financetom
Technology
financetom
/
Technology
/
UPMC Enterprises invests in vision startup [Pittsburgh Post-Gazette]
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UPMC Enterprises invests in vision startup [Pittsburgh Post-Gazette]
Sep 10, 2025 1:03 PM

Sep. 10—UPMC Enterprises is investing in a New York company that uses artificial intelligence and robotic retinal imaging in the early detection of eye and other diseases.

Optain Health, a health care technology company, on Wednesday announced the closing of an oversubscribed $26 million Series A fundraising round, which was led by global software investor Insight Partners with participation from UPMC, Ohio State University Wexner Medical Center and New York City-based Northwell Health and others.

Optain was co-created in 2023 by Aegis Ventures, which also formed the Aegis Digital Consortium, a collaboration of 11 leading U.S. health systems to co-develop AI-driven healthtech companies.

UPMC Enterprises, the commercialization and venture capital arm of the Downtown-based health system giant, joined Aegis last year.

Optain uses a portable robotic camera to quickly capture retinal images and integrated AI to detect vision-threatening eye diseases, including diabetic retinopathy, glaucoma and age-related macular degeneration. The platform can also assess the risk of cardiovascular disease.

"Early retinal screening for diabetic retinopathy and chronic disease closes a critical care gap," physician John Noseworthy, chair of the Aegis Digital Consortium, said in a prepared statement. "By deploying Optain in patient care and investing in the company, consortium members have shown strong confidence in its value for enabling early detection and better outcomes."

The health system opened the UPMC Mercy Eye Pavilion in May 2023, which is located on the UPMC Mercy Hospital Uptown campus. The UPMC Vision Institute is housed at the pavilion, where a wide range of vision-related services are offered at a first of its kind center in Western Pennsylvania.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Assessing Advanced Energy Indus: Insights From 4 Financial Analysts
Assessing Advanced Energy Indus: Insights From 4 Financial Analysts
Jul 15, 2024
In the preceding three months, 4 analysts have released ratings for Advanced Energy Indus , presenting a wide array of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
4 Analysts Have This To Say About Altair Engineering
4 Analysts Have This To Say About Altair Engineering
Jul 15, 2024
Ratings for Altair Engineering ( ALTR ) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings...
Factbox-European companies cut jobs as economy sputters
Factbox-European companies cut jobs as economy sputters
Jul 15, 2024
(Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said...
Global smartphone market grew 6.5% in Q2, led by Samsung and Apple, IDC says
Global smartphone market grew 6.5% in Q2, led by Samsung and Apple, IDC says
Jul 15, 2024
July 15 (Reuters) - Global smartphone shipments rose 6.5% in the second quarter, driven by Samsung Electronics ( SSNLF ) and Apple ( AAPL ), preliminary data from IDC showed on Monday, but a full recovery in demand is yet to come around as it remained challenged in some markets. WHY IT'S IMPORTANT Global shipments grew for the fourth consecutive...
Copyright 2023-2026 - www.financetom.com All Rights Reserved