OrCam Technologies Overview
OrCam is focused on harnessing the power of artificial vision by incorporating pioneering technology into a wearable platform designed to improve the lives of individuals who are blind or visually impaired and have reading difficulties. OrCam harness the power of innovative AI assistive technology to support people with low vision, visual impairments, and reading fatigue with wearable and handheld devices that communicate text and other visual information out loud. OrCam’s MyEye communicates visual information by utilizing a small, intuitive smart camera that is mounted on the wearer’s eyeglass frames and connects to a pocket-sized computer. MyEye instantly and discreetly reads any text printed on any surface through a tiny speaker positioned toward the user’s ear. The device can also recognize faces and identify products and currency. OrCam Learn is a new interactive solution developed to improve fluency, accuracy, and comprehension for students with reading and learning differences, including dyslexia and ADHD.
Cumulative Funding Raised Over Time ($)
$7.0MApr 2011
$37.0MApr 2016
$37.0MJan 2011
$78.0MJan 2017
$108.4MJan 2018
$110.4MJun 2021
$131.4MMar 2014
Latest News
Demands by institutional investors are blocking the visual and hearing impairment device developer's recovery plan.
As Orcam pivots from vision tech to hearing aids, a dispute between its founders, Amnon Shashua and Ziv Aviram, and institutional investors threatens its future, while layoffs and urgent funding efforts add to the turmoil.
OrCam lays off and downsizes in the hearing aid division as well
growth-negative
OrCam to halt developing visual aid devices
Israeli company OrCam, known for developing devices for visual and hearing impairments, is discontinuing its flagship product for visual aid and laying off dozens of employees. The company will now focus on the development of devices for the hard of hearing. This move comes after several rounds of layoffs over the past year and reports of a potential spinoff of its hearing impairment activities into a separate company. OrCams visual aid division, which is being shut down, has been the core activity since the companys inception in 2010. The company has raised $181 million from various investors.
LayoffsManagement Changes
growth-negative
OrCam cuts almost half of workforce in second round of layoffs in four months | CTech
OrCam, a startup founded by Amnon Shashua, is laying off 100 employees, primarily in marketing and sales, following a previous round of layoffs that saw 50 jobs cut. This comes as a result of a sharp decrease in sales to Arab countries, some of which do not have diplomatic relations with Israel. The company will now focus mainly on sales through distributors and continued development of hearing systems. The layoffs and sales decline have complicated the companys planned IPO. The company had previously raised $50 million at a valuation of $1.5 billion, aiming for a valuation above $2.5 billion in the IPO.
LayoffsCustomers
| Sector | Health Tech & Life Sciences |
Funding
| Total funding | $131.4M |
| Last funding | $2M |
| Stage | E |
| Rounds | 7 |
| Investors | 8 |
Team Members
4
Employees: 51-200
Web & Social Links
| Website | www.orcam.com/en-us/home |
| Careers | Careers page |
| Google Play | Google Play |
Locations
Kiryat HaMada Street 3, Jerusalem, Israel
1115 Broadway, New York, NY, USA
Gustav-Heinemann-Ufer 58, Cologne, Germany
60 Gresham Street, London, UK
Photos & Videos
4 item(s)
OrCam Technologies Business
Business models
B2C
Product stage
Released
Employees
51-200
Sector
Health Tech & Life SciencesDigital HealthcareDigital Accessibility SolutionsTarget Customer
ConsumersEducation & AcademiaStudentsEducationHealthcare & Life SciencesHealthcarePatientsProvidersCore Technology
Artificial IntelligenceImage RecognitionNatural Language ProcessingComputer VisionTags (17)
eye-diseasesdigital-healthcaretext-analyticsvisually-impairedcomputer-visionwearableophthalmologyunicorn-2018assistive-devicesdata-analyticsseniorsnon-invasiveartificial-intelligencedisabilitiesface-recognitionnatural-language-processingadhdGeographic Markets
GlobalOrCam Technologies Financials
$131.4M
Total funding
Undisclosed
Capital raised
$2M
Last funding
E
Funding stage
7
Total rounds
8
Investors
Cumulative Funding Raised Over Time ($)
$7.0MApr 2011
$37.0MApr 2016
$37.0MJan 2011
