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aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.
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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.
Operating Status
Active
Ownership Type(s)
Venture Capital
Main Product(s)
Drug Delivery
Technology
Telemedicine
Tags
Biotech, Healthtech
Model Types
Hardware, Medical
Revenue Type(s)
Recurring
Customer Type(s)
Enterprise
Geographic Exposure
United States
When was Otomagnetics founded?
Otomagnetics was founded in 2012.
Where is Otomagnetics’s headquarters located?
Otomagnetics’s headquarters is located in Bethesda, MD, US.
When was Otomagnetics’s last funding round?
Otomagnetics’s most recent funding round was for $2.3M (USD) in February 2020.
How many employees does Otomagnetics have?
Otomagnetics has 11 employees as of Feb 5, 2024.
How much has Otomagnetics raised to-date?
As of July 05, 2023, Otomagnetics has raised a total of $2.4M (USD) since Feb 1, 2020.
Add Comparison
Total Raised to Date
$2.4M
USD
Last Update Feb 1, 2020
Last Deal Details
$2.3M
USD
Feb 1, 2020
Series A
Total Employees Over Time
11
As of Feb 2024
Otomagnetics Address
Bethesda,
Maryland
20814
United States of America
Source(s): This page includes data and analysis provided by the company, OpenAI, and our research analysts