Azalea Vision Raises €9 Million in First Closing of Series A to Further Develop Intelligent Connected Vision Platform
Industry veteran Robert J. Dempsey Appointed Chairman of the Board to Guide Strategic Growth in Europe and the U.S.
Azalea (A-zuh-lay-ah)Vision, a HealthTech company engineering the future of sight, today announced the first closing of its €15 million Series A funding round, raising €9 million along with the appointment of Robert J. Dempsey as Chairman of the Board to guide strategic growth in the European and U.S. markets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429247873/en/
Robert Dempsey, Chairman of the Board, Azalea Vision
"Strong participation from repeat investors in this Series A milestone reaffirms their trust in our medical device and innovation for the future of intelligent ocular health,” said Enrique Vega, CEO of Azalea Vision. “Additional funding in this round from SPRIM Global Investments and Afrimobility, along with a strategic investor who remains undisclosed, further emphasizes the confidence in our platform. The appointment of Robert J. Dempsey, a highly regarded leader in the ophthalmic space, brings deep domain expertise and strong industry relationships to guide our leadership team as we move forward into our next stage of growth.”
“I believe a future where vision is intelligent, connected, and effortlessly adaptive is among the most exciting frontiers in eyecare medical device innovation today,” said Robert J. Dempsey. “I am honored to serve as Chairman of the Board and contribute to driving this transformational journey.”
Mr. Dempsey brings over three decades of experience in the eyecare industry, having served in leadership roles including CEO, Chairman, and Board Advisor. He has a proven track record of driving strategic transactions across multiple companies. Notably, he led the build-out of Shire’s ophthalmic business, establishing it as a global leader in the space. Under his leadership, the company launched Xiidra - culminating in one of only three ophthalmic deals in the past two decades with an upfront value exceeding $1 Billion. Robert’s strong track record across anterior and posterior segments positions him as a key strategic expert in advancing ophthalmic innovation.
The Series A funding will support the execution of Azalea Vision's First-in-human (FIH) pilot clinical trial, a key milestone in establishing the safety and performance of its medically intelligent ocular technology platform. The goal is to receive Investigational Device Exemption (IDE) approval from the U.S. Food and Drug Administration (FDA), continue the clinical trials, and further advance commercialization efforts.
About Azalea (A-zuh-lay-ah) Vision
Azalea Vision is pioneering the future of connected ocular health building a scalable solution for complex vision conditions, remote diagnostics, and targeted ocular therapies. Founded in 2021 as a spin-off from imec and Ghent University, the company is developing the first medical-grade smart lens platform designed to sense, adapt, and interact in real time. Azalea is supported since 2021 by leading MedTech, HealthTech, and DeepTech investors—including imec.xpand, Elaia Partners, Sensinnovat and Shigeru – and reinforced by EIC and VLAIO (Belgium) non-dilutive grants.
Led by a multidisciplinary team with deep expertise in microelectronics, biomedical optics, and medical device innovation, Azalea Vision brings together decades of research and industrial development. The company’s platform integrates stretchable electronics, custom-designed ASICs, liquid crystal optics, and NFC communication, all engineered into a lens-embedded system. This foundation enables Azalea to deliver medical-grade smart lenses that sense, adapt, and connect in real time—scaling from vision correction to biosensing, diagnostics, and beyond.