$78.0MJan 2017
$108.4MJan 2018
$110.4MJun 2021
$131.4MMar 2014
Private Equity Funding
Undisclosed Round
Jun 2021
$2M
Big-Tech R&D 50 (Lead)
E Round
Jan 2018
$30.4M
Claltech, Aviv Venture Capital, Meitav Dash
D Round
Jan 2017
$41M
Meitav Dash
C Round
Apr 2016
$30M
Meitav Dash, Clal Insurance Enterprises Holdings
B Round
Mar 2014
$21M
Intel Capital, Aviv Venture Capital
A Round
Apr 2011
$7M
Moshe Gaon
Seed
Jan 2011
Undisclosed
Izhak Nakar
OrCam Technologies Lifecycle
Cumulative Funding Raised Over Time
$7.0MApr 2011
$37.0MApr 2016
$37.0MJan 2011
$78.0MJan 2017
$108.4MJan 2018
$110.4MJun 2021
$131.4MMar 2014
All Events
Undisclosed Round
Jun 2021
$2M
Big-Tech R&D 50 (Lead)
E Round
Jan 2018
$30.4M
Claltech, Aviv Venture Capital, Meitav Dash
D Round
Jan 2017
$41M
Meitav Dash
C Round
Apr 2016
$30M
Meitav Dash, Clal Insurance Enterprises Holdings
B Round
Mar 2014
$21M
Intel Capital, Aviv Venture Capital
A Round
Apr 2011
$7M
Moshe Gaon
Seed
Jan 2011
Undisclosed
Izhak Nakar
OrCam Technologies News
50 articlesDemands by institutional investors are blocking the visual and hearing impairment device developer's recovery plan.
As Orcam pivots from vision tech to hearing aids, a dispute between its founders, Amnon Shashua and Ziv Aviram, and institutional investors threatens its future, while layoffs and urgent funding efforts add to the turmoil.
OrCam lays off and downsizes in the hearing aid division as well
growth-negative
OrCam to halt developing visual aid devices
Israeli company OrCam, known for developing devices for visual and hearing impairments, is discontinuing its flagship product for visual aid and laying off dozens of employees. The company will now focus on the development of devices for the hard of hearing. This move comes after several rounds of layoffs over the past year and reports of a potential spinoff of its hearing impairment activities into a separate company. OrCams visual aid division, which is being shut down, has been the core activity since the companys inception in 2010. The company has raised $181 million from various investors.
LayoffsManagement Changes
growth-negative
OrCam cuts almost half of workforce in second round of layoffs in four months | CTech
OrCam, a startup founded by Amnon Shashua, is laying off 100 employees, primarily in marketing and sales, following a previous round of layoffs that saw 50 jobs cut. This comes as a result of a sharp decrease in sales to Arab countries, some of which do not have diplomatic relations with Israel. The company will now focus mainly on sales through distributors and continued development of hearing systems. The layoffs and sales decline have complicated the companys planned IPO. The company had previously raised $50 million at a valuation of $1.5 billion, aiming for a valuation above $2.5 billion in the IPO.
LayoffsCustomers
growth-positive
OrCam to spin off hearing activity ahead of IPO
OrCam, an Israeli company that develops devices for visual and hearing impairments, is spinning off its hearing division into a separate company. This move is expected to make OrCam a profitable company and prepare it for a Wall Street IPO. The hearing division will attempt to raise $10 million and become an independent company that could potentially be sold to a tech giant. As part of the reorganization, OrCam will lay off 50 employees from the visual division, while the R&D team from the hearing division will become part of the new company. The companys products for the visually impaired and dyslexic, such as My Eye and Read, already produced $65 million in annual revenue in 2023, up 25% from 2022, and expected to rise to $100 million in 2025.
LayoffsInvestmentPublic TradingManagement Changes
growth-negative
מתכוננת להנפקה: אורקם מפצלת חטיבות ומפטרת 50 עובדים | בלעדי
OrCam, an Israeli company specializing in visual and hearing aids, is undergoing an organizational change. It is separating its hearing division into a separate company with the aim of raising $10 million and making it an independent company that could also be sold to a technology giant. The split will make OrCam itself a profitable company that could go public on the New York Stock Exchange. As part of the process, OrCam is expected to lay off about 50 employees from its vision division and transfer the research and development team from the hearing division, which also numbers about 50 people, to the new company.
