Tech Company Financing Transactions
Openwater Funding Round
Openwater, based in San Francisco, scored $54 million from Bold Capital Partners, Khosla Ventures and Plum Alley Investments.
Transaction Overview
Company Name
Announced On
8/22/2024
Transaction Type
Venture Equity
Amount
$54,000,000
Round
Undisclosed
Proceeds Purpose
Openwater is enabling collaboration via open source development and sharing of safety data to reduce cost and speed rapid development and regulatory approval of new technologies.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
733 Front Street C1A
San Francisco, CA 94111
USA
San Francisco, CA 94111
USA
Phone
Undisclosed
Website
Email Address
Overview
We're pioneering the use of infrared and ultrasound to safely and effectively treat the world's most devastating diseases. Openwater was founded in 2016 to explore an idea: What if advancements in fields as diverse as consumer electronics, semiconductor device physics, and artificial intelligence could come together for a future where the profound act of curing disease becomes a reality for all, transcending borders and transforming the course of human health. ?The world of healthcare diagnostics and therapeutics could be transformed the way that semiconductors and software have transformed everything else. This is no dream: 7 years into the journey of starting Openwater we now have strong clinical feasibility data that could lead to products which diagnose and treat a spectrum of diseases, from aggressive cancers to mental health disorders and debilitating strokes and beyond touching on treatments for COVID/long COVID, stimulating stem cells, and rejuvenation of senescent cells.
Management Team
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