Ocuvera Company Profile
Background
Overview
Ocuvera, founded in 2013 and headquartered in Lincoln, Nebraska, is a healthcare technology company specializing in AI-driven patient monitoring systems. The company's mission is to enhance patient safety and optimize nursing workflows by preventing falls through predictive alerts. Ocuvera's innovative approach has positioned it as a significant player in the health tech industry, particularly in fall prevention solutions.
Key Strategic Focus
Core Objectives and Specialization
Ocuvera focuses on developing advanced monitoring systems that utilize 3D motion detection and machine learning algorithms to predict and prevent patient falls. By alerting healthcare staff to potential risks before they occur, the company aims to reduce injuries and improve patient outcomes. Ocuvera's primary market includes hospitals and healthcare facilities seeking to enhance patient safety and operational efficiency.
Financials and Funding
Funding History
Ocuvera has secured funding through various channels, including venture capital and government grants. Notable funding milestones include:
- Later Stage VC (August 2021): Raised $2.3 million.
- Debt - PPP (February 2021): Amount undisclosed.
- Accelerator/Incubator (February 2021): Amount undisclosed.
- Grant (September 2020): Amount undisclosed.
- Grant (August 2020): Amount undisclosed.
- Debt - PPP (April 2020): Amount undisclosed.
- Grant (December 2017): Amount undisclosed.
- Grant (January 2017): Raised $100,000.
- Later Stage VC (May 2016): Raised $260,000.
Notable Investors
Ocuvera's investors include:
- Invest Nebraska: Venture Capital.
- National Institutes of Health: Government.
- United States Department of Agriculture: Government.
- Department of Primary Industries and Regional Development: Government.
- Nebraska Global: Venture Capital.
Utilization of Capital
The funds raised have been directed towards product development, enhancing AI capabilities, expanding market reach, and strengthening the company's technological infrastructure.
Technological Platform and Innovation
Proprietary Technologies
Ocuvera's platform integrates 3D motion cameras with machine learning algorithms to monitor patient movements and predict potential falls. This system provides real-time alerts to healthcare staff, enabling timely interventions.
Scientific Methodologies
The company's technology leverages advanced computer vision and AI to analyze patient behavior patterns, ensuring high accuracy in fall prediction and prevention.
Leadership Team
Executive Profiles
- Steven Kiene: Founder & Chief Executive Officer.
- Jennifer Nottlemann: Chief Operating Officer.
- Lucas Sabalka: Chief Data and Analytics Officer.
- V. M. M.: Chief Clinical Officer.
- M. S.: Head of Quality and Customer Support.
Competitor Profile
Market Insights and Dynamics
The patient monitoring and fall prevention market is experiencing growth due to increasing awareness of patient safety and the adoption of AI technologies in healthcare.
Competitor Analysis
Key competitors include:
- WalkJoy: Develops wearable devices for gait analysis and fall prevention.
- Artisight: Offers AI-driven monitoring solutions for patient safety.
- Caregility: Provides telehealth platforms supporting virtual care and patient monitoring.
Strategic Collaborations and Partnerships
Ocuvera has collaborated with various healthcare institutions to implement and refine its monitoring systems, enhancing product efficacy and expanding its market presence.
Operational Insights
Ocuvera's strategic focus on AI-driven fall prevention differentiates it from competitors by offering proactive solutions that integrate seamlessly into existing healthcare workflows, thereby improving patient safety and operational efficiency.
Strategic Opportunities and Future Directions
Ocuvera aims to expand its technological capabilities, explore new healthcare applications for its AI platform, and strengthen partnerships with healthcare providers to broaden its market reach and impact on patient safety.