InvestmentLayoffs
growth-positive
Lionel Messi partners with OrCam to become ambassador for initiative to help people with Dyslexia and ADHD
Lionel Messi has partnered with OrCam, a company founded by Ziv Aviram, to help people with ADHD and Dyslexia. Messi posted on his Instagram about his role as an OrCam Ambassador and the mission to create a world where individuals with Dyslexia and ADHD can read with confidence. In addition to this partnership, Messi has been performing well on the pitch for MLS club Inter Miami. He has scored seven goals and provided one assist in four matches. The article also mentions the performance of FC Dallas Alan Velasco and his interaction with Messi after a game.
Partners
growth-positive
LIFE-CHANGING "PERSONAL AI" DEVICE SUPPORTS STUDENT READING & LEARNING ABILITIES
OrCam Technologies has introduced new features to its OrCam Learn solution, including Translation and Dictionary capabilities. OrCam Learn is an AI-driven study partner that empowers students, including those with learning differences, to effectively read and learn. The Translation feature allows English text to be translated into more than a dozen languages, while the Dictionary feature reads the definition of any word out loud. The new features aim to support and encourage students throughout their education journey. OrCam Learn is currently being piloted in schools in the UK and the US.
Customers
growth-positive
AI Learning Buddy Helps Dyslexic Kids Read And Understand
OrCam, an Israeli startup, has developed a device called OrCam Learn that helps children with dyslexia, ADHD, and other special educational needs improve their reading skills. The device uses AI technology and a sophisticated camera to read text, score performance, provide feedback, and ask comprehension questions. It also offers a detailed analysis for teachers and parents to adapt their teaching methods. OrCam Learn has been well-received in pilot projects at schools in the UK and the US, with the majority of students reporting improved understanding of the text. The device can be used during exams and future updates will include a dictionary and translation feature. OrCam plans to provide the device through schools and offers a two-year subscription for parents.
CustomersExpand
growth-positive
Israeli device allows visually impaired people to read, recognize faces - I24NEWS
Israeli company OrCam has developed an artificial intelligence device that assists people who are blind, visually impaired, or have difficulty reading. The device, called OrCam MyEye, clips onto glasses and scans text or objects, then dictates the content orally. Another device, OrCam Read, works as a stylus-reader for individuals with visual impairments, dyslexia, or illiteracy. OrCam devices have been widely marketed and have revolutionized the lives of tens of thousands of users worldwide. The company is expanding its market internationally, with a focus on the United States, England, Germany, France, Spain, and Ethiopia. OrCam is also developing new functionalities for its existing devices and working on an advanced hearing aid and an educational tool called OrCam Learn.
CustomersExpand
growth-negative
OrCam lays off 16% of workforce | CTech
OrCam Technologies, a company that develops devices to assist blind or visually impaired individuals, is laying off 62 employees, representing 16% of its workforce. The layoffs are a result of a reorganization led by the new CEO, Elad Serfaty, due to the downturn in the tech market. OrCam had previously planned to go public in 2020 at a valuation of $3 billion, but its most recent funding round in 2018 raised $30 million at a valuation of just over $1 billion. The company has raised a total of around $130 million to date. OrCams products, such as the OrCam MyEye, provide artificial vision to help people with visual impairments read printed and digital text. The company supports over 25 different languages and aims to assist the estimated 300 million people worldwide who suffer from blindness or visual impairment.
Layoffs
growth-positive
https://www.orcam.com/en/media/orcam-read-receives-edge-ai-and-vision-product-of-the-year-awards-2022/
The article discusses OrCams mission to enrich peoples daily experiences with personal assistive handheld and wearable AI devices. They offer solutions for learning differences and low vision, using innovative AI technology to support individuals with dyslexia, ADHD, visual impairments, and reading fatigue. The article also mentions the option to select the country/region on their website. The impact on the company is growth-positive, as they continue to develop and provide assistive technology to empower individuals. The key issues discussed are related to customers and partners. The date of the event described in the article is not mentioned.
