- Companies
- TOPI Imaging Technology
TOPI Imaging Technology Valuation, Funding & Investors
TOPI Imaging Technology is valued at $344M as of December 2022.
Last TOPI Imaging Technology valuation
$344M
Series C · Dec 2022
Last TOPI Imaging Technology funding round
Undisclosed stage
Amount undisclosed · Mar 2026
Cumulative funding TOPI Imaging Technology raised
$194M
across 6 funding rounds
Key investors in TOPI Imaging Technology
Matrix Partners China
Tsinghua Innovation Ventures
Sinoking Capital
Tao Capital
Beijing Robot Industry Fund
Qiming Venture Partners
TOPI Imaging Technology Overview
About TOPI Imaging Technology
TOPI Imaging Technology is a Taiwan-based medical device manufacturer producing optical coherence tomography systems for retinal diagnostics and swept-source optical biometers for intraocular lens calculations. The company's OCT devices image macular degeneration and glaucoma while biometers measure axial length pre-surgery. TOPI supplies systems to ophthalmology clinics in Asia and exports to Europe under ISO 13485 certification.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$344M (Dec 2022)
TOPI Imaging Technology Valuation
TOPI Imaging Technology is currently valued at $344M, based on its Series C in December 2022.
The $43M round was led by Sun Rock Capital, with participation from Kunlun Capital and Tao Capital.
TOPI Imaging Technology valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2022 | Series C | $344M |
TOPI Imaging Technology Funding History
TOPI Imaging Technology has raised a total of $194M across 6 funding rounds.
TOPI Imaging Technology's first fundraising round was a $23M Series A in January 2021. The most recent completed round was a undisclosed-stage round in March 2026.
TOPI Imaging Technology funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Mar 2026 | Undisclosed stage | Chengdu Science and Technology Venture Capital (lead); Matrix Partners China; Beijing Changping Science and Technology Park Development Group; Sichuan Science and Technology Innovation Investment Group; Qingshi Asset Management Group; Sinoking Capital; Beijing Robot Industry Fund; Tao Capital; Haoyue Capital; Shunxi Fund; Beijing Medical and Health Industry Investment Fund | - | - |
| Mar 2025 | Series E | Qiming Venture Partners; Beijing Robot Industry Fund; Legend Capital | $69M | - |
| Jun 2024 | Series D | Matrix Partners China (lead); ShenZhen GTJA Investment Group | $28M | - |
| Dec 2022 | Series C | Sun Rock Capital (lead); Kunlun Capital; Tao Capital | $43M | $344M |
| Dec 2021 | Series B | Eyebright Medical Tech (lead); Tsing Ventures; ZGC Group; Winfast Holding; Chang Development; Tsinghua Innovation Ventures; Fosun International; V Fund Management | $31M | - |
| Jan 2021 | Series A | Sinoking Capital (lead); THG Ventures; TusStar; Tsinghua Innovation Ventures; Zhongguancun Development Frontier Enterprise Investment Fund | $23M | - |
Who has invested in TOPI Imaging Technology?
27 investors have backed TOPI Imaging Technology across its funding rounds, including Matrix Partners China, Tsinghua Innovation Ventures, Sinoking Capital, Tao Capital, Beijing Robot Industry Fund and Qiming Venture Partners.
Lead investors include Chengdu Science and Technology Venture Capital, Matrix Partners China, Sun Rock Capital, Eyebright Medical Tech and Sinoking Capital.
TOPI Imaging Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2024 | ||
| 2 | Participant | Jan 2021 | ||
| 2 | Lead | Jan 2021 | ||
| 2 | Participant | Mar 2025 | ||
| 2 | Participant | Dec 2022 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 27 TOPI Imaging Technology investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTOPI Imaging Technology Competitors
TOPI Imaging Technology competitors include listed companies like NIOX Group and Atrys Health, and private ones like Svision, Omniscient Neurotechnology, SiBionics and InnerMedical.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $348M | - | ||
| Private | - | - | $284M | - | ||
| Private | - | - | $717M | - | ||
| Private | - | - | $363M | - | ||
| Publicly listed | $65M | $20M | $373M | 5.2x | ||
| Publicly listed | $162M | ($12M) | $245M | 2.1x |
TOPI Imaging Technology Public Comps
TOPI Imaging Technology is still privately-owned, but its public comps include Orchestra BioMed, AVITA Medical, VieMed, Advanced Technology Company, Stratec, Orthofix Medical, Coltene, Vicenne, IVF hartmann and Universal Vision.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $33M | ($51M) | 8.5x | 28.8x | (5.5x) | (3.5x) | |||
| $72M | ($41M) | 5.4x | 4.7x | (9.3x) | (14.7x) | |||
| $270M | $52M | 1.3x | 1.1x | 6.7x | 5.4x | |||
| $521M | $5M | 1.8x | - | 169.7x | - | |||
| $289M | $39M | 1.6x | 1.5x | 11.8x | 9.9x | |||
| $822M | $4M | 0.6x | 0.6x | 121.4x | 5.2x | |||
| $292M | $32M | 1.3x | 1.3x | 11.8x | 10.9x | |||
| $114M | $26M | 2.6x | 2.5x | 11.2x | - | |||
This data is available for Pro users. Sign up to see all TOPI Imaging Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about TOPI Imaging Technology
| When was TOPI Imaging Technology founded? | TOPI Imaging Technology was founded in 2017. |
| Where is TOPI Imaging Technology headquartered? | TOPI Imaging Technology is headquartered in Beijing, China. |
| Is TOPI Imaging Technology publicly listed? | No, TOPI Imaging Technology is a private, VC-backed company. |
| What is TOPI Imaging Technology's valuation? | TOPI Imaging Technology was last valued at $344M in its Series C in December 2022. |
| How much funding has TOPI Imaging Technology raised? | TOPI Imaging Technology has raised $194M across 6 funding rounds. |
| What was TOPI Imaging Technology's last funding round? | TOPI Imaging Technology's last funding round was a undisclosed-stage round in March 2026, led by Chengdu Science and Technology Venture Capital. |
| Who are TOPI Imaging Technology's investors? | TOPI Imaging Technology's investors include Matrix Partners China, Tsinghua Innovation Ventures, Sinoking Capital, Beijing Robot Industry Fund, Tao Capital, ShenZhen GTJA Investment Group, Beijing Changping Science and Technology Park Development Group, Sichuan Science and Technology Innovation Investment Group, Kunlun Capital, Tsing Ventures and 17 others. |
| Which companies are comparable to TOPI Imaging Technology? | Companies comparable to TOPI Imaging Technology include Svision, Omniscient Neurotechnology, SiBionics, InnerMedical, NIOX Group and Atrys Health. |
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