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Ostendo

Carlsbad, US · Founded 2005 · 48 employees on LinkedIn · 1 known investors

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Ostendo develops a Quantum Photonic Imager (QPI) display platform used to build devices such as augmented reality glasses and light field holographic displays. Its technology targets consumer, enterprise, and defense applications.

Deep TechHardwareSemiconductors

Founders & leadership

Ostendo was founded in 2005 by Hussein S. El-Ghoroury.

HSHussein S. El-Ghoroury
Hussein S. El-GhorouryFounder
BC
Babak Cyrus RaziChief Strategy Officer and Board member2020–2024
DA
Dale A. McNeillExecutive
DDDavid Dull
David DullExecutive

Board

BB
Barak BusselBoard director
HT
Harrison T. LeFrakBoard director
DS
David SchiffBoard director
MM
Michael MilsteinBoard director

Investors · 1

Reported raises · per SEC filings

Form D private placements

$202.1M disclosed across 10 rounds · 2013–2020

▶$19.4MraisedSep 2020 · 20 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Barak BusselDirector
  • Babak Cyrus RaziDirector
  • Charles LiuDirector
  • Hussein S. El-GhorouryExecutive Officer, Director
  • Dale A. McNeillExecutive Officer, Director
Offering amount
$30M
Amount sold
$19.4M
First sale
Sep 2020
Incorporated
Corporation, California
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$45MraisedJan 2019 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Babak Cyrus RaziDirector
  • Dale A. McNeilExecutive Officer, Director
  • Hussein S. El-GhorouryExecutive Officer, Director
  • Charles S LiuDirector
  • Barak BusselExecutive Officer, Director
Offering amount
$150M
Amount sold
$45M
Sales commissions
$938.9K
Placement agents
Dakoy Capital Markets
First sale
Dec 2018
Incorporated
Corporation, California
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$41.8MraisedJul 2016 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David DullDirector
  • Babak Cyrus RaziDirector
  • Hussein S. El-GhorouryExecutive Officer, Director
  • Barak BusselDirector
  • Michael MilsteinDirector
  • Dale A. McNeillExecutive Officer, Director
Offering amount
$62.8M
Amount sold
$41.8M
First sale
Jun 2016
Incorporated
Corporation, California
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$9.9MraisedMay 2016 · 7 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • David DullExecutive Officer, Director
  • Michael MilsteinDirector
  • Barak BusselDirector
  • David SchiffDirector
  • Dale A. McNeillExecutive Officer, Director
  • Hussein S. El-GhorouryExecutive Officer, Director
  • Babak Cyrus RaziDirector
  • Harrison T. LeFrakDirector
Offering amount
$20.4M
Amount sold
$9.9M
First sale
Apr 2016
Incorporated
Corporation, California
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$15.5MraisedApr 2016 · 23 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David DullExecutive Officer, Director
  • Barak BusselDirector
  • Hussein S. El-GhorouryExecutive Officer, Director
  • Babak Cyrus RaziDirector
  • David SchiffDirector
  • Dale A. McNeillExecutive Officer, Director
  • Harrison T. LeFrakDirector
  • Michael MilsteinDirector
Offering amount
$15.5M
Amount sold
$15.5M
First sale
Mar 2016
Incorporated
Corporation, California
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$11.8MraisedApr 2016 · 22 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Barak BusselDirector
  • Harrison T. LeFrakDirector
  • David SchiffDirector
  • Hussein S. El-GhorouryExecutive Officer, Director
  • Dale A. McNeillExecutive Officer, Director
  • Michael MilsteinDirector
  • Babak Cyrus RaziDirector
  • David DullExecutive Officer, Director
Offering amount
$11.8M
Amount sold
$11.8M
First sale
Nov 2014
Incorporated
Corporation, California
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3MraisedApr 2015 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Barak BusselDirector
  • Harrison T. LeFrakDirector
  • David SchiffDirector
  • Michael MilsteinDirector
  • Hussein S. El-GhorouryExecutive Officer, Director
  • Babak Cyrus RaziExecutive Officer, Director
  • Dale A. McNeillExecutive Officer, Director
  • David DullExecutive Officer, Director
Offering amount
$3M
Amount sold
$3M
First sale
Mar 2015
Incorporated
Corporation, California
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3MraisedDec 2014 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David SchiffDirector
  • Hussein S. El-GhorouryExecutive Officer, Director
  • Harrison T. LeFrakDirector
  • David DullExecutive Officer, Director
  • Babak Cyrus RaziDirector
  • Dale A. McNeillExecutive Officer, Director
  • Barak BusselDirector
  • Michael MilsteinDirector
Offering amount
$15M
Amount sold
$3M
First sale
Dec 2014
Incorporated
Corporation, California
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 6 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase II2022$750K
U.S. Air ForceAir ForcePhase I2021$50K
U.S. ArmyArmyPhase I2015$98.8K
U.S. Air ForceAir ForcePhase I2014$147.8K
U.S. ArmyArmyPhase I2014$100K
U.S. Air ForceAir ForcePhase I2010$99.8K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Inpixon and Ostendo Announce Collaboration to Reimagine Hybrid Workplace Experience with Wearable Augmented Reality Display Glassesprnewswire.com · Aug 2021

Frequently asked questions

What does Ostendo do?
Ostendo develops a Quantum Photonic Imager (QPI) display platform used to build devices such as augmented reality glasses and light field holographic displays. Its technology targets consumer, enterprise, and defense applications.
Who founded Ostendo?
Ostendo was founded by Hussein S. El-Ghoroury in 2005.
Who are Ostendo's investors?
Ostendo's investors include Bantam Group.
How much funding has Ostendo raised?
Ostendo has disclosed $202.1M raised across 10 rounds.
Where is Ostendo headquartered?
Ostendo is headquartered in Carlsbad, US.