CustomersPartners
growth-positive
OrCam's MyEye Pro Device For Glasses Assists Visually Impaired Users to Read and Identify Faces
OrCam is a company that has developed a small wearable device called OrCam MyEye, which provides a solution for users with vision problems. The device has a built-in camera, a cable that can be connected to a bigger device, and a speaker. It can read text from books, newspapers, magazines, bottles, business cards, and boxes. It can also identify money and translate text in different languages. Another important feature of the device is facial recognition, which helps users identify people in front of them. The OrCam MyEye clip has been available since 2017 and costs around $3,500. OrCam is working on the next model of the device, which will be smaller and more like normal glasses.
Customers
growth-positive
MyEye PRO של אורקם זכה בפרס החדשנות של ה-CES כלכליסט
Israeli company OrCam has won the Innovation Award at the CES 2022 for its product MyEye PRO, which is based on artificial intelligence. The award was given in the accessibility and health categories. MyEye PRO is a revolutionary device for the blind and visually impaired that allows users to read texts, recognize faces, identify colors, and even shop. The new version of the device includes new features such as voice command control and smart reading that extracts relevant information for the user. OrCam was founded in 2010 and its products are used in 40 countries and available in 25 languages.
Customers
growth-positive
הטכנולוגיה הישראלית שמנגישה את המוזיאון לעיוורים וכבדי ראייה -
הטכנולוגיה הישראלית של אורקם מאפשרת למבקרים כבדי ראייה לקבל חוויית ביקור עצמאית במוזיאון העם היהודי. המכשירים של אורקם מאפשרים לעיוורים ולקויי ראיה לקרוא טקסטים ולזהות אנשים במוזיאון. הטכנולוגיה מסייעת למבקרים לצרוך תרבות בעצמאות ומצמצמת את הצורך בעזרה נוספת. אורקם הוקמה בשנת 2010 ומספקת מכשירים ב-40 מדינות בעולם.
Customers
growth-positive
Israel's OrCam Wins CES 2022 Innovation Award For 3rd Consecutive Year
OrCam Technologies, known for its AI-driven vision assistance tech, has won the annual CES 2022 Innovation Awards for its MyEye PRO wearable device. The device assists people who are blind, visually impaired, or have reading challenges. OrCam Technologies was named an innovation honoree in the Accessibility and Health and Wellness categories. The companys MyEye PRO is a lightweight wearable tech device that reads aloud printed text, recognizes faces and products, and provides guidance and identification of objects. The device has voice-activated features and offers an intuitive user experience. OrCam Technologies has previously won CES awards for its OrCam Hear and OrCam Read devices. The company will be previewing new technology at CES 2022 that will transform its OrCam Read device into an education solution for students with reading and learning challenges.
Customers
growth-positive
TIME Names OrCam Read as World's Best Invention
OrCam Technologies OrCam Read, a handheld digital reader that reads text aloud, has been named one of TIMEs 100 Best Inventions of 2021. The device, launched in 2020, is an AI-driven assistive technology that empowers individuals with reading challenges. It can read text from any printed surface or digital screen and is particularly beneficial for those with dyslexia, dyspraxia, low vision, and reading fatigue. OrCam Read uses precision laser targeting to capture text and instantly reads it aloud with the press of a button. OrCam Technologies has been recognized for its innovative tech solutions in the past, including its OrCam MyEye device for blind and visually impaired individuals.
Customers
growth-neutral
כלכליסט - דף הבית - הודעת שגיאה
The article discusses the website and services provided by כלכליסט, including news, podcasts, and exchange rates. It also mentions the option to subscribe to the newsletter and the red mail service. The article does not mention any specific impact on the company or any key issues. The date of the event described in the article is not provided.
growth-positive
אורקם מגייסת 50 מיליון דולר בהובלת לאומי, הראל וכלל
OrCam, an Israeli company that develops artificial vision products for the blind, is raising $50 million in a funding round led by Leumi Partners. The round also includes investments from insurance companies Harel and Clal, each investing between $10-12 million. This is likely the last private funding round before the company plans to go public in 2022. The company, founded by Ziv Aviram and Amnon Shaashua in 2010, aims to go public at a valuation of $3 billion, double its current valuation. To date, OrCam has raised $90 million.
