FundamentalVR has appointed Allan May as Chairman of the company. In his role, May will lead the company’s continued growth in the U.S. and scale its surgical education and data insight platform, Fundamental Surgery. He will also establish a west coast office for the company.
May joins FundamentalVR as Chairman with decades of experience in funding, leading, and co-founding companies across biotech, Medtech, and diagnostics. He is the founder of Life Science Angels, a Bay Area early-stage investment group that has invested over $70 million in more than 70 biotech, medical device, diagnostics, and mobile health companies. He is also a Venture Partner at Medtech Convergence Fund, a $90 million seed, and earlystage venture capital fund. May will continue his work with Life Science Angels and Medtech Convergence Fund while serving as Chairman at FundamentalVR.
Left: Allan May, Chairman, FundamentalVR
In 2007, May co-founded Emergent Medical Partners, a venture fund focused on early-stage medical device companies that have invested $70 million in more than 30 startups. For the last 25 years, May has served as founder, Chairman, or CEO at 10 startup medical device and diagnostic companies. He has also been an investor in over 65 Medtech, biotech, and diagnostic startups. Recent companies he has co-founded include Nanostim, a developer of the first Leadless Cardiac Pacemaker, and Hyalex Surgical, a company that creates synthetic cartilage for total joints.
“The combination of massive economic dislocation and social distancing brought on by COVID-19 are proving the forces needed to drive permanent change in surgical training and testing as well as the marketing and adoption of new medical devices,” commented May. “FundamentalVR are market leaders in surgical AR/VR technology. The combination of its haptics, multi-user capabilities, sophisticated use cases and applications will allow the company to dominate U.S. surgical training as it is uniquely positioned to provide the proficiency tools and metrics needed to lower the learning curve for trainee and qualified surgeons.”
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