Fundraising Fox

Photonicare

Durham, US · Founded 2015 · Delaware corporation · 23 employees on LinkedIn · 12 known investors

Find your way into Photonicare

104 people in our graph share verified history with the Photonicare team — schools, employers, funds. One of them is your warm intro.

Omer Fancyunlockedknows Ryan Shelton · together at Texas A&M University (overlapped)
knows the team · via University of Illinois at Urbana-Champaign
×7knows the team · via Oklahoma State University
knows the team · via National Institutes of Health
×2knows the team · via Texas A&M University

PhotoniCare develops OtoSight, an FDA-cleared optical coherence tomography device for non-invasive assessment and monitoring of middle ear infections in healthcare facilities. The technology is designed for physicians treating ear-related conditions and offers improved accuracy over traditional otoscope methods.

Also known as PhotoniCare · PhotoniCare, Inc.

Founders & leadership

Photonicare was founded in 2015 by Ryan Shelton and Stephen Boppart.

RSRyan Shelton
Ryan SheltoninCEORyan Shelton holds a PhD in biomedical engineering from Texas A&M and has served as CEO and co-founder of PhotoniCare, guiding the company through product development, FDA clearance, and commercialization of an optical coherence tomography device for middle ear assessment. He has also worked on healthcare data analytics and reimbursement strategy, and co-founded Flowfeed, a predictive analytics platform.
SB
Stephen BoppartCMO
CVCary Vance
Cary VanceinExecutive

Board

PZ
Patrick ZellerBoard director
DGDale Grogan
Dale GroganinBoard directorManaging Partner at Michigan Capital Network
DZ
Dr. Zishan HaroonBoard director
GD
Gary DurackMember of the Board of Directors

Investors · 12

Also in the syndicate · 4

Dreampact VenturesGentex Corporationleadi2E Management CompanyleadSony Innovation Fund

Reported raises · per SEC filings

Form D private placements

$19.9M disclosed across 8 of 9 rounds · 2015–2024

$4.6MraisedNov 2024 · 4 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Patrick ZellerDirector
  • Cary . VanceExecutive Officer, Director
  • Dale GroganDirector
  • Dr. Zishan HaroonDirector
Offering amount
$9M
Amount sold
$4.6M
First sale
Nov 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$4MraisedDec 2023 · 17 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Jon SoderbergDirector
  • Jeff HydarExecutive Officer
  • Cary . VanceExecutive Officer, Director
  • Jon SunthimerDirector
  • Ryan SheltonExecutive Officer, Director
  • Eric BensonExecutive Officer
  • Dale GroganDirector
  • Steve MeyerDirector
Offering amount
$5.8M
Amount sold
$4M
First sale
Dec 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.1MraisedMay 2023 · 8 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Ryan . SheltonExecutive Officer, Director
  • Cary VanceExecutive Officer
  • Jeff HydarExecutive Officer
  • Eric BensonExecutive Officer
  • Jon SoderbergDirector
  • Dale GroganDirector
  • Steve MeyerDirector
  • Jon SunthimerDirector
Offering amount
$2.5M
Amount sold
$1.1M
Minimum investment
$5K
First sale
Apr 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.3MraisedAug 2022 · 19 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Gary DurackDirector
  • Ryan SheltonExecutive Officer, Director
  • Pablo GonzalezDirector
  • Jon SoderbergDirector
  • Angela McFarlandExecutive Officer
  • Jeff HydarExecutive Officer
  • Jon SunthimerDirector
Offering amount
$3M
Amount sold
$1.3M
Minimum investment
$5K
First sale
Jul 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$6.3MraisedSep 2020 · 25 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Pablo GonzalezDirector
  • Jon SunthimerDirector
  • Angela McFarlandExecutive Officer
  • Joel WeinsteinDirector
  • Gary DurackDirector
  • Zishan HaroonDirector
  • Jon SoderbergDirector
  • Christian RenaudinDirector
  • Ryan SheltonExecutive Officer, Director
Offering amount
$6.3M
Amount sold
$6.3M
First sale
Aug 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$260.8KraisedAug 2019 · 8 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Gary DurackDirector
  • Zishan HaroonDirector
  • Joel WeinsteinDirector
  • Christian RenaudinDirector
  • Ryan SheltonExecutive Officer, Director
Offering amount
$1.5M
Amount sold
$260.8K
First sale
Aug 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2MraisedMar 2018 · 14 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Ryan NolanDirector
  • Joel WeinsteinDirector
  • Gary DurackDirector
  • Ryan SheltonExecutive Officer, Director
  • Christian RenaudinDirector
  • Zishan HaroonDirector
Offering amount
$2M
Amount sold
$2M
First sale
Jun 2017
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$250KraisedJun 2015 · 4 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Gary DurackDirector
  • Stephen BoppartExecutive Officer
  • Ryan SheltonExecutive Officer, Director
Offering amount
$500K
Amount sold
$250K
First sale
Jun 2015
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

