# Ossia

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

- Industry: Power & Utilities
- Headquarters: Bellevue, US
- Website: www.ossia.com
- Total disclosed funding: $0.6M
- Latest round: Series B (Mar 21, 2013)
- Investors on record: 2

## About

Ossia Inc. focuses on wireless power solutions, providing innovative technology that enables devices to charge seamlessly without user involvement, optimizing energy delivery for various applications.Ossia Inc. is dedicated to advancing wireless power technology through its flagship product, Cota® Real Wireless Power™, launched in 2008. The company is headquartered in Bellevue, US. Founded by Hatem Zeine, Ossia has raised a total of USD 9.41 mn across multiple funding rounds, with the latest being a Series D round. The company's current valuation stands at USD 529.36 mn.Ossia Inc. specializes in wireless power technology through its flagship product, Cota® Real Wireless Power™, which was launched in 2008. This innovative solution utilizes patented RF smart antenna technology to deliver targeted energy to devices at a distance, enabling continuous charging without user intervention. The Cota technology is designed for various applications, including the Internet of Things (IoT), supply chain logistics, retail environments, and smart buildings. By providing uninterrupted power to small, often inaccessible devices, such as IoT sensors and handheld scanners, Ossia enhances operational efficiency and reduces maintenance needs. The company's solutions are primarily marketed in North America and are targeted at a broad client base encompassing industries like logistics, retail, automotive, and consumer electronics.Ossia's revenue model revolves around licensing its Cota technology to partners and manufacturers who integrate it into their devices. This B2B approach allows clients to leverage Ossia’s proprietary technology to enhance their product offerings, creating a recurring revenue stream through licensing agreements. The company engages in strategic partnerships, enabling its technology to be embedded in a wide range of applications, from smart building systems to retail checkout solutions. Revenue generation occurs as clients pay for licenses to incorporate the Cota Power Receiver technology into their products, facilitating a direct relationship with various sectors, including retail, logistics, and IoT, where the demand for wireless power solutions is rapidly increasing.Ossia Inc. plans to utilize its recent funding from Escondido Ventures to enhance product development and expand market reach. The company is focused on designing new applications for its Cota technology, aiming to enter new geographic markets, including Europe and Asia, by 2025. The strategic use of this funding will support the launch of innovative products that cater to growing demands in sectors like automotive and consumer electronics.

## Funding rounds

- Series B, Mar 21, 2013, $0.6M — Intel Capital, Recruit Strategic Partners

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- Recruit Strategic Partners (https://capitalatlas.ai/funds/recruit-strategic-partners) — Series B