About Medical Instrument Development Laboratories
Medical Instrument Development Laboratories is a Healthcare company based in San Leandro (United States) founded in 1981, and was acquired by HOYA Surgical Optics in October 2018. It develops ophthalmic products for ophthalmic system manufacturers. 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. Its chief executive, as recorded, is Kai Chen. Medical Instrument Development Laboratories offers products and services including Vitreous Cutters, Bi-Blade Vitreous Cutters, and Single-Step Cannula Insertion System. Its focus areas include Life Sciences, Ophthalmology, Medical Devices and Therapy. Its legal entity is MID Labs Ltd. Its competitors include Kodiak Sciences, Second Sight and Eyedaptic; 3 of its 3 listed competitors have raised funding.
Company details
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
- Headquarters San Leandro, United States
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website midlabs.com
- Social LinkedIn
- Acquired by HOYA Surgical Optics (Oct 2018)
- Legal Name Mid Labs Ltd.
- Total Equity Funding$50M (USD)
in 1 rounds
- Latest Funding Round$50M (USD), Series C
Oct 2014
- InvestorsOrbimed
& 3 more
- Investments & Acquisitions
- Acquired byHOYA Surgical Optics
(Oct 2018)
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.
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 $50M
- Total Rounds 1
- Last Round Series C — $50M
- First Round $50M
(Oct 2014)
- Investors Count 3
All 1 funding rounds of Medical Instrument Development Laboratories with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2014 | $50M | Series C | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields. | 1989 | orbimed.com | New York, United States | |
| frontlinebioventures.com | ||||
China-based startups are invested in by SBCVC across diverse sectors. | sbcvc.com | Shanghai, China | ||
Develops innovative technologies for intraocular lenses. | 1987 | hoyasurgicaloptics.com | Singapore, Singapore |
Investor details for Medical Instrument Development Laboratories
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People of Medical Instrument Development Laboratories
2 people are tracked at Medical Instrument Development Laboratories (2 in leadership).
| Name | Role | Group |
|---|---|---|
Kai Chen | CEO | Leadership |
Arlene Alvarez | Director, QA/RA | Leadership |
Complete people profiles for Medical Instrument Development Laboratories
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Developer of ophthalmic surgical devices and consumables | ruck-gmbh.de | Eschweiler, Germany | 1981 | Apr 2016 | •••• |
Complete acquisition details for Medical Instrument Development Laboratories
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Timeline of Medical Instrument Development Laboratories
4 dated milestones of Medical Instrument Development Laboratories across 37 years, from founding to its latest funding, stage changes and deals.
- Founded Medical Instrument Development Laboratories is founded.
- Funding First funding round of $50.0M.
- Acquisition Acquires Fritz Ruck.
- Exit Acquired by HOYA Surgical Optics.
Competitors of Medical Instrument Development Laboratories
Medical Instrument Development Laboratories has 3 listed competitors in our database, 3 of them funded. They include Kodiak Sciences, Second Sight and Eyedaptic.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kodiak.com | 2009 | Palo Alto, United States | $35.84M | 112 | Therapeutics for retinal diseases are developed by the company. | |
| secondsight.com | 2000 | Los Angeles, United States | $52.3M | 14 | Implantable visual prosthetics for blind individuals are developed and provided. | |
| eyedaptic.com | 2016 | Laguna Niguel, United States | $1.42M | A wearable augmented reality vision assistance solution |
Detailed competitors of Medical Instrument Development Laboratories
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Web traffic of Medical Instrument Development Laboratories
The website of Medical Instrument Development Laboratories (midlabs.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 355.6% vs previous month
Websites whose visitors overlap most with Medical Instrument Development Laboratories. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| eylabs.com | 100% | #5,913,034 | View details | ||
myaccount.pureformulas.com | myaccount.pureformulas.com | 99% | – |
Top companies in Ophthalmology
3 companies that operate in the same segment as Medical Instrument Development Laboratories (Ophthalmology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a wide range of eye care products | 1945 | Fort Worth, Texas, United States | USD 171.61 M | USD 9.64 B | 25,600 | |
Genetic medicines are developed by 4DMT for transformative therapies. | 2013 | Emeryville, California, United States | USD 186.59 M | USD 85.21 M | 227 | |
Developer of antibodies to treat complement-mediated neurodegenerative diseases | 2011 | San Francisco, California, United States | USD 256 M | 100 |
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Related news about Medical Instrument Development Laboratories
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Frequently Asked Questions about Medical Instrument Development Laboratories
Medical Instrument Development Laboratories was founded in 1981 and raised its 1st funding round 33 years after it was founded.
Medical Instrument Development Laboratories is headquartered in San Leandro, United States. It is registered at San Leandro, California, United States.
Kai Chen is the CEO of Medical Instrument Development Laboratories, as recorded in our data.
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 2014.
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.
Medical Instrument Development Laboratories's top competitors include Kodiak Sciences, Second Sight and Eyedaptic.
Medical Instrument Development Laboratories offers Vitreous Cutters, Bi-Blade Vitreous Cutters, and Single-Step Cannula Insertion System.
Medical Instrument Development Laboratories has made 1 acquisition, including Fritz Ruck.
Medical Instrument Development Laboratories has 4 investors. Key investors include Orbimed, Frontline BioVentures, SBCVC, and HOYA Surgical Optics.
Medical Instrument Development Laboratories operates through Mid Labs Ltd..
Yes. Medical Instrument Development Laboratories was acquired by HOYA Surgical Optics in October 2018.