oVio Technologies – Revolutionary 360° Imaging

Industry

Technology

Company Type

Tech 3D; Artificial Intelligence

Location

U.S.

Size

$21 Million

Investment Type

Debt / Equity
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Contact: Tina Vital, Managing Director – Castle Placement

Email: tvital@castleplacement.com

Cell (917) 432-8474 

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OVERVIEW

oVio Technologies is seeking +/-$21 million (management and outside investors have invested $12.3 million prior to this round) to further develop innovative, robotic, 360-degree imaging technologies for identification, medical and law enforcement. Uses of funds: research, development, sales, and marketing.

  • Unified biometric capture and rendering platform for global government and corporate identity management, security, prisons/criminal justice, fintech, medical/telemedicine, and AR/VR/3D applications
  • Proven and proprietary technology – patents (issued and pending) and trademarks; Class I medical device
  • Strong U.S. market – skin screening (over $19 billion), identification imaging (over $129 billion); and aesthetics (over $250 billion)
  • Revenue generating – creditworthy customer contracts in-place and in-process
  • Strong management team in technology, marketing and sales
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GO-TO-MARKET ADOPTION

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OPPORTUNITY – SKIN SCREENING AND AESTHETICS

Commercial Legacy skin imaging technology is antiquated (devices have limited diagnostics and lack 360-degree capabilities) – but has high demand and underserved markets.

  • Skin cancer is the most common cancer in the U.S. – around 3.6 million people are diagnosed with skin cancer every year (more than all other cancers combined)
  • When detected early the 5-year survival rate for melanoma is around 99%; annual cost of treating skin cancer in the US is at least $8 billion (59% nonmelanoma, 41% melanoma)
  • Global aesthetics imaging market is expected to reach $320 billion by 2030 (CAGR of 14.3%)
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OPPORTUNITY – PRISON IDENTIFICATION

Prison inmate identification is outdated – but has huge market potential.

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SOLUTION/STRATEGY

oVio Technologies creates image-centric data files that improve AI, machine learning, and computer vision technologies – makes people and machines smarter!

  • Solves legacy imaging problems and limitations using robotics and advanced learning technologies
  • Creates rich, 360-degree still and video image files quickly
  • Primary market segments – skin screening; identification; and aesthetics
  • Further market segments – immigration; school safety; identity management/facial recognition; military security; and digital twin creation
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MAKES PEOPLE AND MACHINES SMARTER

Creates image-centric data files that improve machine learning (ML), artificial intelligence (AI), and computer vision technologies.

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COMPETITIVE ADVANTAGES

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TECHNOLOGY AND FEATURES

  • Unified biometric capture and rendering platform for global government and corporate identity management, security, prisons/criminal justice, fintech, medical/telemedicine, and AR/VR applications
  • Integrated hardware and software ecosystem – software suite manages centering, capture, filing, storage, and indexing; open API enables integration with partner databases and systems
  • Modular platform to accommodate complex technologies and future enhancements
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SKIN SCREENING

  • Target market – lesions and moles; burn severity and recovery; bed sore tracking; and vascular issues
  • oVio’s 360 degree, AI-powered lesion detection, dermAId – setting a higher new standard for early cancer detection
  • Market entry strategy
    • medical diagnosis device as a value-added process – operation excellence and cost efficiency
    • usage-based pricing – revenues scale with usage and market size, lower upfront cost to provider
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dermAId – AI/ML SKIN SCREENING

  • oVio 360-degree scan for physician assessment
  • Neural network analysis – approximately 10x more accurate than human eye
  • Non-suspicious pigmented lesions (NSPL) and Ulcerative Dermatitis (UD) scores indicated for each lesion
  • Future applications – burns, acne, eczema, psoriasis, and lumps
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dermAId – MOLE DETECTION

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dermAId – BURN ANALYSIS

  • Software solution – integrates with Electronic Medical Record (EMR) software
  • Catalogues body parts – easy to select area to analyze
  • dernAld classifies burn – estimated time to heal; recommended treatment
  • Documents medical results and physician comments
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SKIN SCREENING LANDSCAPE – MARKET LEADER

“oVio is the clear leader in this space.
Hardware competitors lack 360-degree capabilities and have limited diagnostics.”
– The John Hopkins University

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IDENTIFICATION IMAGING – PRISON INMATE ENROLLMENT

“oVio’s 360 full body imaging incorporating soft biometrics (scars, marking, and tattoo) recognition presents an opportunity
to revolutionize law enforcement. There are currently no similar products on the market and no direct competitors.”
– The John Hopkins University

  • Optimizes law enforcement searches by powerful 360 degree still and video images; expedites ability to identify subject from all angles; more accurately identifies subjects with virtual lineups
  • Monitor and record prison population – including gang affiliations and changes in appearance; scars, marks, and tattoos (SMT) captured and indexed; AI/computer vision identification and assessment of SMT image data
  • Reduces administrative and processing time – captures relevant image data in as little as 4 seconds; requires little training for begin subject entry; biometrics can be saved in subject profile
  • Active collaborations – AWS/Amazon Government Service; and Lenovo
  • Suitable environments – Prison Management; Armed Forces ID; Borders/Immigration; Refugee Processing; Employee Registration; Transportation Security; and Homeland Security
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AESTHETICS AND PLASTIC SURGERY

