LensFree

Company Overview

Snapshot

Founded in March 2017 by Doron Avraham and Prof. Zeev Zalevsky, LensFree operates with 1–10 employees. The company received seed funding in April 2017 from Sanara Ventures. LensFree was selected as one of nine projects by the Teva-Philips Israel incubator in March 2017.

Business overview

LensFree develops advanced medical imaging acquisition technology designed to reduce radiation dosage and enhance image quality. The company's core technology utilizes time and spatial multiplexing to create a lens-free imaging system, fundamentally altering the operational principles of existing medical imaging machines. This innovation aims to decrease radiation exposure by over 90% while simultaneously improving image clarity. LensFree operates within the Health Tech & Life Sciences sector, specifically targeting the Digital Healthcare and Digital Medical Diagnostics markets, serving healthcare providers and laboratories globally.

Strategic signal

LensFree ceased operations in June 2023, indicating a significant shift in its business trajectory. This cessation of activity suggests that the company's innovative medical imaging technology, despite its potential to reduce radiation and improve image quality, did not achieve sustainable commercial viability. For investors, this signals a need to understand the underlying challenges that led to the company's closure, particularly concerning market adoption, funding, or competitive pressures within the health tech sector.

Company Intelligence Q&A

What is LensFree's primary technology?

LensFree develops an acquisition technology for advanced medical imaging that reduces the radiation dose per scan and improves image quality. Its system functions as a lens without needing a physical lens, based on time and spatial multiplexing.

When was LensFree founded and by whom?

LensFree was founded in March 2017 by co-founders Doron Avraham, who serves as CEO, and Prof. Zeev Zalevsky, who is the CTO.

What significant corporate development occurred in June 2023?

In June 2023, LensFree ceased to operate, resulting in its status as a Non Active company.

Which incubator program did LensFree join?

LensFree was part of the Sanara Ventures incubator program. In March 2017, the Teva-Philips Israel incubator selected LensFree as one of nine projects.

What was LensFree's last known funding activity?

LensFree received seed funding in April 2017 from Sanara Ventures.