OrCam Technologies

Overview
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Wearable Tech?
Product stageSegments
Go-to-Market
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Wearable medical devices
?

OrCam Technologies is a global leader in personal, AI-driven assistive technology innovations. Their flagship product, OrCam MyEye, is a wearable device that assists individuals with visual impairments by providing instant text reading, facial recognition, product identification, and dynamic interactions. Launched in 2015, OrCam MyEye utilizes cutting-edge artificial intelligence, computer vision, and machine learning to foster independence for people who are blind, visually impaired, or experience reading challenges.

In November 2023, OrCam unveiled the OrCam Read 3, a groundbreaking, all-in-one solution for individuals with low vision, visual impairments, and reading difficulties. This versatile device functions as a handheld reading companion, a next-generation magnifier, and a stationary reader. With features like voice commands, gesture control, and AI-powered text summarization, the OrCam Read three redefines how users interact with printed and digital text.

Complementing their flagship products, OrCam introduced OrCam Hear in January 2024. This innovative hearing device employs voice biometrics to isolate and amplify specific speakers' voices while removing background noise, enabling hearing aid users to engage in conversations in noisy environments effectively.

Since its inception in 2010, OrCam has received numerous accolades, including TIME Magazine's Best Inventions of the Year 2021, Red Herring 100, CES Innovation Awards, and recognition from the National Industries for the Blind (NIB) for outstanding contributions to employment opportunities for individuals who are blind.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
13 Hartom St. Jerusalem ISR
Founded year:
2010
Employees:
251-500
IPO status:
Private
Total funding:
USD 86.4 mn
Last Funding:
USD 30.4 mn (Series Unknown; Feb 2018)
Last valuation:
USD 1.0 bn (Feb 2018)
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