# Openwater reaches $100M in total funding for its open-source light and ultrasound medical devices

Canonical page: https://technooptimist.io/stories/openwater-reaches-100m-in-total-funding-for-its-open-source-light-and-f46a4531
Date: 26 Aug 2024
About: [Openwater](https://technooptimist.io/companies/openwater.md)
Original source: https://pulse2.com/openwater-medical-technology-company-raises-100-million-in-total-funding/

Openwater said it has raised $100 million in total from new and existing investors. It argues that open-sourcing designs and using consumer-electronics manufacturing can cut medical-device time to market from 13 years to under 3, and cost from $658 million to about $10 million.

## Key facts

- Investors include Plum Alley Ventures, Khosla Ventures, BOLD Capital Partners, Esther Dyson and Peter Gabriel
- Platform combines infrared imaging, focused ultrasound and electromagnetic fields
- Peter Gabriel encouraged Jepsen to found the company and named it

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