InvestmentPublic Trading
growth-positive
OrCam Technologies Named As CES 2021 Innovation Awards Best Of Innovation Honoree
OrCam Technologies has been named a CES 2021 Innovation Awards Best of Innovation Honoree for its AI-driven, handheld OrCam Read digital reader. The device is designed to support people with reading challenges and can read full pages or screens of text aloud from any printed or digital surface. It operates offline and includes a proprietary AI algorithm for intuitive operation. OrCam Read also incorporates the new interactive Smart Reading feature, which acts as a voice-activated assistant. The company has been recognized for its previous innovations in assistive technology, including the OrCam MyEye device for the blind or visually impaired. OrCam Technologies was founded in 2010 and is a leader in personal AI assistive technology platforms.
Customers
growth-positive
OrCam sets sights on $3 billion valuation in 2021 IPO
OrCam Technologies, founded by the founders of Mobileye, is planning to go public in New York in 2021. The company, which develops devices to assist blind or visually impaired individuals, aims to raise $300 million in the IPO at a valuation of $3 billion. OrCam is also planning to raise $150-200 million in a pre-IPO funding round. The company currently has an annual revenue of $100 million and is profitable. OrCam has already secured investments from Intel Capital, Aviv Ventures, Meitav Dash Investments Ltd., and Clal Insurance. The IPO is expected to be led by Goldman Sachs.
Public TradingInvestment
growth-positive
New solution for people with both hearing and vision loss
OrCam Technologies and Starkey have partnered to create an AI-powered wearable device that helps people with vision and hearing loss. The product combines Starkey’s Livio Edge AI hearing aids with OrCam’s wearable MyEye device, which can read printed and digital text aloud, recognize faces, and identify consumer products, colors, and money notes. The device does not require a smartphone or Wi-Fi to operate. The combined technology is available through hearing or eye care professionals.
Partners
growth-positive
https://www.jpost.com/jpost-tech/israel-tech-company-orcam-wins-german-innovation-prize-642762
OrCam, an Israeli tech company that develops wearable AI-driven artificial vision devices, has won Germanys NRW.INVEST AWARD. This award recognizes companies that contribute to the local economy and bring innovation to Germany. OrCam is deepening its collaborations with government officials and public bodies in Germany, particularly in the NRW district. The companys MyEye device, which attaches to eyeglasses, can read text from printed and digital surfaces and provide real-time audio to the wearer. OrCam is a leader in computer vision and AI-based wearable technologies, providing independence to the visually impaired and other groups. Germany is a key market for OrCam due to its cooperation with health insurance companies in the country. OrCam was co-founded in 2010 and is known for its innovative products.
PartnersCustomers
growth-positive
Messi collaborates with Israel's OrCam to increase awareness for the blind and visually impaired
OrCam Technologies announced that Lionel Messi will be the companys new ambassador. OrCam aims to improve accessibility for the blind or visually impaired through its AI technologies and increase awareness of their challenges. Messi will arrange meetings with visually impaired individuals from around the world and gift them the OrCam MyEye device. These individuals will become members of the OrCam Dream Team. OrCams goal is to use AI technology to help people with disabilities in real-time and in real-world situations. The collaboration with Messi is expected to reach millions of people in need.
Customers
growth-positive
OrCam launches AI-powered voice-command allowing the blind to read
Israeli startup OrCam Technologies has launched a new interactive voice-activated feature called Smart Reading. The feature, integrated into the companys assistive technology platform, allows blind, visually impaired, and dyslexic users to customize voice commands for a clear reading experience. OrCams breakthrough AI-driven computer vision and machine learning technology enable wearable and handheld platforms that provide increased independence to users. The Smart Reading feature combines machine learning AI with natural language understanding to identify and read text from printed or digital formats. The feature comprehends user requests and retrieves relevant information from the text in a matter of seconds. OrCam Read, a handheld digital reader, is also introduced to empower people with language processing challenges. OrCam Technologies was founded in 2010 and is co-founded and co-led by Prof. Amnon Shashua and Ziv Aviram.
