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CASTECH INC - New Building the Bridge of Light

WaveTec Vision Raises $16M

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WaveTec Vision announced it has closed a new $16.5 million financing round to commercialize its ORA System diagnostic device for cataract surgery.

The latest round was led by new investor Burrill & Co. WaveTec Vision’s previous investors also participated in this round of financing, including Versant Ventures, Accuitive Medical Ventures, De Novo Ventures and Gund Investment Corp.

The ORA System uses proprietary Optiwave technology with a precise new light source that enhances the quality of the wavefront image to improve measurement accuracy and ensure better patient outcomes.

Privately held WaveTec Vision provides intraoperative wavefront measurement technology for refractive cataract surgeons.

For more information, visit: www.wavetecvision.com  
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Published: April 2012
Glossary
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
Accuitive Medical VenturesAmericasBiophotonicsBurrill & Co.BusinessCaliforniacataract surgeryDe Novo Venturesfinancing roundGund Investment Corp.intraoperative wavefront measurementLight SourcesOpticsORA Systemphotonicsrefractive cataract surgeryVersant Ventureswavefront imageWaveTec VisionLEDs

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