Proprio Raises $23M in Series A Funding led by DCVC
Proprio, the Seattle-based surgical navigation company, announced a $23M Series A financing round led by DCVC (Data Collective) with additional investment from Cota Capital and existing investors BOLD Capital Partners and Alan Frazier, founder of East Seattle Partners and Frazier Healthcare Partners. The Series A funding announcement was featured in Geekwire, Forbes, Pitchbook, and Fortune Term Sheet.
Proprio is a computational imaging company providing enhanced visualization systems for precise surgical execution. The Proprio system integrates advancements in robotics, artificial intelligence, and computer vision to simplify surgical workflow, improve procedural accuracy, and reduce or eliminate exposure to radiation.
“Proprio’s mission is to improve the precision and efficiency of surgery,” said Gabriel Jones, CEO and Co-founder of Proprio. “This investment supports our world-class team to deliver a surgical navigation system that leverages the latest technological advancements in imaging and machine learning, making it easier to perform high-quality surgeries.”
With the Series A investment, Proprio added Armen Vidian, a DCVC partner with extensive operational experience in healthcare and medical devices, including early market development for first-in-class technologies, to its Board of Directors as well as Alan Cohen, a DCVC partner with broad expertise in product development and go-to-market strategy for multiple billion-dollar companies, who joined as a Board Observer.
In a DCVC blog post about the funding, Vidian and Cohen described why they chose to invest in the Proprio team and their technology: “When we first met Gabriel Jones, Jim Youngquist, Dr. Sam Browd, and Josh Smith, we saw a perfect fusion of clinical, technical, and entrepreneurial leadership skills at work. We saw how Proprio, with its advanced surgical navigation system is combining surgical expertise with computational advances to change surgical efficiency. Then we met the rest of the extended team in their offices in Seattle, we came away with one distinct impression: this was one of the best Series A teams we had ever seen.”