About Ocutech
Ocutech is a company based in Chapel Hill (United States) founded in 1984.. Ocutech has raised $198.88 thousand across 2 funding rounds. Ocutech offers products and services including Bioptic Telescope, SideSight, and NEO Frames. Ocutech operates in a competitive market with competitors including Freedom Scientific, NuEyes, EnChroma, Vivid Vision and Humanware, among others.
- Headquarter Chapel Hill, 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 Ocutech Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$198.88 K (USD)
in 2 rounds
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Latest Funding Round
$48.88 K (USD), Unspecified
Dec 20, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of Ocutech
Ocutech offers a comprehensive portfolio of products and services, including Bioptic Telescope, SideSight, and NEO Frames. 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.
Device that magnifies vision for daily tasks and driving.
System for improving side vision in conditions like hemianopsia.
Multi-color frames for bioptic telescopes to enhance usability.
Funding Insights of Ocutech
Ocutech has successfully raised a total of $198.88K across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $48.88 thousand completed in December 2023. 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 2
- Last Round Unspecified — $48,880
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First Round
First Round
(15 Dec 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Unspecified - Ocutech | Valuation |
investors |
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| Dec, 2023 | Amount | Unspecified - Ocutech | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Ocutech
| 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 |
Financial Statements - Ocutech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Ocutech Comparisons
Competitors of Ocutech
Ocutech 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 Freedom Scientific, NuEyes, EnChroma, Vivid Vision and Humanware, 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 |
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| domain | founded_year | HQ Location |
Assistive technology products for visually impaired individuals are supplied.
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| domain | founded_year | HQ Location |
Visual magnification aids are supplied for sight-impaired individuals.
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| domain | founded_year | HQ Location |
Provider of eyewear for color blind people
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| domain | founded_year | HQ Location |
VR games are developed for vision treatment in clinics.
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| domain | founded_year | HQ Location |
Assistive technology products for blind and low-vision individuals are supplied.
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| domain | founded_year | HQ Location |
Provider of device for visually impaired
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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 Ocutech
Frequently Asked Questions about Ocutech
When was Ocutech founded?
Ocutech was founded in 1984 and raised its 1st funding round 39 years after it was founded.
Where is Ocutech located?
Ocutech is headquartered in Chapel Hill, United States. It is registered at Chapel Hill, North Carolina, United States.
Is Ocutech a funded company?
Ocutech is a funded company, having raised a total of $198.88K across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $150K, raised on Dec 15, 2023.
What does Ocutech do?
Ocutech was founded in 1984 and is located in Chapel Hill, United States. Bioptic low vision aids are developed by the company within the medical device sector. These devices, resembling miniature binoculars, enlarge images to enhance visibility for visually impaired users. Support is extended to individuals experiencing central vision loss through improved magnification capabilities. Operations focus on innovation in assistive technologies for low vision conditions.
Who are the top competitors of Ocutech?
Ocutech's top competitors include Freedom Scientific, EnChroma and TorchIt.
What products or services does Ocutech offer?
Ocutech offers Bioptic Telescope, SideSight, and NEO Frames.