Fundraising Fox

Virtual Incision

Lincoln, US · Founded 2006 · Delaware corporation · 32 employees on LinkedIn · 7 known investors

Find your way into Virtual Incision

Virtual Incision develops a miniaturized robotic-assisted surgery (miniRAS) system called MIRA, designed to fit within hospitals' existing infrastructure. The company targets patients, surgeons, and healthcare facilities in the surgical robotics and medical device market.

BiotechHealthtechMedical DevicesRobotics

Founders & leadership

Virtual Incision was founded in 2006 by Dmitry Oleynikov and Shane Farritor.

DO
Dmitry OleynikovCo-founder
SF
Shane FarritorCo-founder
JPJohn P. Murphy
John P. MurphyinExecutive
MS
Mukund SrinivasaninChief Financial Officer2018–2026

Board

TS
Tom ShehabBoard directorManaging Partner at Arboretum Ventures
FR
Fred RobertsonBoard director
TL
Tao LinBoard director
FPFernando Pacheco
Fernando PachecoinBoard MemberPartner at Endeavour Vision
TS
Tyler StowaterBoard director
MJMike Jerstad
Mike Jerstadin𝕏Board directorPartner at PrairieGold Venture Partners
SK
Steve KirbyBoard director

Investors · 7

Arboretum VenturesAnn Arbor · $5M – $15Mvia Tom Shehab · board
Endeavour VisionGeneva
Invest NebraskaLincoln · $250K
InVivium CapitalChicago
Baird Capitalreported · 2 sourcesChicago
PrairieGold Venture PartnersreportedSioux Falls · $250K – $2Mvia Mike Jerstad · board

Also in the syndicate · 1

Bluestem Capital

Reported raises · per SEC filings

Form D private placements

$99M disclosed across 8 of 9 rounds · 2015–2026

▶$7.9MraisedMay 2025 · 62 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Tom ShehabDirector
  • Fred RobertsonDirector
  • Tao LinDirector
  • John P. MurphyExecutive Officer, Director
  • Fernando PachecoDirector
  • Mukund SrinivasanExecutive Officer
  • Tyler StowaterDirector
Offering amount
$25M
Amount sold
$7.9M
First sale
Mar 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$11MraisedJun 2023 · 33 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Fernando PachecoDirector
  • John P. MurphyExecutive Officer, Director
  • Tao LinDirector
  • Tyler StowaterDirector
  • Mukund SrinivasanExecutive Officer
  • Fred RobertsonDirector
Offering amount
$22.5M
Amount sold
$11M
First sale
Jun 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$46.6MraisedDec 2021 · 62 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Rob BarmannDirector
  • Lewei WangDirector
  • Amy KobeDirector
  • John P. MurphyExecutive Officer, Director
  • Tyler StowaterDirector
Offering amount
$46.6M
Amount sold
$46.6M
First sale
Nov 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4MraisedOct 2021 · 15 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Lewei WangDirector
  • Mike JerstadDirector
  • Shane FarritorExecutive Officer, Director
  • John P. MurphyExecutive Officer, Director
  • Tyler StowaterDirector
  • Steve KirbyDirector
Offering amount
$4M
Amount sold
$4M
First sale
Sep 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10.1MraisedOct 2019 · 14 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Shane FarritorExecutive Officer, Director
  • John P. MurphyExecutive Officer, Director
  • Sandy HorstDirector
  • Steve KirbyDirector
  • Mike JerstadDirector
  • Shi ShenghaoDirector
Offering amount
$25M
Amount sold
$10.1M
First sale
Oct 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.3MraisedAug 2019 · 5 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Shane FarritorExecutive Officer, Director
  • Steve KirbyDirector
  • John P. MurphyExecutive Officer, Director
  • Shi ShenghaoDirector
  • Sandy HorstDirector
  • Mike JerstadDirector
Offering amount
$3M
Amount sold
$2.3M
First sale
Jun 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$15.3MraisedDec 2017 · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Sandy HorstDirector
  • John MurphyExecutive Officer, Director
  • Shane FarritorExecutive Officer, Director
  • Steve KirbyDirector
  • Mike JerstadDirector
Offering amount
$18.3M
Amount sold
$15.3M
Minimum investment
$65.2K
First sale
Dec 2017
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.8MraisedJul 2015 · 5 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Dmitry OleynikovDirector
  • Mike JerstadDirector
  • John MurphyExecutive Officer, Director
  • Steve KirbyDirector
  • Shane FarritorExecutive Officer, Director
Offering amount
$4.4M
Amount sold
$1.8M
Minimum investment
$50K
First sale
Jun 2015
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 6

