The risk and part of the returns there are for the investors. While it will generate additional revenue (and diversification) for your bootstrapped company allowing you to keep building and mitigate some of the risk of having a narrow (military) client base.
And if it becomes a major success (sounds like pg thinks that's possible) you'll co-own it.
I do think your suggestion is a good approach, but what's key is finding smart investment that has experience in developing medical devices.
Do you have software that converts internal tracking info into pixel coordinates? Multiple screens?
Of course cost can be substantially decreased if everything was standardized and the mech engineering was done once. BOMs (excluding the high-end desktop computer) is about $2000-$3000. My dream would be to reduce that cost by moving the computer vision to compute modules per pairs of cameras reducing the BOM to < $1000 and avoiding the desktop.