Stryker has bought the surgery monitoring software provider, which was backed by Stanford-StartX Fund.

Surgery technology producer Stryker has paid an undisclosed sum to acquire Gauss Surgical, a US-based peer backed by Stanford-StartX Fund, a vehicle aligned with Stanford University. Founded in 2011, Gauss has built a computer vision-powered software tool dubbed Triton, which is intended for use in operations helping surgeons detect blood loss. The company last received funding in October 2020 when it completed a $30m series C round with $10m from dental care provider Delta Dental of Michigan and Ohio’s 4100 Group and SoftBank Ventures Asia, a subsidiary of telecommunications and internet group SoftBank, as well as care providers Northwell Health, OSF Healthcare and Providence Health and Services, and Polaris Partners. Gauss closed a $20m first tranche of the series C round in 2018, featuring Stanford-StartX Fund, SoftBank Ventures Asia and health systems Northwell Health, Memorial Hermann Health System, UNC/Rex Healthcare, OSF Healthcare, Providence Healthcare, Orlando Health, Spectrum Health and Mount Sinai Health System. Polaris Partners’ LS Polaris Innovation Fund also took part, as did Promus Ventures, LifeForce Ventures and Jump Capital. Northwell and Memorial Hermann invested directly while the other care providers were represented respectively by Rex Health Ventures, OSF Ventures, Providence Ventures, Orlando Health Ventures, Spectrum Health Ventures and Mount Sinai Ventures. Providence Ventures had joined Summation Health Ventures, a vehicle for care providers MemorialCare Health System and Cedars-Sinai Health System, to provide $12.6m in series B funding for Gauss in 2016. Summation had chipped into the company’s $12m series A round, in 2015, which was led by Promus and which also featured LifeForce Ventures. Its shareholders additionally included Taube Investment Partners and various private investors. – A version of this article first appeared on our sister site, Global Corporate Venturing.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.