Eyedaptic Watch List

Description   Eyedaptic is a developer of  glasses who use augmented reality technology to ... More Description

 

Eyedaptic is a developer of  glasses who use augmented reality technology to improve vision for those who suffer from AMD (age-related macular degeneration) and other retinal disease and central vision impairments.

The company's wearable device leverages augmented reality and uses proprietary vision-enhancing software that effectively simulates a person's natural vision and is completely non-invasive and worn like glasses, enabling ophthalmology and optometry retinal specialists to improve the vision of those suffering from retinal disorders including AMD. The technology has demontrated efficacy through clinical study and over 500 hours of testing.

 

Reasons to Invest

  • 400 million people worldwide suffer from various retinal diseases and nearly half of them suffer from AMD (Age-Related Macular Degeneration)

  • The only Augmented Reality glasses on the market, with over 40 degrees FOV (Field-of-View), to simulate natural vision!

  • Eyedaptic has received multiple finalist awards across a variety of ophthalmology and technology organizations such as Vision Tank Start-Up Competition and Orange County High Tech.



 

Most Recent Financing Status

 

The company raises a planned $1.07 million of equity crowdfunding via StartEngine, putting the company's pre-money valuation at $12 million. Previously, the company raised $50,000 of angel funding in the form of options from undisclosed investors on March 5, 2021.

 

Website: www.eyedaptic.com

Entity Type: Private Company

Formerly Known As: Eyedaptic, LLC.

Legal Name: Eyedaptic, Inc.

Business Status: Generating Revenue

Ownership Status: Privately Held (backing)

Financing Status: Angel-Backed

Year Founded: 2016

Universe: Pre-venture

Employees: 6

 

Primary Industry :

Therapeutic Devices

Verticals :

Augmented Reality

Wearables & Quantified Self

What PitchBook Analysts Say :

"At the heart of the expanding healthtech industry is increasing recognition among consumers and industry participants that traditional provider-based medicine is not keeping up with evolving demands for health and well-being services. This recognition is evidenced in the rising cost of healthcare and the persistence of mediocre health outcomes. "

 

Q4 2020 Retail Health and Wellness Raises:



 

Primary Contact

Jay Cormier        Founder, President, Chief Executive Officer

Phone: +1 (949) 216-0816

Email:jay.cormier@eyedaptic.com

 

Primary Office

23421 South Pointe Drive

Laguna Hills, CA 92653

United States

info@eyedaptic.com

Phone: +1 (949) 209-9114

 

Team (4)

Jay Cormier        Founder, President, Chief Executive Officer

 

Mr. Jay Cormier is an experienced technology executive and entrepreneur, Jay has a strong track record of founding, growing, and turning around businesses. He has completed several successful exits totaling over $750M, across embedded software, SaaS, and hardware solutions. By leveraging his background at Analog Devices, Jay has led marketing, sales, engineering, operations, strategic partnerships, business development, new product strategy and execution. As Vice President & General Manager, Jay achieved exits at Teridian, Sierra Monolithics and Mindspeed using his expertise building high performance, execution-oriented multi-disciplinary teams. Jay earned his BS in Electrical Engineering from Worcester Polytechnic Institute and an MBA from Northeastern University.

 

Mitul Mehta  MD   Co-Founder & Chief Medical Officer

 

Mr. Mitul Mehta is a Co-Founder & serves as Chief Medical Officer at Eyedaptic. He is a board-certified ophthalmologist with fellowship training in medical and surgical diseases of the retina at UCI's Gavin Herbert Eye Institute. He earned his Medical Degree from the Keck School of Medicine of USC, and also holds a M.S. in BioPhysics from Georgetown and B.S. from MIT, where he first ventured into software startups. He completed fellowship training in vitreoretinal surgery at the New York Eye & Ear, and conducts research on surgical devices and techniques, as well as on vitreoretinal diseases, such as diabetic retinopathy and macular degeneration. Mitul is the cofounder of the online America Retina Forum and the Young Retina Forum as well as the editor of the retina section for the surgical education website, CSurgeries.com

 

Brian Kim MD       Co-Founder & Medical Advisor

 

Dr. Brian Kim is a Co-Founder & serves as Medical Advisor at Eyedaptic. Brian is a board-certified ophthalmologist at Harvard Eye Associates who specializes in the clinical treatment of retinal and macular diseases including macular degeneration, diabetic retinopathy, retinal vascular occlusions, and other retinal conditions. He received his B.S. in Mechanical Engineering from Columbia University, and after graduation worked as a database programmer for Accenture in the pharmaceutical and biotechnology division. Brian went on to earn his Medical Degree from Pennsylvania State University, and completed a fellowship in Medical Retina at the Bascom Palmer Eye Institute in Florida, and has more than 15 published and presented novel research projects.

 

Dave Watola         Co-Founder & Chief Technology Officer

 

Mr. Dave Watola is a Co-Founder & serves as Chief Technology Officer at Eyedaptic. He began his career at the Caltech/NASA Jet Propulsion Laboratory after earning his BS and MS in Electrical Engineering at Washington State University. There he researched and implemented advanced receivers, statistical pattern recognition systems, machine learning algorithms, and error-correcting codes for their Communication Systems Research Section. He went on to help co-found Pivotal Technologies, developing IP for the then-emerging Bluetooth and DVI arena and was later acquired by Broadcom. He continued his startup work at Solarflare Communications, where he was deeply involved in all aspects of the technology. Dave has subsequently been applying image processing, machine learning, and statistical pattern recognition and decision making techniques to numerous cross-disciplinary software solutions.

 

 

 

 

Deal #3: Angel (individual), $0.05M, Completed; 05-Mar-2021

 

The company raised $50,000 of angel funding in the form of options from undisclosed investors on March 5, 2021.

Raised to Date: $2.15M

Business Status:

Generating Revenue

 

 

Deal #2: Angel (individual), $1.4M, Completed; 04-Feb-2020

The company raised $1.4 million of angel funding in the form of convertible note from Tech Coast Angels, , Band of Angels ,New York Angels, and other undisclosed investors on February 4, 2020, at a $6.9 million valuation.

 

Raised to Date: $2.1M

Business Status: Generating Revenue

 

Art Reidel , Band of Angels

Tech Coast Angels

 

Founded in 1997, Tech Coast Angels is an angel investor group headquartered in Los Angeles, California. The firm has been fueling the growth of innovative companies and entrepreneurs in Southern California. The firm prefers to invest in early-stage companies operating in the software, internet, green tech, consumer products, biotech, and medical devices sectors.

www.techcoastangels.com

 

 

Deal #1: Angel (individual), $0.7M, Completed; 18-May-2018

The company raised $700,000 of angel funding at a $5 million pre-money valuation from Tech Coast Angels and members of the American Retina Forum on May 18, 2018.

 

 

 

 

Comparison

 



 

News

 

https://crowdfundingfinder.com/updates/eyedaptic-extends-reach-to-those-with-low-vision-through-partnership-with-vispero

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