Company profile

researched Aug 2026

PhotoniCare, Inc. develops light-based diagnostic imaging technology for frontline ear care. Its flagship product, the OtoSight Middle Ear Scope (earlier known as the Otis device and later the TOMi Scope), is a handheld instrument that combines true-color video otoscopy of the ear canal and eardrum with depth-resolved optical coherence tomography (OCT) imaging through the tympanic membrane. The scan is used to determine the presence or absence of fluid in the middle ear, characterize the fluid type and visualize its density, including in the presence of significant earwax. The company positions the device as an objective alternative to conventional otoscopy, which sources describe as misdiagnosing middle ear infections in up to half of cases; the aim is to reduce unnecessary antibiotic prescribing and surgical referral, and to provide data relevant to assessment of hearing loss and chronic ear infections.

The device is offered as a compact, mobile, stand-based all-in-one unit intended for use by a range of clinicians, with exam results printable or uploadable into an EMR. Alongside hardware, PhotoniCare provides reimbursement and CPT coding support, clinical training and pilot deployment through its "Trailblazer" early-adopter program, and product demonstrations and clinical consultations. Company patents cover a self-orienting imaging device (US-11576568-B2) and otoscope tips (US-10952601-B2, US-10278570-B2). Key technology areas include handheld optical imaging hardware, real-time color video otoscopy, turbidity quantification and image analysis, with AI-driven decision support described as under development. The company has stated intent to extend the platform to other applications, including eye, dental and consumer health markets, and cited potential uses ranging from retinal disease to oral cancer and dental pulp integrity.

Founding story

PhotoniCare was founded in 2013 in the academic laboratory of co-founder Stephen Boppart, M.D., Ph.D., Abel Bliss Professor of Engineering at the University of Illinois at Urbana-Champaign, together with Ryan Shelton and Ryan Nolan, with a stated focus on children's health. In 2015 Shelton and Nolan left the lab to commercialize the patented technology. CEO Ryan Shelton has cited his son's 10 significant ear-infection events in his first year of life as personal motivation for the company. Shelton is a PhD-trained engineer in biomedical optics and electrical engineering; Nolan, later vice president of clinical operations, has a background in clinical research and bioengineering.

Business model

PhotoniCare sells and deploys a diagnostic imaging device to clinical sites, supported by services around adoption: short-term trial deployments and staff training under the Trailblazer program, co-marketing with early-adopter sites, product demonstrations and clinical consultations, and reimbursement support covering billing, CPT code utilization, coding workflow training and appeals. Manufacturing for the OtoSight Middle Ear Scope is carried out through a partnership with Gentex Corporation, which is also an investor.

Revenue derives from commercialization of the OtoSight Middle Ear Scope to clinics; the company highlights that OtoSight, as the first FDA-cleared device for middle-ear visualization, carries unique CPT codes and therefore represents a billable revenue source for providers. Non-dilutive government funding has also been material, with more than $6 million in NIH SBIR grants received.

Traction

By the December 2024 Series B announcement, OtoSight had been used with more than 26,000 patients, which the company cited as validation of product-market fit. Three peer-reviewed manuscripts on device utility had been published, and a large randomized controlled trial was under way; results announced in May 2025 reported more accurate diagnosis and a 50% reduction in antibiotic usage for pediatric ear infections. The company held FDA 510(k) clearance and ISO 13485:2016 certification, and after graduating from EnterpriseWorks in 2019 had 13 staff.

Latest developments

In December 2024 PhotoniCare announced a $4.6 million first close of Series B financing led by Gentex Corporation with participation from existing shareholder Michigan Capital Network, described as the first close of an expected $9 million round, alongside a manufacturing partnership with Gentex and completion of its headquarters move from Champaign, Illinois to Grand Rapids, Michigan. Proceeds were earmarked for the ongoing clinical trial, production and sales ramp for OtoSight, and the relocation. On May 19, 2025 the company announced results of a large randomized controlled trial showing more accurate diagnosis and a 50% reduction in antibiotic usage for pediatric ear infections.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

PhotoniCare describes OtoSight as the first FDA-cleared device for middle-ear visualization and a first-in-class technology for imaging the middle ear, positioned against the conventional otoscope, which sources describe as largely unchanged for 150 years and as providing only a surface view of the eardrum. The market context cited includes middle ear infections affecting more than 80% of children, being a leading cause of hearing loss, antibiotic use and surgery, and more than one million tympanostomy tube surgeries performed annually in the U.S.