For more information, visit azaleavision.com and follow us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250429247873/en/
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Compass Pathways Establishes Strategic Collaboration with HealthPort to Inform the Potential Delivery of COMP360 Synthesized Psilocybin Treatment in Underserved Communities29.4.2025 12:30:00 CEST | Press release
Compass Pathways plc (Nasdaq: CMPS), a biotechnology company dedicated to accelerating patient access to evidence-based innovation announced today it is entering into a strategic collaboration with HealthPort, a multi-site comprehensive community health organization. HealthPort employs an integrated model centered around social determinants of health and this collaboration will help inform the potential delivery of COMP360 synthesized psilocybin treatment in underserved communities, if FDA approved. This agreement with HealthPort expands the set of collaborations that Compass has established representing a broad spectrum of settings where people living with treatment resistant depression (TRD) receive their care in the United States. HealthPort offers an integrated model of care aimed at helping those with behavioral health conditions and people impacted by poverty, disability and trauma. HealthPort is an evidence-based practice supporting thirteen dimensions of social determinants of
Cubic³ Research Finds Automotive OEMs View Connectivity as Crucial for Security as Half of Consumers Worry Their Car Can Be Hacked29.4.2025 11:45:00 CEST | Press release
Nearly half of drivers already pay monthly subscription for automotive digital servicesOEMs say predictive maintenance, enhanced safety features and autonomous driving features most likely to drive recurring revenueOEMs view interfaces APIs, digital sims and infotainment systems areas at risk of hacking Research from Cubic³, a global leader in software-defined vehicle (SDV) solutions, emphasises the opportunities and challenges facing automotive OEMs as they persuade drivers to buy and subscribe to in-vehicle digital services, such as predictive maintenance, safety features and autonomous driving. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429601913/en/ Boston Consulting Group forecasts the software-defined vehicle (SDV) market will create over $650 billion value potential by 2030. The survey of 8,000 consumers (equally split between the US, UK, Germany and Japan) and 60 global OEM executives finds that the challenge
Tecnotree Continues to Deliver Stable Q1 2025 Performance With Improved Free Cash Flow and Strategic Market Expansion29.4.2025 10:59:00 CEST | Press release
Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, today announced its financial results for the first quarter of 2025, demonstrating resilient financial performance with significant improvement in free cash flow and strategic progress in market diversification. Q1 Results Net sales of EUR 16.9 million (16.3) +3.7% Year on Year, in constant currency, EUR 17.1 million, +4.6% Year on Year. Operating profit of EUR 4.5 million (4.4) +2.3% Year on Year. Operating margin of 26.9% (27.2%). Foreign exchange losses reduced to EUR 1.4 million (1.7). Net income EUR 1.5 million (1.6) -5.6% Year on Year. Gross cash flow from operations EUR 6.4 million (1.0). Positive free cash flow of EUR 1.0 million (-4.7). Earnings per share EUR 0.1 (0.1). Order book at the end of the period EUR 70.3 million (74.8). Tecnotree recorded a consistent cashflow performance, supported by enhanced collections and disciplined cost management. DSO (Days Sales Outstanding) r
Technology Reply Optimizes Pusterla 1880’s Quotation Management with Oracle AI Capabilities, Reducing the Estimation Time by 90%29.4.2025 10:00:00 CEST | Press release
Technology Reply, the Reply Group company specialising in designing solutions based on Oracle technologies, today announced the development of an AI-based solution for managing the quotation process at Pusterla 1880. The implementation has reduced the time required to create new quotations to under five minutes and decreased the time needed to generate and validate cost estimates by 90%. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429596543/en/ “Leveraging the AI capabilities offered by Oracle Cloud Infrastructure and Oracle Database 23ai, and supported by Technology Reply’s expertise, we have significantly streamlined our quotation process. This has enabled us to respond more quickly to customer requests while reducing the risk of errors in our decision-making,” said Luca Meana, President, Pusterla 1880. Pusterla 1880, a company with over 140 years of experience in luxury packaging production, faced increasing complex
CSG and NetLync Drive MNO and MVNO eSIM Transformation29.4.2025 09:30:00 CEST | Press release
Launch next-generation Entitlement SaaS platform that helps operators accelerate eSIM-only innovation and navigate the rapidly evolving telecom landscape With eSIM set to become the standard for all new phones this year,mobile network operators (MNOs) and mobile virtual network operators (MVNOs) face mounting pressure to modernize their entitlement infrastructure. To address this market need, CSG® (NASDAQ: CSGS) today announced a new partnership with leading entitlement server provider NetLync and launched CSG Entitlements-as-a-Service, powered by NetLync. This new SaaS platform gives operators the speed and agility they need to power seamless iOS and Android experiences in weeks, not months. It helps them stay competitive in an eSIM-only future and avoid the high costs of building and managing their own entitlement infrastructure. “The shift to eSIM-only devices drives a major change in the telecommunications industry that will redefine user experiences,” said Chad Dunavant, Chief Pro
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom