Photo - 8chili Inc
49873

8chili Inc

Reimagine Surgeries

USA, California
Market: Medicine, Education, training, Artificial Intelligence, Virtual and Augmented Reality
Stage of the project: Prototype or product is ready

Date of last change: 01.11.2020
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Idea

8chili is a bay area based deeptech startup with a vision to reimagine surgeries using computer vision, mixed reality and artificial intelligence. Our first product is aimed at democratising access to high quality continuous surgical training that brings the power of experiential learning via 3D live video of the surgeons field of view. In a nutshell we enable the residents to transport into the eyes of the surgeon during a surgery.

Our endgame, however is to create a rich data lake of 3D videos of surgeries with high accuracy depth cloud that can train medical robots for autonomy.

Current Status

8chili is the one of the top 50 medtech startups in 2020 as a part of the Medtech Innovator Accelerator, one of the industry's largest and most prestigious not for profit org.

Our team has been successful in developing a prototype and we are getting ready to deploy at our pilot locations.

1. Brighams and Womans , Dr Jamie
2. Uni Michigan, Dr. Anthony Avellino
3. Rush Univerisity, Dr. Anuja Anthony
4. Cook County Trauma centre , Dr. Farhan Bukhari

Our pilots are expected to start post thanksgiving.

Problem or Opportunity

Globally just about 3% of the surgeons have access to high quality continuous training and a staggering 70% of the residents are not confident in performing proficient procedures ( Ref: Lancet and Annals of Surgery ). This gives raise to uneven distribution of surgeons globally and burdens the healthcare system with high costs and also denies access to quality care to circa 150 million patients every year ( ref: Lancet )

Solution (product or service)

We are developing a platform that will deliver experiential learning by allowing the resident / trainee to transport into the surgeons eyes during a procedure and allows them to practise simultaneously alongside the surgeon delivering a truly immersive and interactive learning experience in the real world.

Competitors

Existing products in the market only offer fully virtual training solution like precision os, fundamental vr and osso vr.

Advantages or differentiators

Surgery is a complex business and every surgeon trains very hard - they take utmost care in planning prior to every procedure however their experience comes into play when they encounter surprises during procedures. It is the experience that matters during such times to keep the patient safe and still execute the procedure to perfection and there is no system currently that addresses this key issues except the 8chili's NAVIX AIR platform.

Since we do not create 3D assets which are time consuming and practically cannot encompass all kinds of complications and specialties - we can work right off the bat for every surgical speciality with very minimal changes to their existing workflow.

Money will be spent on

Product development - 35%
Clinical trials - 30%
IP - 20%
Ops and Legal - 15%

Offer for investor

This is the right time to invest in us as we go into pilots. As per our financial modelling we see at least 7X - 10 X returns in the next 2 - 3 year for your investment today.

Team or Management

Incubation/Acceleration programs accomplishment

MedtechInnovator - Top 50 companies
Newchip - Top 5 healthtech company

Won the competition and other awards

Medtech Innovator 2020 - Top 50 companies
Startup to watch 2020 finalist - AWE 2020
Reddot Design Award Finalist - 2020

Invention/Patent

- 3D 6DOF live streaming with near 0 latency
- Remote collaboration for guided precision surgeries
- NAVIX AIR Headband
- NAVIX AIR software
- Surgical training combined with navigation and AI segmentation

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video