”
Elbit says the Clarity platform has undergone clinical testing since 2016, and has been used in more than 20 eye surgeries both at the Tel Aviv Sourasky Medical Center and at Retinal Consultants of Arizona. The company also develops solutions for spinal surgery, minimal invasive procedures, robotic surgery, and tools for use in cardiovascular catheterization labs.
Elbit hasn’t specified the parties involved in the funding round, although the company says the investment came from “leading investment groups including an international corporation.”
“Having completing this funding round on the heels of Cyberbits’ investment announcement, attests to the commercial potential of our technologies,” said Bezhalel Machlis, President and CEO of Elbit Systems. “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.”
Beyeonic’s parent company Elbit develops a wide range of defense technologies including homeland security and commercial programs operating in the areas of aerospace, land and naval systems, intelligence surveillance and reconnaissance, and unmanned aircraft systems.