Fri, 19 August 2022
On this episode of Investor Connect, Hall welcomes Jay Cormier, Founder and CEO of Eyedaptic.
Headquartered in Orange County, California, Eyedaptic offers a comfortable wearable device that uses proprietary vision-enhancing software that effectively simulates a person’s natural vision. Designed in conjunction with leading ophthalmology retinal specialists, low vision optometrists, and occupational therapists, AdaptiVu is completely non-invasive and worn like glasses. As a battery-powered optical vision aid, this device is considered FDA exempt.
The Eyedaptic team is a combination of seasoned technology executives with multiple successful exits along with key opinion leaders in Ophthalmology, Optometry, and low vision, and together have developed and validated the product with a clinical study and hundreds of hours of beta usage. The peer-reviewed clinical study established a five times improvement in tasks of daily living and, on average, over a doubling of visual acuity. Eyedaptic is currently running a pilot program and working on its next product for expansion in the United States and then worldwide. In addition, their partnership with the world leader in low vision aids leads to an efficient and effective path to scaling user engagement, as well as possible early exit scenarios.
Jay is an experienced technology executive and entrepreneur with a strong track record of founding, growing, and turning around businesses. Jay has led marketing, sales, engineering, operations, strategic partnerships, business development, new product strategy, and execution, and achieved results using his expertise in building high-performance, multi-disciplinary teams. Jay earned his BS in Electrical Engineering from Worcester Polytechnic Institute and an MBA from Northeastern University, and is active in Tech Coast Angels, Orange County Chapter, as well as mentoring at the University of California, Irvine Merage Business School.
Jay discusses how he sees the AI medical device industry evolving, the growth rate of the sector, how Eyedaptic fits into the landscape, online sources he finds useful, and more.
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Music courtesy of Bensound.