About PowerVision Lens
PowerVision Lens is a company based in Belmont (United States) founded in 2002 was acquired by Alcon in March 2019.. PowerVision Lens has raised $109.06 million across 6 funding rounds from investors including Medtronic, Alcon and J P Morgan. The company has 59 employees as of December 31, 2014. PowerVision Lens operates in a competitive market with competitors including RxSight, STAAR Surgical, Atia Vision, Nayam Innovations and Visiogen, among others.
- Headquarter Belmont, United States
- Employees 59 as on 31 Dec, 2014
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Sectors
Healthcare
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Phone
*********
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Website
*********
- Legal Name Powervision, Inc.
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Funding Insights of PowerVision Lens
PowerVision Lens has successfully raised a total of $109.06M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $45.06 million completed in July 2016. 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 6
- Last Round Series D — $45.1M
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First Round
First Round
(01 Jun 2005)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Series D - PowerVision Lens | Valuation | Venrock , Medtronic |
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| Dec, 2011 | Amount | Series C - PowerVision Lens | Valuation | Johnson & Johnson Innovation – JJDC | |
| Apr, 2011 | Amount | Series C - PowerVision Lens | Valuation | Medtronic , Venrock |
| 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 PowerVision Lens
PowerVision Lens has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Medtronic, Alcon and J P Morgan. 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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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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VC firm making investment in early stage startups in the US
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Founded Year | Domain | Location | |
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Secondary private equity and co-investments are managed diversely.
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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 PowerVision Lens
| 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 - PowerVision Lens
| 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 |
Powervision Lens Comparisons
Competitors of PowerVision Lens
PowerVision Lens 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 RxSight, STAAR Surgical, Atia Vision, Nayam Innovations and Visiogen, 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 |
Adjustable intraocular lens technology is developed using UV-sensitive macromers.
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| domain | founded_year | HQ Location |
Manufacturer of implantable lenses for the eye with companion delivery systems
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| domain | founded_year | HQ Location |
A presbyopia-correcting intraocular lens is developed for cataract patients.
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| domain | founded_year | HQ Location |
Artificial intraocular lenses for cataract treatment are developed.
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| domain | founded_year | HQ Location |
Dual optic intraocular lenses for cataract treatment were developed.
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| domain | founded_year | HQ Location |
Intraoperative guidance for IOL alignment in cataract surgery is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about PowerVision Lens
When was PowerVision Lens founded?
PowerVision Lens was founded in 2002 and raised its 1st funding round 3 years after it was founded.
Where is PowerVision Lens located?
PowerVision Lens is headquartered in Belmont, United States. It is registered at Belmont, California, United States.
Is PowerVision Lens a funded company?
PowerVision Lens is a funded company, having raised a total of $109.06M across 6 funding rounds to date. The company's 1st funding round was a Series C of $24.72M, raised on Jun 01, 2005.
How many employees does PowerVision Lens have?
As of Dec 31, 2014, the latest employee count at PowerVision Lens is 59.
What does PowerVision Lens do?
PowerVision was founded in 2002 in Belmont, United States, as a medical device company focused on ophthalmology. Implantable intraocular lenses, including the FluidVision model, are developed to accommodate natural eye muscle movements through contained fluid. Operations center on advancing lens technology for vision correction, though FDA approval remains pending. The domain powervisionlens.com is maintained for company information.
Who are the top competitors of PowerVision Lens?
PowerVision Lens's top competitors include RxSight, Nayam Innovations and Atia Vision.
Who are PowerVision Lens's investors?
PowerVision Lens has 11 investors. Key investors include Medtronic, Alcon, J P Morgan, Lexington Partners, and Frazier Healthcare Partners.