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Baltimore

Osmosis and NextStep Robotics top Baltimore's recent funding news

Baltimore-based education company Osmosis has secured $4 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 11 and led by Felicis Ventures.

According to its Crunchbase profile, "Personalized learning meets health care! We're helping hundreds of thousands of future clinicians learn efficiently and excel on classes, boards, and in the clinic. Created by the former Khan Academy Medicine team and Johns Hopkins medical students, Osmosis aims to provide your future clinicians the best education so that they can provide you the best care."

The three-year-old startup has raised five previous funding rounds, including a $2.5 million seed round in 2018.

Over the past year, 10 Baltimore-based data and analytics companies have secured venture funding, totaling $25 million in new investment to the local industry.

In other local funding news, biotechnology and robotics company NextStep Robotics announced a $600,000 seed funding round on May 14, led by Abell Foundation.

According to Crunchbase, "NextStep Robotics provides clinics the ability to offer personalized robotic therapy to patients through adaptive software that provides a personalized assist-as-needed approach. This is the first ever clinically proven option to effectively treat foot drop. Their robot is easy to use and designed to be run by lower-skilled clinic staff, freeing up therapists to focus on more hands modalities."

The company also raised a $900,000 seed round in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.