OrCam Technologies develops AI-based wearable devices that provide real-time visual assistance for people who are blind or visually impaired. Its products are designed to operate independently, without the need for cloud connectivity, ensuring privacy, speed, and reliability.
The company’s flagship devices help users read printed and digital text, recognize faces, identify products, and understand their surroundings using voice feedback. OrCam’s technology is widely used in education, workplaces, and daily life to improve accessibility and independence.
What Is OrCam Technologies and What Does It Do?
OrCam Technologies, founded in 2010 in Jerusalem, Israel, is an assistive technology company specializing in AI-powered wearable vision devices. The company develops compact, voice-activated systems that enable visually impaired users to read text from books, screens, and printed surfaces, recognize faces, and identify consumer products.
The technology works by combining miniature cameras with advanced machine-learning algorithms that process visual information in real time and convert it into spoken guidance.
OrCam Technologies employs 201-500 employees as of July 2024 and operates within the wearable technology and assistive-tech ecosystem.
How Much Funding Has OrCam Technologies Raised?
1. Series A
- Amount Raised: $15M
- Date: March 2014
- Lead Investors: Intel Capital, Aviv Venture Capital, BRM
- Motivation: To develop early product prototypes and advance AI-vision hardware.
2. Series B
- Amount Raised: $41M
- Date: April 2017
- Motivation: To scale manufacturing and expand international distribution.
3. Series B
- Amount Raised: $30.4M
- Date: February 2018
- Lead Investors: Clal Insurance, Meitav Dash
- Motivation: To accelerate product innovation and strengthen commercialization.
Total Funding Raised: $86.4 Million
Current Valuation: $1 Billion (as of Feb 2018)
Latest Funding Date: February, 2018
Key Investors
1. Intel Capital
- Details: Corporate venture arm of Intel investing in global technology companies.
- Investment Focus Areas: Semiconductors, AI, autonomous systems, deep tech.
- Notable Investments: Mobileye, Cloudera, DocuSign.
2. Clal Insurance
- Details: One of Israel’s largest financial and insurance investment groups.
- Investment Focus Areas: Technology, finance, healthcare, infrastructure.
- Notable Investments: Fiverr, OrCam Technologies, Via.
3. Aviv Venture Capital
- Details: Venture capital firm backing innovative Israeli technology companies.
- Investment Focus Areas: Software, AI, enterprise technology.
- Notable Investments: Wix, OrCam Technologies, WalkMe.
4. BRM Group
- Details: Israel-based investment firm focused on technology growth companies.
- Investment Focus Areas: Cybersecurity, enterprise software, hardware.
- Notable Investments: Check Point, IronSource, OrCam Technologies.
5. Meitav Dash
- Details: Leading Israeli investment and asset management firm.
- Investment Focus Areas: Financial services, technology, global equities.
- Notable Investments: OrCam Technologies, Monday.com, Innoviz.
Where Is OrCam Technologies’ Headquarters?
OrCam Technologies is headquartered in Jerusalem, Israel, a global hub for computer vision, artificial intelligence, and advanced hardware innovation.
What’s Next for OrCam Technologies?
OrCam Technologies is expected to deepen its focus on next-generation assistive AI devices, expanding functionality beyond vision into broader contextual understanding. With growing global awareness around accessibility and inclusive technology, the company is well-positioned to increase adoption across education systems, workplaces, and public institutions.
Future growth will likely come from product innovation, strategic partnerships, and wider distribution in international accessibility markets.
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