# Openwater

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openwater

- Industry: Medical Devices & Equipment
- Headquarters: San Francisco, US
- Website: www.openwater.health
- Total disclosed funding: $22M
- Latest round: Series A (Oct 12, 2018)
- Investors on record: 6

## About

Founded in 2016 and based in California, US, Openwater develops portable systems that use machine learning, optical imaging, and lasers to create resolutions. Dr. Mary Lou Jepsen founded the firm and led it as CEO as of 2024. In August 2024, Openwater raised USD 100 million in venture funding from investor Plum Alley, with participation from returning investors Khosla Ventures and BOLD Capital Partners. Individuals and other investors also participated in the round.

Openwater offers several products, including the Open-Motion and Open-LIFU systems, designed for research and therapeutic purposes. These devices enable precise diagnosis and treatment of diseases while being developed in an open-source format to facilitate collaboration and innovation within the medical community. 

The company plans to use the August 2024 funding to support the development of its medical care.

## Funding rounds

- Series A, Oct 12, 2018, $22M — Khosla Ventures, Excel Venture Management, BOLD Capital Partners, Starlight Ventures, KittyHawk Ventures
- Seed, May 9, 2018 — Excel Venture Management, Gunderson Dettmer

## Investors

- Excel Venture Management (https://capitalatlas.ai/funds/excel-venture-management) — Seed, Series A
- Gunderson Dettmer — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- BOLD Capital Partners (https://capitalatlas.ai/funds/bold-capital-partners) — Series A
- Starlight Ventures (https://capitalatlas.ai/funds/starlight-ventures) — Series A
- KittyHawk Ventures (https://capitalatlas.ai/funds/kittyhawk-ventures) — Series A