Unlike the standard otoscope, which shows only the surface of the eardrum, OtoSight images through the tympanic membrane to visualize middle ear contents directly, characterizing fluid type and density even when significant earwax is present, and the company states results are minimally affected by user or patient variability. It is described as the first FDA-cleared middle-ear visualization device, with unique CPT codes, and it packages OCT capability, normally delivered by large desktop systems, into a handheld form factor.

Technology

OtoSight uses optical coherence tomography, a near-infrared, high-resolution depth-imaging modality that is the established standard for retinal examination in ophthalmology, miniaturized from a desktop system into a handheld probe. It presents two views: true-color video otoscopy of the canal and eardrum, and a depth-resolved middle ear scan through the intact tympanic membrane that detects and characterizes effusion and measures fluid density even with cerumen present. Supporting capabilities include image analysis and turbidity quantification, clinical image capture and recording, and AI-driven decision support under development; NIH SBIR funding of $2.2 million (Phase 2) was directed at artificial intelligence and machine learning programs. Published data indicate 90.6% accuracy in detecting middle ear effusion, and a 70-patient study with Children's National Health System in Washington, D.C. showed 91% sensitivity and 90% specificity for detecting fluid through the intact eardrum.

Go-to-market

The company launched commercially through a regional "Trailblazer" early-adopter program giving selected clinics first exclusive use of the technology, initially targeting specific U.S. regions including North Carolina, backed by clinical training, co-marketing and reimbursement/coding support. It has published peer-reviewed evidence and run clinical trials to support reimbursement strategy and adoption, and appointed a Chief Commercial Officer (Jeff Hydar) in 2020 to build sales and marketing. Internationally it uses a distributor partnership in Japan and has piloted with Aboriginal populations in Australia.

Frontline care providers treating middle ear conditions, primarily pediatric, family medicine and urgent care clinicians, with stated future expansion to emergency departments and other providers. Users include physicians, nurse practitioners, physician assistants, nurses and technicians. Patients are predominantly children, who account for the bulk of middle ear infections, though the condition also affects adults.

Geography

Founded and originally based in Champaign, Illinois, with a tenancy at the University of Illinois Research Park. The company expanded to North Carolina in 2021, using the North Carolina Biotechnology Center Landing Pad in Research Triangle Park, and is listed at 2800 Meridian Parkway, Suite 175, Durham, NC 27713. In December 2024 it announced relocation of its headquarters from Champaign to Grand Rapids, Michigan, near its manufacturing partner Gentex and its Michigan investor base. Commercial activity outside the U.S. includes a distributor partnership in Japan and a pilot program in Australia.

History

The company was founded in 2013 and was a tenant of EnterpriseWorks at the University of Illinois Research Park from 2014 to 2019, graduating in 2019 and remaining in Champaign, Illinois with 13 staff members. It won the SPIE Startup Challenge top prize at Photonics West in February 2018 (a combined first prize of $15,000) and also received the MedTech Innovator Execution Award and the AdvaMed Accel Virginia Shimer Rybski Memorial Award in 2018. The FDA granted 510(k) clearance for the middle ear imaging device (then called the TOMi Scope) in January 2020, and the technology was later rebranded as the OtoSight Middle Ear Scope. A $5.2 million Series A and a $2.1 million NIH Phase II SBIR grant were announced in September 2020. In 2021 the company expanded to North Carolina, taking space at the North Carolina Biotechnology Center's Landing Pad in Research Triangle Park, and it announced ISO 13485:2016 certification in December 2021. In December 2024 PhotoniCare announced a $4.6 million first close of a Series B led by Gentex Corporation, a manufacturing partnership with Gentex, and relocation of its headquarters from Champaign to Grand Rapids, Michigan. In May 2025 it reported results from a large randomized controlled trial of OtoSight.

