About Openwater
Openwater is a company based in San Francisco (United States) founded in 2016 by Mary Lou Jepsen.. Openwater has raised $54 million across 1 funding round from investors including Khosla Ventures, Plum Alley Investments and Bold Capital Partners. Openwater offers products and services including Open-LIFU 2.0 and Open-Motion 3.0. Openwater operates in a competitive market with competitors including Endotronix, Empatica, Edwards Lifesciences, CoachCare and BioIntelliSense, among others.
- Headquarter San Francisco, United States
- Founders Mary Lou Jepsen
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Sectors
HealthcareTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54 M (USD)
in 1 rounds
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Latest Funding Round
$54 M (USD), Series C
Aug 22, 2024
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Investors
Khosla Ventures
& 4 more
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Employee Count
Employee Count
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Products & Services of Openwater
Openwater offers a comprehensive portfolio of products and services, including Open-LIFU 2.0 and Open-Motion 3.0. 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.
Ultrasound device for disease treatment studies in research settings.
Infrared and ultrasound tool for cell manipulation in medical trials.
Funding Insights of Openwater
Openwater has successfully raised a total of $54M through 1 strategic funding round. The most recent funding activity was a Series C round of $54 million completed in August 2024. 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 — $54.0M
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First Round
First Round
(22 Aug 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2024 | Amount | Series C - Openwater | Valuation | Plum Alley Investments , Khosla Ventures |
| 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 |
Investors in Openwater
Openwater has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Khosla Ventures, Plum Alley Investments and Bold Capital Partners. 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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Early-stage startups are funded by this venture capital firm.
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Early-stage life sciences and tech focused VC firm investing primarily in the US
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Funds are raised for women entrepreneurs via donation-based crowdfunding.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Openwater
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Openwater
| 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 |
Openwater Comparisons
Competitors of Openwater
Openwater 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 Endotronix, Empatica, Edwards Lifesciences, CoachCare and BioIntelliSense, 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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Miniaturized wireless implantable sensors are developed for hemodynamic monitoring.
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Developer of a wrist band to monitor physiological signals
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Medical devices for structural heart disease are developed and provided.
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Remote monitoring platform for tracking patient activity
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Vital signs are monitored via a single-use patch and platform.
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Contactless patient monitoring is provided for mental health facilities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Openwater
Frequently Asked Questions about Openwater
When was Openwater founded?
Openwater was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Where is Openwater located?
Openwater is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Openwater?
Mary Lou Jepsen is the current CEO of Openwater. They have also founded this company.
Is Openwater a funded company?
Openwater is a funded company, having raised a total of $54M across 1 funding round to date. The company's 1st funding round was a Series C of $54M, raised on Aug 22, 2024.
What does Openwater do?
Openwater was founded in 2016 in San Francisco, United States, by Mary Lou Jepsen as CEO. Operations focus on health technology, with imaging solutions developed for medical diagnosis and treatments. A wearable headset is offered to address cancer and mental diseases while enabling cerebral blood flow measurement. Activities are centered in the medical imaging sector, supporting therapeutic applications.
Who are the top competitors of Openwater?
Openwater's top competitors include Endotronix, Empatica and Hyperfine.
What products or services does Openwater offer?
Openwater offers Open-LIFU 2.0 and Open-Motion 3.0.
Who are Openwater's investors?
Openwater has 5 investors. Key investors include Khosla Ventures, Plum Alley Investments, Bold Capital Partners, Esther Dyson, and Peter Gabriel.
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