Otomagnetics Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Private

  • Employees
  • 7

Employees

  • Latest Deal Type
  • Accelerator/​Inc

  • Investors
  • 14

Otomagnetics General Information

Description

Developer of magnetic drug delivery technology designed to offer prevention of a major side effect of chemotherapy in children. The company's technology effectively delivers drugs and other therapeutic payloads to the inner ear or in a pediatric application to deliver drugs from the ear canal into the middle ear, treating targets in the human body to help healthcare providers.

Contact Information

Website
www.otomagnetics.net
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 19 Firstfield Road
  • Suite 200
  • Gaithersburg, MD 20878
  • United States
+1 (301)
Primary Industry
Drug Delivery
Vertical(s)
Life Sciences, Oncology
Corporate Office
  • 19 Firstfield Road
  • Suite 200
  • Gaithersburg, MD 20878
  • United States
+1 (301)

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Otomagnetics Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Accelerator/Incubator Completed Generating Revenue
8. Seed Round 01-Aug-2020 Completed Generating Revenue
7. Later Stage VC (Series A) 01-Feb-2020 Completed Generating Revenue
6. Later Stage VC (Series A) 27-Mar-2018 Completed Product Development
5. Grant 09-Nov-2017 Completed Product Development
4. Early Stage VC (Series A1) 23-Aug-2016 Completed Product Development
3. Early Stage VC 01-Jul-2015 Completed Product Development
2. Accelerator/Incubator 16-Dec-2012 $189K $189K Completed Product Development
1. University Spin-Out 01-Jan-2012 Completed Startup
To view Otomagnetics’s complete valuation and funding history, request access »

Otomagnetics Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A-2
Series A-1
To view Otomagnetics’s complete cap table history, request access »

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Otomagnetics Patents

  • 32

    Total Documents Applications and Grants

  • Total Patents Families

  • 10

    Granted

  • 18

    Pending

  • Expiring in next 12 mo

Otomagnetics Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-4333957-A1 Methods for shaping magnetics fields to align forces on magnetic particles for patient anatomy and motion Pending 04-May-2021
US-20240139535-A1 Methods and systems for shaping magnetics fields to align forces on magnetic particles for patient anatomy and motion Pending 04-May-2021
AU-2021403179-A1 Medical cart for magnetic treatment of middle ear conditions Pending 15-Dec-2020
CA-3202343-A1 Medical cart for magnetic treatment of middle ear conditions Pending 15-Dec-2020
EP-4262959-A1 Medical cart for magnetic treatment of middle ear conditions Pending 15-Dec-2020 A61M37/00
To view Otomagnetics’s complete patent history, request access »

Otomagnetics Signals

Growth Rate

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Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Otomagnetics Investors (14)

Investor Name Investor Type Holding Investor Since Participating Rounds
iO life ventures Corporate Venture Capital Minority
K2X Other Minority
Aditi Mandpe Angel (individual) Minority
Ailloni Charas Angel (individual) Minority
Neela Chipalkatty Angel (individual) Minority
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Otomagnetics FAQs

  • When was Otomagnetics founded?

    Otomagnetics was founded in 2012.

  • Where is Otomagnetics headquartered?

    Otomagnetics is headquartered in Gaithersburg, MD.

  • What is the size of Otomagnetics?

    Otomagnetics has 7 total employees.

  • What industry is Otomagnetics in?

    Otomagnetics’s primary industry is Drug Delivery.

  • Is Otomagnetics a private or public company?

    Otomagnetics is a Private company.

  • What is Otomagnetics’s current revenue?

    The current revenue for Otomagnetics is .

  • How much funding has Otomagnetics raised over time?

    Otomagnetics has raised $3.71M.

  • Who are Otomagnetics’s investors?

    iO life ventures, K2X, Aditi Mandpe, Ailloni Charas, and Neela Chipalkatty are 5 of 14 investors who have invested in Otomagnetics.

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