Please join VCapital and two of their outstanding portfolio companies on Tuesday, June 28. You will meet the leaders of SentiAR and EDJX, with an opportunity to ask questions about their companies, their progress, and the exciting categories of Augmented Reality and Edge Computing.
VCapital Partner, Ryan Kole, will discuss recent events, updates, and new opportunities involving these companies. Please RSVP and we encourage you to submit questions in advance.
Use these links to join the conversation on June 28, SentiAR at 3 pm Central Time followed by EDJX at 4 pm Central Time
https://us06web.zoom.us/j/86535294626 | Webinar ID: 865 3529 4626
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RSVP and submit questions here.
About SentiAR
SentiAR utilizes Augmented Reality technology in a wearable device to assist physicians during complex surgeries. The company has recently partnered with Biosense Webster (a Johnson & Johnson company, the market leader in electrophysiology.) Since their last fundraising round, their next-generation headset integration with Magic Leap 2 has been completed.
Additionally, Excera Technology is an ultrasound application company to be spun off using IP developed at SentiAR, planned for 1Q2023 before any SentiAR M&A activity. The equity ownership in SentiAR will also be transferred to equity ownership in Excera. Excera M&A exit is anticipated at 3-5 years post-spin-off.
The focus of the $5.5M Series B round is to reach clinical deployment critical mass and an acquisition event by 2024.
About EDJX
The current wave of innovation, "The Third Internet,” has been driven by cloud computing – a powerful system in which data generated or collected in many locations gets uploaded into the “cloud”, where computing and storage are centralized away from the individual data creators.
The next wave, “The Fourth Internet”, is edge computing. The world is moving toward an explosion in the Internet of Things (IoT) or connected “things” – over one trillion connected devices in the near future, generating enormous amounts of data. It is an exciting future, built on the philosophies and premises of a smart, connected, automated world, empowered by ready, immediate, and actionable data, that frees up other resources and time.
The focus of the $4M-$6M Seed round (as a bridge to Series A) is to implement a new business plan over the next 12-18 months. The focus will be on revenue generation, to have new contracts signed, and revenues built up in advance of future fundraising to achieve significant valuation step-ups.
Disclaimer: May Contain Forward-Looking Statement
A more detailed description of the investment and the related risk factors thereto are set forth in the Offering Memorandum, which should be read before any investment decision is made. VCapital Management Co., LLC’s (VCapital) analysis provided herein, is based on such company’s presentations and materials provided by the company to VCapital and represents VCapital’s opinion only regarding the respective company and the reasons why it has chosen to invest in such company. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. Investors and users should conduct their own diligence and consult with licensed professionals, investment and legal advisors for any investment, insurance, tax or legal advice. VCapital makes no representations or warranties whatsoever with respect to the information regarding and provided by the company, including with regard to the accuracy and completeness of such presentations or the omission by the company to state a material fact. Neither VCapital nor any of its affiliates will be liable for any direct, incidental, consequential, indirect, punitive, exemplary, special or other damages, whether under any contract, tort (including negligence), strict liability, or other theory, and regardless of whether it has been advised of the possibility of such claim or damage, arising in connection with such presentations. VCapital cannot accept any liability whatsoever in respect of any presentations which are provided by third parties.
The materials included herein may contain forward-looking statements that represent our and/or management’s opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. These statements may or may not be identified by the use of words like “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “should,” “seek,” and similar expressions. The forward-looking statements reflect our and/or management’s views and assumptions with respect to future events as of the date of the Materials and are subject to risks and uncertainties, including those beyond our ability to control or predict. Actual and future results and trends could differ materially from those described by such statements. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
