About Medical Instrument Development Laboratories
Medical Instrument Development Laboratories is a company based in San Leandro (United States) founded in 1981 was acquired by HOYA Surgical Optics in October 2018.. Medical Instrument Development Laboratories has raised $50 million across 1 funding round from investors including Orbimed, Frontline BioVentures and SBCVC. Medical Instrument Development Laboratories has completed 1 acquisition, including Fritz Ruck. Medical Instrument Development Laboratories offers products and services including Vitreous Cutters, Bi-Blade Vitreous Cutters, and Single-Step Cannula Insertion System. Medical Instrument Development Laboratories operates in a competitive market with competitors including Kodiak Sciences, Pixium Vision, Second Sight, Eyedaptic and iScience Interventional, among others.
- Headquarter San Leandro, United States
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Mid Labs Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Series C
Oct 16, 2014
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Investors
Orbimed
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
HOYA Surgical Optics
(Oct 30, 2018)
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Products & Services of Medical Instrument Development Laboratories
Medical Instrument Development Laboratories offers a comprehensive portfolio of products and services, including Vitreous Cutters, Bi-Blade Vitreous Cutters, and Single-Step Cannula Insertion System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools for vitrectomy procedures to remove vitreous humor effectively.
Advanced cutters for precise ophthalmic surgical interventions.
System for simplified cannula placement in eye surgeries.
Funding Insights of Medical Instrument Development Laboratories
Medical Instrument Development Laboratories has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Series C round of $50 million completed in October 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $50.0M
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First Round
First Round
(16 Oct 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Series C - Medical Instrument Development Laboratories | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Medical Instrument Development Laboratories
Medical Instrument Development Laboratories has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Orbimed, Frontline BioVentures and SBCVC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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China-based startups are invested in by SBCVC across diverse sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Medical Instrument Development Laboratories
Medical Instrument Development Laboratories has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fritz Ruck. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer of ophthalmic surgical devices and consumables
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1981 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Medical Instrument Development Laboratories
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medical Instrument Development Laboratories Comparisons
Competitors of Medical Instrument Development Laboratories
Medical Instrument Development Laboratories operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kodiak Sciences, Pixium Vision, Second Sight, Eyedaptic and iScience Interventional, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Therapeutics for retinal diseases are developed by the company.
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| domain | founded_year | HQ Location |
Bionic vision restoration systems are provided for sight restoration.
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| domain | founded_year | HQ Location |
Implantable visual prosthetics for blind individuals are developed and provided.
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| domain | founded_year | HQ Location |
A wearable augmented reality vision assistance solution
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| domain | founded_year | HQ Location |
Microcatheter and imaging technologies for ophthalmic procedures are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medical Instrument Development Laboratories
Frequently Asked Questions about Medical Instrument Development Laboratories
When was Medical Instrument Development Laboratories founded?
Medical Instrument Development Laboratories was founded in 1981 and raised its 1st funding round 33 years after it was founded.
Where is Medical Instrument Development Laboratories located?
Medical Instrument Development Laboratories is headquartered in San Leandro, United States. It is registered at San Leandro, California, United States.
Who is the current CEO of Medical Instrument Development Laboratories?
Kai Chen is the current CEO of Medical Instrument Development Laboratories.
Is Medical Instrument Development Laboratories a funded company?
Medical Instrument Development Laboratories is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Series C of $50M, raised on Oct 16, 2014.
What does Medical Instrument Development Laboratories do?
Medical Instrument Development Laboratories develops ophthalmic products for ophthalmic system manufacturers. Their product offering includes Adaptable Vit Enhancer, Ultimate Vit Enhancer, Vitreous Cutters, Single Step Cannula Insertion Systems and Titanium Forceps.
Who are the top competitors of Medical Instrument Development Laboratories?
Medical Instrument Development Laboratories's top competitors include Kodiak Sciences, Second Sight and Pykus Therapeutics.
What products or services does Medical Instrument Development Laboratories offer?
Medical Instrument Development Laboratories offers Vitreous Cutters, Bi-Blade Vitreous Cutters, and Single-Step Cannula Insertion System.
How many acquisitions has Medical Instrument Development Laboratories made?
Medical Instrument Development Laboratories has made 1 acquisition, including Fritz Ruck.
Who are Medical Instrument Development Laboratories's investors?
Medical Instrument Development Laboratories has 4 investors. Key investors include Orbimed, Frontline BioVentures, SBCVC, and HOYA Surgical Optics.