Risks & controversies

As of the December 2024 announcement the Series B was only partially funded, with $4.6 million closed against an expected $9 million round and additional investment still being sought. The company remains dependent on reimbursement adoption for novel CPT-coded procedures and on clinical trial outcomes to drive market uptake, and has relied substantially on NIH SBIR grant funding. AI-driven decision support is described as still under development.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Accuracy in detecting middle ear effusionJan 202090.6%
Cumulative NIH SBIR grant fundingDec 2024$6M
Cumulative private funding raised prior to Series BDec 2024$17M
EmployeesJan 201913 people
Patients served with OtoSightDec 202426,000 patients
Peer-reviewed manuscripts published on device utilityDec 20243 publications
Reduction in antibiotic usage for pediatric ear infections in randomized controlMay 202550%
Sensitivity for detecting middle ear fluid through intact eardrum (70-patient stSep 202091%
Specificity for detecting middle ear fluid through intact eardrum (70-patient stSep 202090%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 1

by search overlap

Companies competing with Photonicare for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 5 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase II2020$2.2M
National Institutes of Health (NIH)National Institutes of HealthPhase I2019$223.9K
National Institutes of Health (NIH)National Institutes of HealthPhase II2018$2.2M
National Science FoundationPhase I2016$150K
National Institutes of Health (NIH)National Institutes of HealthPhase II2015$1.5M

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.

Timeline · 12

launches, deals, and filings
May 2025
Randomized controlled trial results for OtoSight announced

PhotoniCare announced that a large randomized controlled trial showed OtoSight delivered more accurate diagnosis and a 50 percent reduction in antibiotic usage for pediatric ear infections.

source ↗

Jan 2025
CEO Ryan Shelton wins NWA Pitch Competition

The Northwest Arkansas Tech Summit named PhotoniCare CEO Ryan Shelton winner of its pitch competition.

source ↗

Dec 2024
Headquarters relocated from Champaign, Illinois to Grand Rapids, Michigan

The company finalized relocation of its headquarters to Grand Rapids, Michigan, to work more closely with manufacturing partner Gentex and be nearer its Michigan investor base.

source ↗

Dec 2024
Manufacturing partnership with Gentex Corporation

PhotoniCare formed a manufacturing partnership with Gentex Corporation for the FDA-cleared OtoSight Middle Ear Scope; Gentex also led the Series B first close.

source ↗

Jan 2024
Technology rebranded as OtoSight Middle Ear Scope

PhotoniCare announced the rebranding of its first-in-class middle ear imaging technology, now called the OtoSight Middle Ear Scope.

source ↗

Dec 2021
ISO 13485:2016 certification announced

PhotoniCare announced ISO 13485:2016 quality management system certification for medical devices.

source ↗

Apr 2021
Expansion to North Carolina

The Champaign, Illinois company expanded to North Carolina, setting up at the North Carolina Biotechnology Center's Landing Pad in Research Triangle Park.

source ↗

Sep 2020
$2.1 million NIH Phase II SBIR grant

PhotoniCare received a $2.1 million Phase II Small Business Innovation Research grant from the U.S. National Institutes of Health to support expanded clinical trials of the device.

$2.1M source ↗

Sep 2020
Jeff Hydar appointed Chief Commercial Officer

PhotoniCare appointed Jeff Hydar, previously Vice President of Sales at Kent Imaging, as Chief Commercial Officer.

source ↗

Jan 2020
FDA 510(k) clearance for middle ear imaging device

The U.S. FDA granted 510(k) clearance for non-invasive optical imaging of the middle ear with the TOMi Scope, later rebranded the OtoSight Middle Ear Scope.

source ↗

Feb 2018
Wins SPIE Startup Challenge top prize at Photonics West

PhotoniCare won the top prize at the SPIE Startup Challenge at Photonics West in San Francisco for its optical non-invasive ear inspection technology, reported as a combined first prize of $15,000.

$15K source ↗

Jan 2018
MedTech Innovator Execution Award and AdvaMed Accel memorial award

Received the MedTech Innovator Execution Award 2018 and the AdvaMed Accel Virginia Shimer Rybski Memorial Award 2018.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
PhotonicareDelaware

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Photonicare do?
PhotoniCare makes OtoSight, an FDA-cleared handheld OCT imaging device for non-invasive middle ear assessment.
Who founded Photonicare?
Photonicare was founded by Ryan Shelton, Stephen Boppart in 2015.
Who are Photonicare's investors?
Photonicare's investors include First Leaf Capital, Healthtech Capital, Illinois Ventures, Michigan Capital Network, Michigan Rise, OSF Ventures, Plains Ventures, Sony Ventures Corporation.
How much funding has Photonicare raised?
Photonicare has disclosed $19.9M raised across 8 of its 9 known rounds.
Where is Photonicare headquartered?
Photonicare is headquartered in Durham, US.