Customers
growth-positive
For the First Time, Visually Impaired People Can Read More Efficiently than Sighted Individuals with OrCam Technologies' Breakthrough "Smart Reading" Capability
OrCam Technologies has announced the U.S. release of a new interactive AI feature called Smart Reading. This feature, integrated with OrCams assistive technology platforms, allows users who are blind, visually impaired, or have reading challenges to customize their reading experience using voice commands. Smart Reading combines computer vision and natural language understanding technologies to make text more accessible. The feature can be used with OrCams MyEye and Read devices. OrCam Technologies aims to provide independence and enhance the quality of life for individuals with visual impairments or reading difficulties.
Customers
growth-positive
Israeli firm OrCam to bring MyEye, a unique assistive device, to India
Israel-based OrCam Technologies, a company specialising in personal AI platforms, is entering the Indian market with OrCam MyEye, a device for the visually impaired. The device, which can read printed and digital text out loud, recognise faces, identify consumer products, colours and currency notes, is currently used by thousands of users across more than 50 countries. The Indian version will initially only have English language capabilities. OrCam is working with local business partners and eye hospitals, and is also planning to tie up with Indian companies that have a Corporate Social Responsibility (CSR) mission to help people with disabilities.
CustomersPartnersExpand
growth-positive
OrCam develops device that amplifies hearing aids' smarts
OrCam Technologies, the maker of a device that helps blind people “see” using artificial intelligence technologies, is now introducing a new device for people with hearing impairment called OrCam Hear. The wearable device uses AI to identify and isolate a speakers voice and relays clear speech to users Bluetooth hearing aids. OrCam Hear was named a Best of Innovation for accessibility at the CES 2020 Innovation Awards. OrCam has also developed another device called OrCam Read, which uses AI to read out printed or digital texts in real time. OrCam Technologies is a maker of wearable, AI-driven assistive technologies.
Customers
growth-positive
Israel's OrCam is one of 38 global healthcare unicorns, report says
Jerusalem-based startup OrCam Technologies, which develops devices to assist the blind and visually impaired, has been recognized as one of the worlds 38 global healthcare unicorns with a valuation of over $1 billion. The company has raised $30.4 million in funding, bringing its valuation to $1 billion. The first half of 2019 has seen a record amount of money invested in healthcare companies globally, with a total of $26.9 billion invested. The CB Insights healthcare report also highlights the increasing number of deals in the healthcare sector. In the second quarter of 2019, healthcare companies with artificial intelligence technology raised $864 million, while cannabis deals totaled $1.03 billion.
Investment
growth-positive
American Council of the Blind partners with Israel's OrCam
OrCam Technologies has announced a cooperative agreement with the American Council of the Blind (ACB) to provide their wearable AI-driven MyEye 2 artificial vision device at a special discount for ACB members. The device, which is wireless, lightweight, and compact, reads printed and digital text aloud in real time, making newspapers, books, screens, menus, labels, and signs accessible to the blind. It also offers face recognition, identification of consumer products, colors, and money notes. The OrCam MyEye 2 is available in 25 languages and 48 countries, priced at around $4,500. The partnership with ACB aims to increase independence for people who are blind or have low vision.
Partners
growth-positive
American Council of the Blind Partners With Visual Aid Company Orcam
Jerusalem-based visual aid company OrCam Technologies Ltd. has signed a cooperative agreement with the American Council of the Blind (ACB). As part of the agreement, OrCams devices, which help visually impaired people read by reading printed and digital text aloud, will be available for sale to ACB members at a special discount. The financial details of the agreement were not disclosed. OrCam was founded in 2010 and has raised more than $130 million to date.
PartnersInvestment
growth-positive
Thanks to Israeli tech, blind voters won't need help today
OrCams MyEye 2, an assistive device for the visually impaired, is being used in a limited pilot experiment during the Israeli elections. The device allows visually impaired voters to vote independently by reading printed and digital text aloud and recognizing faces and products in real time. This pilot is the first time that blind and visually impaired individuals can use breakthrough technology to vote independently without an escort. OrCam hopes that other countries will adopt this technology to enable voting independence for the blind and visually impaired.
Customers
growth-positive
Never forget a face or name with this gadget on your shirt
Jerusalem startup OrCam, known for its devices for blind and visually-impaired individuals, has developed a new wearable technology called MyMe. MyMe is a small device that clips onto clothing and uses facial recognition technology to record and identify people the wearer encounters. It can display information about the person on a paired device such as a smartphone or Apple Watch. MyMe is aimed at helping people with social and business interactions, allowing them to remember names, annotate contacts, and scan business cards. The device is set to ship in mid-2019 and has received positive attention for its innovative use of facial recognition technology in a wearable device.