by search overlap
Intuitive35 shared keywordsIntuitive develops robotic-assisted surgical systems, including the da Vinci systems for minimally invasive surgery and the Ion system for bronchoscopy. Its products are medical devices used by surgeons and physicians in healthcare settings.
Vicarious Surgical32 shared keywordsVicarious Surgical develops a surgical robot for minimally invasive laparoscopic procedures, providing surgeons with 3D visualization and precise control. The system, which has received FDA Breakthrough Device Designation, targets hospitals, surgeons, and patients seeking advanced surgical care.
Rf Surgical23 shared keywordsMedtronic is a healthcare technology company that develops medical devices and technologies — including pacemakers, robotic-assisted surgery systems, and AI-driven health tools — used by doctors, scientists, and engineers to treat pain and disease. It works with clinicians to create solutions aimed at treating conditions such as AFib.
Moon Surgical17 shared keywordsMoon Surgical develops the Maestro robotic surgery system, a digital surgical robotics platform used by surgeons to perform procedures. The company, with a French-American team, has received FDA clearance and CE mark for its system.
Horizonsurgicalsystems16 shared keywordsHorizon Surgical Systems develops surgical robotics for ophthalmic procedures, with a focus on improving cataract surgery. Its technology, spun out of research at UCLA, uses AI-trained imaging to make cataract care more precise and consistent.
Uclahealth16 shared keywordsUCLA Health is a major academic health system providing patient care across five hospitals and 290 clinics in Southern California and the Central Coast, alongside research and medical education. The organization conducts pioneering research in oncology, transplantation, neurosurgery, and other specialties, having contributed to the development of numerous FDA-approved treatments.

Companies competing with Virtual Incision for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Lincoln surgical company gets $30 million investmentbeatricedailysun.com · May 2026Virtual Incision Announces $30M Series C Extensionsurgicalroboticstechnology.com · Sep 2023Virtual Incision Extends Series C Round with Additional $30M Funding - Virtual Incisionvirtualincision.com · Sep 2023Baird Capital Invests in Virtual Incision | Baird Capitalbairdcapital.com · Nov 2021Virtual Incision Raises $20M in Series B+ Funding | FinSMEsfinsmes.com · Jan 2020UNL | Faculty startup Virtual Incision receives another $20M investment | Office of Research and Innovationresearch.unl.edu

Frequently asked questions

What does Virtual Incision do?
Virtual Incision develops a miniaturized robotic-assisted surgery (miniRAS) system called MIRA, designed to fit within hospitals' existing infrastructure. The company targets patients, surgeons, and healthcare facilities in the surgical robotics and medical device market.
Who founded Virtual Incision?
Virtual Incision was founded by Dmitry Oleynikov, Shane Farritor in 2006.
Who are Virtual Incision's investors?
Virtual Incision's investors include Arboretum Ventures, Endeavour Vision, Invest Nebraska, InVivium Capital, Baird Capital, PrairieGold Venture Partners.
How much funding has Virtual Incision raised?
Virtual Incision has disclosed $99M raised across 8 of its 9 known rounds.
Where is Virtual Incision headquartered?
Virtual Incision is headquartered in Lincoln, US.