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- Sight Diagnostics
Sight Diagnostics Funding, Investors & Competitors
Sight Diagnostics has raised $121M across 4 funding rounds, most recently a $71M Series D in August 2020.
Last Sight Diagnostics funding round
$71M
Series D · Aug 2020
Cumulative funding Sight Diagnostics raised
$121M
across 4 funding rounds
Key investors in Sight Diagnostics
OurCrowd
New Alliance Capital
GO CAPITAL
Clal Biotechnology
Longliv Ventures
Innovation Endeavors
Koch Disruptive Technologies
Emery Capital
About Sight Diagnostics
Sight Diagnostics is a Jerusalem-headquartered medtech company developing AI-powered blood analyzers. Its OLO device, FDA 510(k)-cleared in 2020, performs complete blood counts from finger-prick samples in minutes using digital microscopy. Previously, Parasight conducted nearly one million malaria tests in 24 countries. Sight maintains commercial operations across five continents with offices in London and New York.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sight Diagnostics Funding History
Sight Diagnostics has raised a total of $121M across 4 funding rounds.
Sight Diagnostics' first fundraising round was a $6M Series A in November 2014. The most recent completed round was a $71M Series D in August 2020.
Sight Diagnostics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2020 | Series D | Koch Disruptive Technologies (lead); New Alliance Capital; OurCrowd; Clal Biotechnology; Longliv Ventures; GO CAPITAL | $71M | Sight Diagnostics is an Israel-based medtech company developing the OLO, an FDA-cleared fingerstick Complete Blood Count (CBC) analyzer using machine vision and AI to provide results comparable to lab tests in minutes. The device received 510(k) clearance for moderate complexity labs and has been deployed in facilities like Sheba Medical Center in Israel during COVID-19. The founding team includes alumni from Mobileye, positioning the company to decentralize blood diagnostics and expand access. In August 2020, Sight Diagnostics raised a $71 million Series D round led by Koch Disruptive Technologies, with participation from Longliv Ventures (previous Series C lead), OurCrowd, and others including Clal Biotechnology, GO CAPITAL, and New Alliance Capital. This brought total funding to over $124 million. Funds will support U.S. market expansion following FDA clearance, with plans to deploy over 1,000 analyzers via contracts with healthcare providers and partners, and collaborations with pharma like Pfizer for treatments. The company had around 100 employees focused on R&D, with offices in New York and London. Sight competes in blood diagnostics, offering a working alternative to failed attempts like Theranos, emphasizing point-of-care efficiency and safety for patients and hospitals amid pandemic needs. Koch Disruptive Technologies highlighted the technology's potential to transform diagnostics globally. |
| Feb 2019 | Series C | Longliv Ventures (lead); Jack Nicklaus II; New Alliance Capital; OurCrowd; GO CAPITAL; Steven Esrick | $28M | Sight Diagnostics is an Israeli medtech startup founded in 2011 that develops the OLO, a point-of-care desktop analyzer using AI and image processing to deliver lab-grade complete blood count (CBC) results from finger-prick blood samples in minutes. The company secured CE Mark approval for OLO in Europe following clinical trials and launched commercially there, targeting markets like the UK, Italy, and Nordics, while pursuing FDA approval in the US for oncology and pediatrics applications. On February 14, 2019, Sight closed a $27.8 million Series C funding round led by Longliv Ventures with a $10 million strategic investment, joined by Jack Nicklaus II, Steven Esrick, a major medical equipment manufacturer, and existing investors OurCrowd, Go Capital, and New Alliance Capital. This brought total funding raised to over $50 million at the time. Proceeds were allocated to ramp up global commercialization and sales expansion of OLO, as well as R&D to broaden its diagnostic test menu. |
| Sep 2016 | Series B | New Alliance Capital; OurCrowd; GEOC | $16M | - |
| Nov 2014 | Series A | Innovation Endeavors; OurCrowd; Emery Capital; Clal Biotechnology | $6M | - |
Who has invested in Sight Diagnostics?
11 investors have backed Sight Diagnostics across its funding rounds, including OurCrowd, New Alliance Capital, GO CAPITAL, Clal Biotechnology, Longliv Ventures and Innovation Endeavors.
Lead investors include Koch Disruptive Technologies and Longliv Ventures.
Sight Diagnostics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Nov 2014 | ||
| 3 | Participant | Sep 2016 | ||
| 2 | Participant | Nov 2014 | ||
| 2 | Lead | Feb 2019 | ||
| 2 | Participant | Feb 2019 | ||
| 1 | Participant | Nov 2014 | ||
| -- | 1 | Participant | Feb 2019 | |
| 1 | Lead | Aug 2020 | ||
| 1 | Participant | Nov 2014 | ||
This data is available for Pro users. Sign up to see all 11 Sight Diagnostics investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSight Diagnostics Competitors
Sight Diagnostics competitors include listed companies like Detection Technology, Natera, Agilent and GE HealthCare, and private ones like Neko Health and Olive Healthcare.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $116M | $11M | $128M | 0.9x | ||
| Publicly listed | $2.3B | ($266M) | $53B | 19.0x | ||
| Publicly listed | $6.9B | $1.8B | $44B | 6.2x | ||
| Publicly listed | $21B | $3.7B | $29B | 1.8x | ||
| Private | - | - | $7B | - | ||
| Private | - | - | $4B | - |
Sight Diagnostics Public Comps
Sight Diagnostics is still privately-owned, but its public comps include Natera, Agilent, GE HealthCare, Quest Diagnostics, Labcorp, Guardant Health, Revvity, Pro Medicus, United Imaging and bioMérieux.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | ($266M) | 22.5x | 19.0x | (195.0x) | (261.5x) | |||
| $6.9B | $1.8B | 6.7x | 6.2x | 26.1x | 21.0x | |||
| $21B | $3.7B | 1.8x | 1.8x | 10.1x | 10.0x | |||
| $11B | $2.2B | 3.0x | 2.9x | 15.5x | 14.5x | |||
| $14B | $2B | 2.4x | 2.3x | 16.3x | 13.0x | |||
| $982M | ($408M) | 25.7x | 20.2x | (61.8x) | (129.5x) | |||
| $2.9B | $735M | 6.5x | 6.6x | 25.4x | 21.0x | |||
| $186M | $147M | 66.6x | 62.7x | 84.4x | 77.6x | |||
This data is available for Pro users. Sign up to see all Sight Diagnostics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sight Diagnostics
| When was Sight Diagnostics founded? | Sight Diagnostics was founded in 2011. |
| Where is Sight Diagnostics headquartered? | Sight Diagnostics is headquartered in Tel Aviv, Israel. |
| Is Sight Diagnostics publicly listed? | No, Sight Diagnostics is a private, VC-backed company. |
| How much funding has Sight Diagnostics raised? | Sight Diagnostics has raised $121M across 4 funding rounds. |
| What was Sight Diagnostics' last funding round? | Sight Diagnostics' last funding round was a $71M Series D in August 2020, led by Koch Disruptive Technologies. |
| Who are Sight Diagnostics' investors? | Sight Diagnostics' investors include OurCrowd, New Alliance Capital, Clal Biotechnology, Longliv Ventures, GO CAPITAL, Innovation Endeavors, Jack Nicklaus II, Koch Disruptive Technologies, Emery Capital, Steven Esrick and 1 other. |
| Which companies are comparable to Sight Diagnostics? | Companies comparable to Sight Diagnostics include Detection Technology, Natera, Agilent, GE HealthCare, Neko Health and Olive Healthcare. |
See companies similar to Sight Diagnostics
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