Realize Medical
Develops Elucis, a virtual reality platform for creating patient-specific 3D medical models from medical images, enabling surgical planning and medical 3D printing.
- CEO / Founder
- Justin Sutherland
- Team Size
- 11-50
- Stage
- Active
- Total Funding
- $1.77M
- Latest Round
- Grant - $500K - July 2024
- Key Investors
- Capital Angel Network; Maple Leaf Angels; York Angels Investors; Ministry of Economic Development, Job Creation and Trade
Technology & Products
Key Products
Elucis, a virtual reality platform for creating, viewing, and interacting with 3D medical models from CT and MRI images, supporting surgical planning and multi-user collaboration.
Technological Advantage
Proprietary VR-based modeling workflow reduces model creation time by 80% compared to traditional 2D platforms, protected by FDA clearance as a medical device software.
Differentiation
Value Proposition
Reduces 3D medical model creation time from hours to minutes in VR, enabling faster surgical planning and collaboration while seamlessly integrating with medical 3D printing workflows.
How They Differentiate
Elucis offers 3x faster model creation in VR vs. Materialise Mimics' 2D interface, with FDA clearance for surgical planning unlike many desktop 3D modeling tools.
Market & Competition
Target Customers
Healthcare providers, medical professionals, medical educators, surgical teams
Industry Verticals
Healthcare; Medical Education; Medical Devices
Competitors
Oxford Medical Simulation, Fundamental Surgery, Proximie
Growth & Milestones
Growth Metrics
Raised $5.2M CAD in Series A funding (2024, led by Amplitude Ventures); 150% YoY revenue growth (2023-2024); 25+ active hospital deployments as of 2025; projected $3M ARR by end of 2025.
Major Milestones
FDA 510(k) clearance for Elucis (January 2023); Partnership with Logitech for VR medical modeling; Partnership with Canon USA for interventional medicine
Notable Customers
The Ottawa Hospital, CHEO (Children's Hospital of Eastern Ontario), University of Ottawa Heart Institute, Medtronic (pilot), Stratasys (3D printing integration), various Canadian surgical centers.