Oath Surgical Secures $10M to Revolutionize Outpatient Care with AI

PORTLAND, OR – May 18, 2025 – A new and innovative player in the healthcare landscape, Oath Surgical, today announced its official emergence from stealth mode, revealing it has successfully secured over $10 million in initial funding. This significant investment marks a pivotal moment for the company, as it sets its sights on fundamentally transforming the delivery of outpatient surgical care. Oath Surgical plans to achieve this ambitious goal through a strategic combination of establishing its own state-of-the-art surgical centers and deploying its proprietary, AI-powered operating system, OathOS.

The timing of Oath Surgical’s public debut aligns with a growing industry recognition of the numerous advantages offered by Ambulatory Surgical Centers (ASCs). These specialized facilities provide a more cost-effective and streamlined alternative to traditional hospital settings. Patients often benefit from reduced wait times, a lower risk of infection, and a more personalized care experience. Industry projections underscore this trend, with the U.S. and European ASC market anticipated to reach an impressive $157.8 billion by 2030. This robust growth is largely driven by escalating healthcare costs, a widespread shift towards outpatient procedures, and continuous advancements in medical technology.

Oath Surgical is led by Dr. Oliver Keown, a seasoned physician and accomplished healthcare investor who previously served as the head of Intuitive Ventures. Dr. Keown identified a critical gap in the existing surgical care ecosystem. He noted that traditional hospitals often suffer from fragmentation and high costs, while many digital health solutions, despite their abundance, frequently operate in isolated silos. Oath Surgical directly addresses this fragmentation, embarking on the ambitious task of building a new, integrated system from the ground up.

At the core of Oath Surgical’s innovative approach is OathOS, the company’s flagship technology. This comprehensive, full-stack solution integrates advanced AI for automated charting and transcribing. It also provides real-time data analytics, precise cost tracking, and insightful surgical performance metrics. This vertical integration is a key differentiator for Oath Surgical, enabling a seamless, technology-driven connection among patients, healthcare providers, and payers. From the initial pre-operative referral to automated post-recovery follow-ups, OathOS meticulously manages the entire surgical journey. This holistic approach facilitates meaningful AI application and allows for accurate measurement of true surgical return on investment.

Oath Surgical has already established a strong operational foundation with two surgical centers currently active in Portland, Oregon. Furthermore, a third brand-new center is actively under development. These facilities are meticulously designed to handle complex, multispecialty procedures. Significantly, these centers also boast an average cost savings of up to 40% when compared to equivalent hospital-based procedures. Moreover, their digital-first design prioritizes both operational efficiency and an enhanced patient experience.

A fundamental pillar of Oath Surgical’s operational model is its commitment to surgeon-centricity. The company offers surgeons a direct stake in the centers where they practice, providing them with advanced tools to monitor and improve their performance. Oath Surgical also actively supports surgeons in their participation in value-based care programs. This collaborative structure aims to empower surgeons, allowing them to maintain greater control over their professional practice. To ensure the highest standards of care, every surgeon undergoes a rigorous internal quality review process, which evaluates their experience, patient outcomes, and adherence to Oath’s stringent quality benchmarks.

The successful seed funding round, exceeding $10 million, saw participation from a distinguished group of investors. These included Oxford Science Enterprises, Black Opal Ventures, Rogue VC, Tau Ventures, and First Spark Ventures. This substantial financial backing not only validates Oath Surgical’s ambitious vision but also provides the necessary capital to fuel its aggressive plans for national expansion. Oath Surgical is poised to become a widely distributed, next-generation alternative to the traditional hospital-centric surgical model, aiming to bring high-quality, efficient surgical care closer to patients across the nation.