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Home » NovaSight raises $8m for lazy eye treatment device

NovaSight raises $8m for lazy eye treatment device

July 13, 2020 By Chris Newmarker

CureSight NovaSight
The CureSight system [Image courtesy of NovaSight]
Israeli startup NovaSight announced today that it has raised $8 million in a Series A round meant to support a large multi-center randomized pivotal study of its lazy eye treatment device.

Study results will support potential FDA 510(k) clearance for the device.

The money will also support development of future eye care products such as eye-tracking based active glasses for myopia control.

NovaSight’s CureSight system is an eye-tracking based lazy eye treatment that NovaSight officials think could replace traditional eye patching. CureSight provides cloud monitoring to caregivers and physicians while the child watches their content of choice from the comfort of home.

NovaSight’s other flagship product is the EyeSwift system, a comprehensive portable vision assessment device that the company says accurately and objectively screens for multiple vision impairments within seconds.

“During COVID-19 when alternative healthcare diagnosis and treatment methods are required, we’re putting emphasis on continuing to develop telehealth solutions. Our products are ideally positioned for remote diagnostics and home treatment,” NovaSight CEO Ran Yam said in a news release.

Rimonci Capital led the most recent funding round. The company previously raised $8 million, so it has now raised a total of $16 million.

 

Filed Under: Business/Financial News, Digital Health, Funding Roundup, News Well, Optical/Ophthalmic, Software / IT Tagged With: NovaSight

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About Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at [email protected].

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