22.12.2022
Medical Visual Systems Company (MVS Ltd.), a Russian developer of software and hardware complexes for operating rooms, a resident of the Skolkovo Foundation, has closed an investment round for 325 million rubles. The investor was the Venture Fund of the National Technology Initiative under the management of the investment company Kama Flow.
The acquired share is not disclosed. Kama Flow expects that by 2026 the company will occupy more than 50% of the Russian market and show a five-fold increase in revenue.
MVS implements “smart” surgical workspaces equipped with imaging and equipment management systems. The key development of the company is an integrated operating room, an ecosystem of telemedicine products for the management of engineering systems and medical equipment in operating rooms, intensive care units and intensive care wards. The domestic market of solutions for the integration of equipment in operating rooms (ORI) has been actively developing recently. According to some estimates, it is significantly ahead of the world in terms of growth (Russian Federation CAGR 62% (2017-2021), world CAGR 11.2%) and is currently estimated at 63 billion rubles.
The implementation of MVS solutions makes it possible to increase the efficiency of work processes related to surgical activities, increase their comfort and safety, as well as use the MEDIKT library of impersonal medical data (multimedia surgical atlas) for subsequent training of specialists and exchange of experience based on information on patient condition indicators, surgical interventions and manipulations performed, dynamics and analysis of the course of the disease.
Investments will be directed to the development of new technological modules, scaling of the company, including abroad, and the development of production facilities, marketing and sales.
MVS is a key vendor of solutions for automation of operating rooms in Russia. To date, the company has implemented more than 100 successful projects, the products are used by private and public medical institutions in Russia (16 cities, including leading clinics in Moscow and St. Petersburg) and the Republic of Belarus.
Andrey Kobets
Founder and general director of Medical Visual Systems
First of all, investments will go into the development of existing products: the integrated operating room and MVS ICU, the multimedia library of surgical interventions Medikt. Financial support will also be provided to promising products under development: mobile versions of solutions, a terminal for ambulances, a medical portable media center. In the near future, MVS plans to scale its sales and production network, enter the CIS and Middle East markets. We have every opportunity to become a national leader developing the field of high-tech medicine in the operating room...
Kirill Zaputryaev
Founder and Development Director of Medical Visual Systems
Our strategic direction is to create a national terminal network for medical data collection as an infrastructure for machine learning and artificial intelligence systems. This will give an impetus to the development of products in the field of digital surgery, MDSS (medical decision support systems) and other innovations in Russia...
Evgeniy Borisov
Partner of Kama Flow
Today, MVS is the only comprehensive Russian solution that does not lag behind world analogues and solves the entire range of tasks related to operating room automation. In the future, the company will control most of the Russian market for 3-4 years, so we expect positive results from foreign expansion, mainly into the CIS markets. We hope that thanks to the development of the project, the share of equipping healthcare institutions with high-tech equipment will grow significantly in the near future...
VADIM MEDVEDEV
General Director of the National Technology Initiative Project Support Fund
To date, the NTI Foundation supports medical projects totaling over 1.1 billion rubles. This development of a hardware and software complex is relevant and useful for the development of telemedicine services. New technologies, in particular digital ones, make it possible to use the experience and knowledge of a doctor more carefully, while with greater efficiency, and also increase the availability of qualified medical care...
Kirill Kaem
Senior Vice President for Innovation of the Skolkovo Foundation
MVS has managed to create an entire ecosystem of engineering and digital solutions for operating room automation. The company shows excellent dynamics in the implementation of its solutions and occupies a significant position in the Russian market, displacing foreign vendors of similar products. For two years now, our resident's products have been integrated into the exposition of the Center for Innovation and the Internet of Things in Healthcare of the Skolkovo Foundation and receive an excellent response from the professional medical community. The attracted investments will help to develop and scale the technology, allowing doctors to perform complex operations at a new level in Russia and abroad...
Information help
MVS (Medical Visual Systems Ltd.) is a Russian company that creates solutions in the field of automation of the operating room and telemedicine, developed on the basis of its own scientific and production base. Resident of the Skolkovo Center for Innovation and the Internet of Things in Healthcare, has the status of a project of the National Technology Initiative (NTI) of the NTI Helsnet Roadmap working group. A recognized expert and active member of the Russian digital healthcare communities, it is a member of the Association of Medical Information Technology Developers (ARMIT), the Association of Russian Software Developers RUSSOFT, as well as the Russian Telemedicine Consortium. The headquarters, R&D and production are located in St. Petersburg. To demonstrate the capabilities of the solutions, the company is developing a network of showrooms reproducing operating rooms and equipped with modern medical equipment in Moscow, Minsk, St. Petersburg and a popular YouTube channel with broadcasts from operating rooms. The founders are Andrey Kobets, Kirill Zaputryaev. Promotional materials are available at the link.
The Venture Fund of the National Technology Initiative (NTI) is managed by the investment company Kama Flow, that invests in Russian deep tech projects at early stages. Among the priority areas are artificial intelligence, big data analysis and storage technologies, microelectronics, digital medicine, new materials and advanced manufacturing technologies. The volume of the fund is 3.5 billion rubles.
Kama Flow is a private investment company. It works with early-stage technology startups in various sectors with a knowledge-intensive component and intellectual property. The company is managed by the NTI Venture Fund.
