Opticyte

Opticyte

Opticyte, with a valuation of $12.08 million, is raising funds on StartEngine. The company has developed a breakthrough device for accurate oxygen measurements. Opticyte’s VitalO2 device measures oxygen accurately for all skin tones and enables early detection of sepsis to close critical healthcare gaps. The AI-enabled device combines advanced pulse oximetry and cellular oxygenation for early detection of sepsis and early signs of organ failure and enables quicker intervention and better patient outcomes. Lorilee Siu Lin Arakaki and Kenneth Schenkman founded Opticyte in May 2016. The current crowdfunding campaign has a minimum and maximum target of $123,999.81. The campaign proceeds will be used for design, pivotal study for early recognition of sepsis, completion of algorithm development, and working capital.

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Investment Overview

Raised this Round: Raised: $158,671

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/01/2024
Close Date
02/13/2025
Min. Goal
$124,000
Max. Goal
$1,235,000
Min. Investment

$301

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.33

Pre-Money Valuation

$12,078,000

Company & Team

Company

Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Seattle, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Lori Arakaki
Title
CEO
Founder Name
Kenneth Schenkman
Title
CMO

Financials

as of September 30, 2024
 Revenue
$0
 Monthly Burn
$15,000
 Runway
8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-587,265

$-137,784

Summary Balance Sheet

FY 2023 FY 2022

Cash

$193,310

$124,916

Accounts Receivable

$0

$0

Total Assets

$196,566

$127,751

Short-Term Debt

$2,257,331

$392,789

Long-Term Debt

$495,000

$1,721,250

Total Liabilities

$2,752,331

$2,114,039

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,000,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/13/2025 StartEngine $12,078,000 $158,671 Equity - Common Active RegCF
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Add to portfolio
Opticyte on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,078,000
Price per Share: $0.33

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Follow Opticyte on StartEngine 2024

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