CustomersPartners
growth-positive
OrCam's MyMe uses facial recognition to remember everyone you meet
OrCam is introducing the OrCam MyMe, a wearable device that uses facial recognition to help users remember faces. The device, which is a smaller version of OrCams MyEye device for visually impaired individuals, features a camera and a proprietary algorithm for face recognition. It can be used at business conferences or to track daily activities. The OrCam MyMe does not record video or audio and processes images locally rather than in the cloud. The company has already sold hundreds of units on Kickstarter and plans to ship the device in January 2020 for $399. However, the company may face challenges due to concerns about always-on facial recognition.
CustomersExpand
growth-positive
Orcam launches wearable camera in Kickstarter campaign
Israeli startup Orcam, founded by the Mobileye founders, has launched a new wearable camera based on artificial intelligence. The camera, priced at $200, can identify any face and works with a mobile phone to document faces and associate them with names and other details. Orcam aims to overcome privacy concerns by not storing or broadcasting pictures, and all calculations take place on the cameras chip. The product is being offered through a Kickstarter campaign to recruit early adopters and gather market feedback. The $200 price at launch is half of the expected price outside of Kickstarter.
CustomersExpand
growth-positive
US lobby urges Mobileye 'to champion' message of the blind in self-driving cars
Mark Riccobono, president of the National Federation of the Blind (NFB) in the US, has called on innovators to ensure their products are accessible to blind people and those with other challenges. Riccobono was speaking during a visit to Israel, where he met with OrCam Technologies, a start-up that has developed devices to assist the visually impaired. He also visited Mobileye, a maker of self-driving car technologies, which was acquired by Intel Corp. for $15 billion last year. Riccobono urged the companies to engage with average everyday people with disabilities and incorporate their feedback into product development.
CustomersPartners
growth-positive
Mobileye founders co OrCam valued at over $1b
OrCam, a company that has developed a wearable aid for people with impaired vision, has raised $30.4 million in a funding round led by Clal Insurance and Meitav Dash Provident Funds and Pension Ltd. The funding round values the company at $1 billion pre-money. The investment will fuel OrCams R&D efforts to further empower people with impaired vision and reading difficulties. OrCams MyEye 2.0 device is a wireless, lightweight, and compact wearable that reads printed and digital text aloud in real time. It also provides instant face recognition and identification of consumer products, colors, and money notes. The current investment follows the launch of the companys next generation OrCam MyEye 2.0 device in December 2017. OrCam was co-founded by the same individuals who co-founded Mobileye, which was acquired by Intel in 2017.
Investment
growth-positive
Artificial Vision Co. OrCam Raises $41M
Israeli artificial vision device company OrCam has closed a $41 million financing round, valuing the company at $600 million. OrCam has developed a computer vision device that can be attached to eyeglasses and vocalize texts for those with vision problems. The company expects to conduct an IPO on the NYSE or Nasdaq by the end of next year.
InvestmentPublic Trading
growth-positive
Artificial intelligence glasses help blind people read and recognise loved ones
OrCam, an artificial intelligence company, has developed glasses that use optical character reading (OCR) technology to help blind people read and recognize loved ones. The glasses, known as the OrCam device, sit on the side of a pair of reading glasses and contain a camera and computer that can read printed materials and recognize faces. The device has been praised by users for its practical uses and ability to improve their quality of life. Over 200 people in Britain have started using the glasses, which were originally trialed in the US. The device also has potential applications for people with dyslexia and aphasia.
Customers
growth-positive
Liberating the visually impaired
Israeli company OrCam, founded by Mobileye entrepreneurs Prof. Amnon Shashua and Ziv Aviram, has developed a computer vision device that can be attached to eyeglasses. The device is able to vocalise texts it encounters, such as street signs, a restaurant menu, a newspaper, or a book, to those with vision problems. The company has two products, OrCam MyEye and OrCam MyReader, and a third product, OrCam MyMe, is still in development. OrCam has sold 2,000 devices to date and is marketing the devices in the US, Canada, the UK, Australia, France, Germany, Austria, Switzerland and Israel.
