Addon Optics

Company Overview

Snapshot

Founded in October 2015 by Amir Erlichman and Haim Engler, Addon Optics operates with 11–50 employees. The company has successfully raised $20 million across three funding rounds, with Katao Venture Partners leading a round in July 2024.

Business overview

Addon Optics develops a platform for multifocal lenses, integrating off-the-shelf single-focal lenses with proprietary flexible lens technology to create high-quality progressive lenses. This technology is deployed using a compact, low-capital-outlay machine. The company primarily serves markets within the Health Tech & Life Sciences sector, focusing on ophthalmology and medical technologies, with business models targeting B2B customers including retailers and online retailers.

Strategic signal

This investment signals continued investor confidence in the company's innovative multifocal lens platform and its potential to disrupt the optical industry by offering advanced lens solutions.

Company Intelligence Q&A

What is Addon Optics' core technology?

Addon Optics develops a platform for multifocal lenses that integrates an off-the-shelf single-focal lens with a proprietary flexible lens to create a high-quality progressive lens, utilizing a machine the size of a 3D printer.

When was Addon Optics founded and by whom?

Addon Optics was founded in October 2015 by co-founders Amir Erlichman and Haim Engler.

What was a key development for Addon Optics in January 2022?

In January 2022, Addon Optics raised $12 million for its multifocal lenses platform, with.

What is the primary sector in which Addon Optics operates?

Addon Optics operates primarily in the Health Tech & Life Sciences sector, specifically within Medical Devices and Medical Treatment & Therapeutics.