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- OrCam Technologies
OrCam Technologies Revenue, Valuation, Funding & Investors
OrCam Technologies is valued at $1B as of February 2018.
Last OrCam Technologies valuation
$1B
Undisclosed stage · Feb 2018
Last OrCam Technologies funding round
$30M
Undisclosed stage · Feb 2018
OrCam Technologies revenue
$10M
Undisclosed stage · Apr 2017
Key investors in OrCam Technologies
b2venture
Intel Capital
Meitav Investment House
Clal Insurance
About OrCam Technologies
OrCam Technologies is a Tel Aviv-based developer of wearable visual aid devices. The OrCam MyEye 2.0 clips onto eyeglasses and reads text aloud, recognizes faces, identifies products, and detects colors via AI-powered camera. Founded in 2010, the company serves people with vision impairment, dyslexia, and reading difficulties. OrCam partners with retailers like Boots and distributes globally.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$10M (Apr 2017)
Valuation
$1B (Feb 2018)
Sectors
OrCam Technologies Valuation
OrCam Technologies is currently valued at $1B, based on its undisclosed-stage round in February 2018.
The $30M round was led by Clal Insurance and Meitav Investment House, with participation from b2venture.
OrCam Technologies' valuation has grown 1.8x from $559M at its undisclosed-stage round in April 2017 to $1B in February 2018, across 2 priced rounds.
OrCam Technologies valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2018 | Undisclosed stage | $1B | - |
| Apr 2017 | Undisclosed stage | $559M | 55.9x |
OrCam Technologies Revenue
OrCam Technologies' latest recorded revenue is $10M, as of its undisclosed-stage round in April 2017. At a $559M valuation, that implies a 55.9x revenue multiple.
OrCam Technologies revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2017 | $10M | $559M | 55.9x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
OrCam Technologies Funding History
OrCam Technologies has raised a total of $86M across 3 funding rounds.
OrCam Technologies' first fundraising round was a $15M Series A in March 2014. The most recent completed round was a $30M undisclosed-stage round in February 2018.
OrCam Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2018 | Undisclosed stage | Clal Insurance (lead); Meitav Investment House (lead); b2venture | $30M | $1B | OrCam Technologies, founded in 2010 in Jerusalem by Mobileye co-founders Amnon Shashua and Ziv Aviram, develops AI-powered wearable devices that assist blind, visually impaired, or reading-challenged individuals. Its flagship OrCam MyEye attaches to eyeglasses via a camera and processes visual data in real-time to read text from any surface, recognize faces, identify products, and provide voice feedback without needing a smartphone or internet connectivity. The MyEye 2.0, launched in December 2017, introduced wireless and compact design improvements for enhanced user independence in daily tasks like reading newspapers, menus, or books. In February 2018, OrCam raised $30.4 million in a Series B extension led by Clal Insurance Enterprises Holdings and Meitav Dash Provident Funds and Pension, with participation from existing investors. This round valued the company at a pre-money $1 billion, achieved by selling approximately a 3% stake, bringing total funding to around $130 million across prior rounds including a $15M Series A in 2014 and $41M Series B in 2017. Funds were allocated to fuel R&D, accelerate product innovation, scale manufacturing, and expand commercialization efforts. The unicorn status positioned OrCam toward a potential IPO, with CEO Ziv Aviram targeting $1.5-2 billion valuation and profitability by 2019 while broadening applications to dyslexia and reading fatigue users. |
| Apr 2017 | Undisclosed stage | b2venture | $41M | $559M | OrCam Technologies develops wearable devices using artificial vision technology to assist blind and visually impaired individuals in daily navigation and tasks, founded by Amnon Shashua and Ziv Aviram, who also founded Mobileye. OrCam supports 25 languages and targets the global market of 300 million people with visual impairments. Prior rounds included a $15 million raise in March 2014 and a $6.1 million Series A in October 2015 at $50 million valuation. The company raised $41 million in a venture round in March or April 2017, with Equitybee reporting a $559 million valuation for this specific round. By 2018, OrCam raised $30 million (or $30.4 million per sources) at a valuation just over $1 billion, bringing total funding to around $90-116 million across multiple rounds. Investors in later rounds included Intel Capital, Aviv Ventures, Meitav Dash Investments, and Clal Insurance. |
| Mar 2014 | Series A | Intel Capital (lead) | $15M | - | OrCam Technologies develops wearable devices that assist blind and visually impaired people by reading text, recognizing faces, identifying products, colors, and currency using AI and computer vision. The company was founded in 2010 by Amnon Shashua and Ziv Aviram, co-founders of Mobileye. Intel Capital invested $15 million in OrCam around March 2014, as part of its portfolio in assistive technologies, with the OrCam device already on the market priced at $2,500. This investment aligned with Intel's interest in perceptual computing, emotion-reading cameras, and healthcare applications, creating synergy for product improvements. OrCam has raised additional funds in later rounds, including $30 million in 2018 at over $1 billion valuation, bringing total funding to around $77-129 million from investors like Intel Capital, Clal Insurance, and Meitav Dash. The company planned a 2021 New York IPO targeting $3 billion valuation and $300 million raise. |
Who has invested in OrCam Technologies?
