Wednesday, July 30, 2014

MIT Smartphone Eye Exam Raises $4 Million

“An MIT mobile health spinoff wants to bring vision tests to smartphones and has raised $4 million as part of a Series A round. In a phone interview with MedCity News, EyeNetra COO and co-founder David Schafran confirmed the fundraise but was fairly tight-lipped about details such as how the tests would be delivered and assessed,” notes MedCity News. “Previously known as PerfectSight, EyeNetra developed a device called NetraG that can be applied to mobile phones to create a smartphone vision test. The device can generate a recommended power for each person’s eyeglasses and contact lenses. It is designed to test for nearsightedness, farsightedness, and astigmatism. It also measures for the distance between eyes. Its website claims its technology is as accurate as autorefractors, but a good deal less expensive than their $45,000 price tag.The company also is developing a data analytics component to identify patterns and trends to develop specific recommendations for each patient.” Read more.

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