Theator

Theator is a Palo Alto, California-based company developing what it calls Surgical Intelligence: a platform that makes routine video capture and analysis of operations a standard part of surgical care. The platform records surgical video data and applies artificial intelligence and computer vision to automatically analyze each operation, surfacing key information embedded within a procedure in a format intended for use by surgeons and hospital systems.

The stated purpose of the analysis is to help surgeons and health systems identify the causes of variability in patient outcomes and reduce it, while also addressing procedure costs and operating-room efficiency. The company describes work toward real-time surgical decision support. As of July 2022 its surgical video and data library contained more than 30,000 hours of video, with nearly a billion frames analyzed. Theator works with surgeons, hospitals, professional societies and research institutions, and initially focused on minimally invasive procedures before expanding into urology in 2022.

Business model

Theator supplies its Surgical Intelligence Platform to operating rooms, hospitals and healthcare systems, and works with surgical societies and research institutions as partners and collaborators.

Traction

By July 2022 the company reported a surgical video library of over 30,000 hours with nearly a billion frames analyzed, an expansion into urology earlier that year, a collaboration with Mayo Clinic and a partnership with the Canadian Association of General Surgeons.

Latest developments

In July 2022 Theator announced a $24 million extension of its Series A round, led by Insight Partners, bringing the round to $39.5 million and total funding to $42.5 million, with proceeds directed at commercial expansion and rollout of the platform across North America.