About Transcend Medical
Transcend Medical is a Technology company based in Menlo Park (United States) founded in 2006, and was acquired by Alcon in February 2016. Minimally invasive glaucoma stents are developed to enhance aqueous outflow. It operates in the Technology and Healthcare sectors. Transcend Medical has raised $122.27 million across 4 funding rounds from investors including Alcon, Canaan and Finistere Ventures. The company has 20 employees. The company was acqui-hired. Its focus areas include Life Sciences, Ophthalmology, Medical Devices and Therapy. Its legal entity is TRANSCEND MEDICAL, INC. Its competitors include Glaukos, Myra Vision and Ivantis; 3 of its 3 listed competitors have raised funding.
Company details
Transcend Medical was founded in 2006 and is headquartered in Menlo Park, United States. Medical devices for minimally invasive glaucoma interventions are developed by the company within the ophthalmology sector. The CyPass Micro-Stent, implanted in the supraciliary space, is designed to reduce intraocular pressure by creating a micro-cyclodialysis that bypasses the ciliary body and targets the suprachoroidal outflow pathway, similar to prostaglandin analogues.
- Headquarters Menlo Park, United States
- Employees 20
- Stage Acquired
- SectorsTechnologyHealthcare
- Website transcendmedical.com
- Social LinkedIn X
- Acquired by Alcon (Feb 2016)
- Legal Name Transcend Medical, Inc
Funding Insights of Transcend Medical
Transcend Medical has successfully raised a total of $122.27M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $29.27 million completed in January 2015. 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 $122.27M
- Total Rounds 4
- Last Round Series C — $29.27M
- First Round $7M
(Nov 2006)
- Investors Count 9
All 4 funding rounds of Transcend Medical 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 |
|---|---|---|---|---|---|
| Jan 2015 | $29.27M | Series C | – | – | – |
| Jul 2011 | $51M | Series B | – | Finistere Ventures, Kaiser Permanente Ventures | |
| Jun 2009 | $35M | Series B | – | HLM Venture Partners | |
| Nov 2006 | $7M | Series A | – | – |
10 investors in total: 10 institutional.
Investors in Transcend Medical
Transcend Medical has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Alcon, Canaan and Finistere Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Canaan is recognized as an early-stage venture capital firm. | 1987 | canaan.com | San Francisco, United States | |
| finistere.com | ||||
VC firm investing in expansion stage tech and life sciences companies in the US | hlmvp.com | Waltham, United States | ||
Tech and Life Sciences focused corporate VC firm investing in the US | kpventures.com | Oakland, United States | ||
Early-stage healthcare startups are supported with venture capital. | lvpcapital.com | San Ramon, United States | ||
Venture capital and private equity investment firm | morgenthaler.com | Portola Valley, United States | ||
US venture capital investments are made across all stages. | splitrock.com | Eden Prairie, United States | ||
Investments are made in US life sciences and energy companies. | technologypartners.com | Palo Alto, United States | ||
Corporate-backed venture capital firm focused on fintech, energy, and multiple sectors | investorgrowthcapital.com | New York, United States | ||
Developer of a wide range of eye care products | 1945 | alcon.com | Fort Worth, United States |
Investor details for Transcend Medical
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Timeline of Transcend Medical
4 dated milestones of Transcend Medical across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Transcend Medical is founded.
- Funding First funding round of $7.0M.
- Funding Latest funding round, Series C, of $29.3M.
- Exit Acquired by Alcon.
Competitors of Transcend Medical
Transcend Medical has 3 listed competitors in our database, 3 of them funded. They include Glaukos, Myra Vision and Ivantis.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| glaukos.com | 2001 | Laguna Hills, United States | $117.57M | 907 | Developer of implants to treat glaucoma | |
| myravision.com | 2019 | Campbell, United States | $42M | Nanotechnology-based devices for glaucoma treatment are developed. | ||
| ivantisinc.com | 2007 | Irvine, United States | $166.23M | 132 | Implantable device to relieve intraocular pressure in open angle glaucoma |
Detailed competitors of Transcend Medical
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Top companies in Sensors & Smart Devices
3 companies that operate in the same segment as Transcend Medical (Sensors & Smart Devices) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,894 | |
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | |||
Cloud-based business telephony and home security services are provided. | 2004 | Palo Alto, California, United States | USD 87.97 M | USD 273.6 M | 1,190 |
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Frequently Asked Questions about Transcend Medical
Transcend Medical was founded in 2006.
Transcend Medical is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Transcend Medical is a funded company, having raised a total of $122.27M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Nov 2006.
Transcend Medical has 20 employees.
Transcend Medical was founded in 2006 and is headquartered in Menlo Park, United States. Medical devices for minimally invasive glaucoma interventions are developed by the company within the ophthalmology sector. The CyPass Micro-Stent, implanted in the supraciliary space, is designed to reduce intraocular pressure by creating a micro-cyclodialysis that bypasses the ciliary body and targets the suprachoroidal outflow pathway, similar to prostaglandin analogues.
Transcend Medical's top competitors include Glaukos, Myra Vision and Ivantis.
Transcend Medical has 10 investors. Key investors include Alcon, Canaan, Finistere Ventures, HLM Venture Partners, and Kaiser Permanente Ventures.
Transcend Medical operates through Transcend Medical, Inc.
Yes. Transcend Medical was acquired by Alcon in February 2016.