4 investors have backed OrCam Technologies across its funding rounds, including b2venture, Intel Capital, Meitav Investment House and Clal Insurance.
Lead investors include Clal Insurance, Meitav Investment House and Intel Capital.
OrCam Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Apr 2017 | ||
| 1 | Lead | Feb 2018 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOrCam Technologies Competitors
OrCam Technologies competitors include listed companies like Obsidian Therapeutics and SEEGENE, and private ones like BenevolentAI, Cornerstone Robotics, Dental Monitoring and AcuityMD.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $10M | - | $1B | 100.0x | ||
| Private | - | - | $1B | - | ||
| Private | $91M | - | $1B | - | ||
| Private | - | - | $955M | - | ||
| Publicly listed | - | ($104M) | $1.1B | - | ||
| Publicly listed | $345M | $85M | $1.1B | 2.1x |
OrCam Technologies Public Comps
OrCam Technologies is still privately-owned, but its public comps include Enovis, CeriBell, Wandong Medical, iRadimed, Staar Surgical, Mani Inc., Obsidian Therapeutics, Shinva, PHC Holdings and Shanghai Haohai.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.2B | ($830M) | 1.1x | 1.0x | (2.9x) | 5.7x | |||
| $89M | ($50M) | 9.6x | 7.9x | (17.0x) | (14.2x) | |||
| $201M | ($46M) | 3.1x | 3.2x | (13.7x) | - | |||
| $84M | $28M | 11.9x | 11.2x | 36.3x | 32.8x | |||
| $239M | ($37M) | 3.8x | 3.0x | (24.7x) | 21.5x | |||
| $193M | $60M | 4.0x | 3.6x | 12.9x | 9.7x | |||
| - | ($104M) | - | - | (13.0x) | - | |||
| $1.5B | $126M | 0.6x | 0.6x | 6.7x | 6.7x | |||
This data is available for Pro users. Sign up to see all OrCam Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about OrCam Technologies
| When was OrCam Technologies founded? | OrCam Technologies was founded in 2010. |
| Where is OrCam Technologies headquartered? | OrCam Technologies is headquartered in Jerusalem, Israel. |
| Is OrCam Technologies publicly listed? | No, OrCam Technologies is a private, VC-backed company. |
| What is OrCam Technologies' valuation? | OrCam Technologies was last valued at $1B in its undisclosed-stage round in February 2018. |
| How much funding has OrCam Technologies raised? | OrCam Technologies has raised $86M across 3 funding rounds. |
| What was OrCam Technologies' last funding round? | OrCam Technologies' last funding round was a $30M undisclosed-stage round in February 2018, led by Clal Insurance and Meitav Investment House. |
| Who are OrCam Technologies' investors? | OrCam Technologies' investors include b2venture, Clal Insurance, Intel Capital and Meitav Investment House. |
| What is OrCam Technologies' revenue? | OrCam Technologies' latest recorded revenue is $10M (April 2017). |
| What is OrCam Technologies' revenue multiple? | OrCam Technologies' latest valuation implies a 55.9x revenue multiple ($559M valuation on $10M of revenue). |
| Which companies are comparable to OrCam Technologies? | Companies comparable to OrCam Technologies include BenevolentAI, Cornerstone Robotics, Dental Monitoring, AcuityMD, Obsidian Therapeutics and SEEGENE. |
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