CustomersExpandPublic Trading
growth-positive
Groundbreaking 'OrCam' Changing Life For Those With Vision Loss
OrCam, an Israeli company, has developed a groundbreaking device called the OrCam My Eye that helps visually impaired individuals regain their quality of life. The device, which mounts onto eyeglass frames, uses an eight-megapixel camera and speaker to read text, recognize faces, and identify products. It can store and recall up to 100 names and faces. The OrCam My Eye has been praised by optometrists for its ability to help visually impaired individuals read text from books, newspapers, and mail. The device provides a solution for low vision that cannot be fixed by surgery, medication, glasses, or contact lenses. The article does not mention any specific customers, partners, or investors. The date of the event described in the article is November 7, 2016.
Customers
growth-positive
The TALKING GLASSES that can read books and even recognise faces
OrCam, a device that uses optical character recognition to read text aloud to visually impaired users, has launched in the UK. The device, which can also recognise faces and certain products, was invented by two Israeli scientists in 2010 and has sold over 2,000 units worldwide. The basic model, MyReader, retails for £1,600, while the more advanced MyEye model costs £2,200. The device has been praised for its potential to boost independence and discovery for visually impaired users.
CustomersExpand
growth-positive
Swipe: The wearable device helping blind people to 'read again'
OrCam, a company that has created a wearable device to help people with sight problems, has developed a device that uses a camera mounted on glasses and a small computer to convert text into speech. The device allows users to point at text and have the written words played back to them via a speaker. While the device works well on printed text in indoor environments, it struggles in varied light conditions and cannot read handwritten text. The device currently lacks connectivity, but there are hopes to pair it with smartphone mapping applications in the future. The device is priced at £2,200.
Customers
growth-positive
Could a new smart cam designed for the blind help my dyslexic daughter?
OrCam, a high-tech company based in Jerusalem, has developed a device called MyEye that uses artificial intelligence to enhance the quality of life for the blind and visually impaired. The device, which consists of a smart camera attached to a pair of glasses, can identify places, people, products, and read text. It has the potential to assist not only those with vision disabilities but also children with reading difficulties. OrCam is currently being marketed in the United States, Canada, and Britain, and has reached a deal with the California Department of Rehabilitation to supply MyEye to qualifying blind and visually impaired residents. The device costs $3,500 and is available for purchase directly from the company.
Customers
growth-positive
Artificial intelligence you can wear on your shirt
OrCam, the Jerusalem-based company, has developed a new wearable device called MyMe that acts as a personal assistant. Unlike Google Glass, MyMe is designed to be unobtrusive and looks like a pendant. The device uses artificial vision technology to provide helpful information to the wearer in real time. It can track eating habits, summarize daily activity, and even monitor facial expressions and topics of discussion. MyMe received positive feedback at CES 2016 and will be rolled out to developers first and then to consumers later in the year. OrCam is also planning to host a hackathon to allow developers to create their own applications for the device.
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orcam-smart-glasses-for-blind cnnmoney
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Meet Casie, Your Not-So-Virtual Personal Assistant
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Intel puts $15M into Israeli artificial vision company OrCam, according to report
growth-positive
Device From Israeli Start-Up Gives the Visually Impaired a Way to Read (Published 2013)
OrCam, an Israeli start-up, has developed a camera-based system that allows the visually impaired to read and move freely. The device, worn like Google Glass, uses a small camera connected to a portable computer to recognize and speak text and objects in the users environment. The system is being sold for $2,500 and is the only product currently offered by OrCam. The technology is a significant advancement in assistive technology for the visually impaired and represents the rapid improvements being made in the field of artificial intelligence. The device is initially being sold to visually impaired individuals in the United States.
Customers
OrCam Technologies Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 197 |
| Team members | 4 |
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Admin Info
| Confidence | 103/100 |
| Missing | markets |
| BI Verification | Sharon Shapira |
| Registrar ID | 514492388 |
| Crunchbase | orcam-technologies |
| Phone | +97225917800 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2024-10-23T00:00:00.000Z |
| Created | 2014-07-19T00:00:00.000Z |
| Claimed | Yes |