About Orbit Biomedical
Orbit Biomedical is a company based in Ambler (United States) founded in 2018 was acquired by Gyroscope in April 2019.. Orbit Biomedical has raised $12 million across 1 funding round from investors including Syncona and Novartis. Orbit Biomedical operates in a competitive market with competitors including Alcon, Sight Sciences, Keranova, Iantrek and Migos Medical, among others.
- Headquarter Ambler, 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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Board Team
8 people
Operations Team
5 people
Software Development Team
3 people
Human Resources and Administration
3 people
Leadership Team
2 people
Senior Team
2 people
Finance and Accounting
2 people
Product Management Team
2 people
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Funding Insights of Orbit Biomedical
Orbit Biomedical has successfully raised a total of $12M through 1 strategic funding round. The most recent funding activity was a Series A round of $12 million completed in June 2018. 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 A — $12.0M
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First Round
First Round
(14 Jun 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2018 | Amount | Series A - Orbit Biomedical | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Orbit Biomedical
Orbit Biomedical has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Syncona and Novartis. 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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Healthcare investments are managed via private equity by Syncona.
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Gene therapies for eye diseases, focusing on AMD, are developed.
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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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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 Orbit Biomedical
| 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 - Orbit Biomedical
| 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 |
Orbit Biomedical Comparisons
Competitors of Orbit Biomedical
Orbit Biomedical 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 Alcon, Sight Sciences, Keranova, Iantrek and Migos Medical, 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 |
Developer of a wide range of eye care products
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| domain | founded_year | HQ Location |
Surgical systems for ophthalmological disease treatment are developed.
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Surgical equipment for anterior chamber ophthalmic surgery is developed.
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Developer of a minimally invasive eye surgery technology
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Minimally invasive ophthalmology devices for glaucoma are developed.
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Orbit Biomedical
Frequently Asked Questions about Orbit Biomedical
When was Orbit Biomedical founded?
Orbit Biomedical was founded in 2018.
Where is Orbit Biomedical located?
Orbit Biomedical is headquartered in Ambler, United States. It is registered at Ambler, Pennsylvania, United States.
Is Orbit Biomedical a funded company?
Orbit Biomedical is a funded company, having raised a total of $12M across 1 funding round to date. The company's 1st funding round was a Series A of $12M, raised on Jun 14, 2018.
What does Orbit Biomedical do?
Orbit Biomedical was founded in 2018 and is headquartered in Ambler, United States. Operations center on the biomedical sector, where a specialized medical device is developed for ophthalmic surgery. This device enables delivery of one-time therapies to the subretinal space, targeting blinding eye diseases. Access to the subretinal space is achieved without vitrectomy or retinal piercing, supporting minimally invasive procedures in eye care.
Who are the top competitors of Orbit Biomedical?
Orbit Biomedical's top competitors include Alcon, Sight Sciences and Iantrek.
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