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Otomagnetics
AddedFeb 15, 2024
UpdatedJun 18, 2026
Otomagnetics

Otomagnetics

Series A

Otomagnetics LLC: Innovating non-invasive drug delivery to the inner and middle ear.

HQ
Bethesda, MD, US
Founded
2012
Overview
Compare
Fundraising
Employees
Website

Otomagnetics LLC, a spin-out from the University of Maryland College Park, was founded with the mission to revolutionize drug delivery methods for challenging areas such as the inner and middle ear, the eye, and the skin. The company's core vision is to provide non-invasive therapeutic solutions that overcome the limitations posed by biological barriers like the blood-labyrinth barrier in the inner ear. Otomagnetics offers a proprietary magnetic injection system designed to deliver drugs and other therapeutic payloads effectively and safely to these hard-to-reach areas.

Notable affiliated individuals include researchers and experts from the University of Maryland. The company has attracted significant interest from investors focused on innovative medical technologies. Key achievements include successful demonstrations of their magnetic injection system's efficacy in preclinical trials. Otomagnetics' impact lies in its potential to transform treatment protocols for inner ear diseases and other conditions requiring precise drug delivery, offering a less invasive and more effective alternative to current methods.

Otomagnetics - Quick Facts

When was Otomagnetics founded?

Otomagnetics was founded in 2012.

Where is Otomagnetics' headquarters located?

Otomagnetics' headquarters is located in Bethesda, MD, US.

When was Otomagnetics' last funding round?

Otomagnetics' most recent funding round was for $2.3M (USD) in February 2020.

How much has Otomagnetics raised to-date?

As of Feb 1, 2020, Otomagnetics has raised a total of $2.4M (USD).

How many employees does Otomagnetics have?

Otomagnetics has 11 employees as of Feb 5, 2024.

Otomagnetics - Classification

Industry
  • Hardware
Ownership
  • Venture Capital
Technology
  • Telemedicine
Geographic Exposure
  • United States
Revenue
  • Recurring
Customer
  • Enterprise
Main Product
  • Drug Delivery
Tags
  • Biotech
  • Healthtech
  • Medical
NAICS
  • 620000Health Care and Social Assistance
  • 623000Nursing and Residential Care Facilities
SIC
  • 8000Health Services
  • 8040Offices And Clinics Of Other Health Practitioners
  • 8049Offices And Clinics Of Health Practitioners, Not Elsewhere Classified
Show 16 more industry codes
NAICS
  • 320000Manufacturing
  • 325400Pharmaceutical and Medicine Manufacturing
  • 540000Professional, Scientific, and Technical Services
  • 541714Research and Development in Biotechnology (except Nanobiotechnology)
  • 325000Chemical Manufacturing
  • 541000Professional, Scientific, and Technical Services
  • 541700Scientific Research and Development Services
  • 325410Pharmaceutical and Medicine Manufacturing
  • 541710Research and Development in the Physical, Engineering, and Life Sciences
  • 325412Pharmaceutical Preparation Manufacturing
SIC
  • 2800Chemicals And Allied Products
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 2830Drugs
  • 8730Research, Development, And Testing Services
  • 2834Pharmaceutical Preparations
  • 8731Commercial Physical and Biological Research