Theator, an AI platform that analyzes surgery videos, closes out its Series A at $39.5M

When it comes to video-based data, advances in computer vision have given a huge boost to the world of research, making the process of analyzing and drawing insights from moving images something that is scalable beyond the limits of a small team of humans. A startup called Theator has been applying this concept to the world of healthcare: It's using AI to "read" video captured during operations, to look for best practices but also to help identify key moments when an operation may have taken the wrong turn. Today, it is announcing $24 million in funding -- a sign of how both the medical world is adapting and adopting advances in AI to improve its own work; and how investors are stepping up to bet on the opportunity ahead. The funding is a significant extension to Theator's Series A of $15.5 million from February 2021, bringing the total for the round to $39.5 million, and $42.5 million overall. As with the earlier tranche, Insight Partners led this latest investment. Previous backers Blumberg Capital, Mayo Clinic, NFX, StageOne Ventures, iAngels and former Netflix Chief Product Officer Neil Hunt also participated, alongside new backers iCON and Ariel Cohen, TripActions' CEO and co-founder.