  • Target market – face, body and hair restoration
  • 360-degree high resolution capture and top-down capture of hair – artifact-free lighting; head, torso, and selectable view of body
  • 360 video – enhances understanding of skin and nerve function before/after surgery
  • Workshop – full suite of past-capture tools such as before/after stills and videos; tagging by procedure; cloud-driven accessibility and sharing; sequential video viewing; image annotating and cropping; interoffice permissions
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AESTHETICS LANDSCAPE – MARKET LEADER

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MANAGEMENT

George Rebensdorf – Co-Founder and Chief Executive Officer

Over 39 years of executive management and advisory focused on corporate finance, merger and acquisition transactions. Currently, CEO of oVio Technologies (co-founded in 2015); Managing Partner, Implicit Care (predecessor of oVio Technologies); and President, The Rebensdorf Group (TRGI), a boutique investment banking and corporate finance advisory firm. Previously served as Managing Partner at E/W Capital, a mid-market investment advisory firm; Senior Vice President at Midcom Communications; and General Partner at Telenational Communications (TNCL). Authored numerous publications. JD, Creighton University School of Law. BA (magna cum laude) English, Arizona State University.

Theodore Edmund Gagliano – Co-Founder and Director

Over 32 years of strategic management, planning, operations and talent recruitment within the entertainment industry. Currently, Director at oVio Technologies; and Feature Film/TV Consultant, 20th Century Fox. Previously served as President, Post-Production at 20th Century Fox. Life-Time Achievement Award, Hollywood Post-Production Alliance. Board Member, Princeton University Triangle Club; and Board of Advisors Member, UCLA Department of Neurosurgery. Honorary PhD, Anglica Ruskin University (UK). BA in Comparative Literature, Princeton University.

Brian A. Middleton – Chief Financial Officer

Over 12 years of experience in global financial management and oversight within the infrastructure and logistics sector. Subject matter expert (SME) and Primary Point of Contact (POC) for profitability reporting at FedEx Express – oversees the global air and road network and manages over $1 billion in expense allocation each month. Awarded Key to the City of Memphis in 2014. Member of the Project Management Institute. Project Management Professional (PMP) certification. MBA Johns Hopkins University Carey Business School.

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FOOTNOTES:

Overview
Opportunity – Skin Screening and Aesthetics
Competitive Advantages
(1) John Hopkins University


Opportunity – Skin Screening and Aesthetics
(2) Kelly, P, G, Deepti, G, Teresa, KS. et al (2020) Age-Specific Incidence of Melanoma in the United States, JAMA Dermatol, 156(1), 57 – 64. 10.1001/jamadermatol.2019.3353
(3) Division of Cancer Prevention and Control, Center for Disease Control and Prevention, June 8, 2023 https://www.cdc.gov/cancer/skin/statistics/index.htm
(4) Skin Cancer Foundation – Facts and Statistics (2023) https://www.skincancer.org/skin-cancer-information/skin-cancer-facts/
(5) Mitler, R. (2023). Strategy Consulting Practicum – oVio Identification. Personal Collection of Mitler, Carey Business School, The Johns Hopkins University, Baltimore MD
(6) Grand View Research https://www.grandviewresearch.com/industry-analysis/medical-aesthetics-market#:~:text=The%20global%20aesthetic%20medicine%20market%20is%20expected%20to%20grow%20at,USD%20332.1%20billion%20by%202030


Opportunity – Prison Identification
(7) Urban Institute – Criminal Justice Expenditures: Police, Corrections, and Courts (2023) https://www.urban.org/policy-centers/cross-center-initiatives/state-and-local-finance-initiative/state-and-local-backgrounders/criminal-justice-police-corrections-courts-expenditures#:~:text=states%20and%20localities?-,How%20much%20do%20state%20and%20local%20governments%20spend%20on%20police,on%20courts%20(1.5%20percent)
(8) National Institute of Corrections – The growth of incarceration in the United States: Exploring Causes and Consequences https://nicic.gov/resources/nic-library/all-library-items/growth-incarceration-united-states-exploring-causes-and#:~:text=%22After%20decades%20of%20stability%20from,the%20largest%20in%20the%20world
(9) The Sentencing Project (2019) – https://www.ala.org/aboutala/sites/ala.org.aboutala/files/content/Trends-in-US-Corrections
(10) Bureau of Justice Statistics (2023) https://bjs.ojp.gov/library/publications/correctional-populations-united-states-2021-statistical-tables


dermAId – AI/ML Skin Screening
dermAID – Mole Detection
(11) Soenksen, L. R., Kassis, T., Conover, S. T., et al. (2021) Using deep learning for dermatologist-level detection of suspicious pigmented skin lesions from wide-field images. Science Translational Medicine


Skin Screening Landscape – Market Leader
(12) Mitler, R. (2022). Strategy Consulting Practicum – oVio Medical Aesthetics. Personal Collection of Mitler, Carey Business School, The Johns Hopkins University, Baltimore MD.

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Ken Margolis | Managing Partner Castle Placement, LLC
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