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Ossic
A technology solution that focused on developing a 3D audio headphones.
Description
Ossic was a technolog solution that focused on developing 3D audio headphones.
Legal Name
Ossic Corp
Former Legal Name(s)
-
Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
2014
Operational Duration
4 years
Shutdown Date
2018
Last Financing Round
Series A
Total Raised
USD 5.9M
Last Financing Date
24 Apr 2018
No. of Funding Round(s)
4
No. of Investor(s)
-
No. of Employees
10 - 50
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Growth
Transactional Model Type
B2B2C
Defensibility Moats
Willingness to experiment, Procedural knowledge,
City
San Diego
State/Province
California
Country
United States
Industry
Consumer Electronics
Categories
Audio, Hardware, Software,
- High Operational Cost
- The company announced that it was unable to keep up with production costs and posted an apology statement on its Kickstarter blog and website.
- The company blamed overwhelming production costs, unexpected delays and cost overruns coupled with ever-changing VR audio ecosystem.
- The company's statement claimed its researchers were unable to keep up with changing needs and demands to make headphones compatible with upcoming devices.
- With the funds from the crowdfunding campaign, along with angel investment, they were unable to develop the product and ship the initial units.
- However, the product still required significantly more capital to ramp to full mass production, and the company was out o money.
The product required more capital to ramp to full mass production
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
| No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Amazon Fire Phone | 37.9% | A 3D-enabled smartphone designed by Amazon. | Consumer Electronics | Software, Hardware | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2014 | - | - | - |
2. |  | Essential | 35.3% | A mobile and home devices company focused on creating consumer technology products for the 21st century. | Consumer Electronics | Smart Home, Hardware, Software, Mobile Devices, Manufacturing, Electronics | United States | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 100-250 | - | - | Inactive | - | - | 2015 | - | - | - |
3. |  | Wattage | 27.2% | An online platform that made creating hardware easy. | Consumer Electronics | 3D Printing, Software, Hardware, E-Commerce | Canada | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 50-100 | - | - | Inactive | - | - | 2014 | - | - | - |
4. |  | Jawbone | 24.9% | A tech company that manufactured wearable tech and portable audio devices. | Consumer Electronics | Wearables, Hardware, Fitness, Software | United States | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 1997 | - | - | - |
5. |  | Apple Newton's MessagePad | 23.6% | A personal digital assistant device developed by Apple Computer for the Newton platform. | Consumer Electronics | Hardware, Technology, Electronics | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Active | - | - | 1993 | - | - | - |
6. |  | MotoBox | 21.6% | Simple, WiFi-enabled, OBD-II vehicle data logger and cloud services creating a platform for custom software development. | Consumer Electronics | Vehicles, Component, Software | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2013 | - | - | - |
7. |  | Lytro | 17.5% | Developed light-field cameras. | Consumer Electronics | Hardware, Electronics, Photography | United States | - | - | - | - | - | Late Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 100-250 | - | - | Inactive | - | - | 2006 | - | - | - |
8. |  | Fry's Electronics | 15.7% | - | Consumer Electronics | Hardware, Retail, Software | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10001-10001 | - | - | Inactive | - | - | 1985 | - | - | - |
9. |  | Samsung Galaxy Note 7 | 15.3% | An android-based phablet designed, developed, produced and marketed by Samsung Electronics. | Consumer Electronics | Hardware, Software, Technology | South Korea | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2016 | - | - | - |
10. |  | Doppler Labs | 15.2% | A wearable technology company. | Consumer Electronics | Wearables, Technology, Hardware | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50-100 | - | - | Inactive | - | - | 2013 | - | - | - |
11. |  | Lily | 14.4% | A flying camera that took photos and video in the moment. | Consumer Electronics | Hardware, Drones, Robotics, Technology | United States | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Active | - | - | 01-Sep-2013 | - | - | - |
12. |  | Vertu | 8.5% | Offered luxury mobile phones. | Consumer Electronics | Mobile, Mobile Devices, Hardware, Product Design | United Kingdom | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 5000-10000 | - | - | Inactive | - | - | 2003 | - | - | - |
13. |  | Ozmo Devices | 8.1% | Offered Wi-Fi compatible communication technologies that delivered cost-effective WPAN connectivity for battery-operated devices. | Consumer Electronics | Electronics, Enterprise Software, Hardware | United States | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2004 | - | - | - |
| No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
- |  | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | David Carr | Research Analyst | - | - | - | - | - | - | - | Gleanster Research | - | - | - | - | - | - | - | - | - |
2. |  | Jason Riggs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
3. |  | Joy Lyons | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. | 24 Apr 2018 | Series A | - | - | USD 10K | Equity, | - | - | - | - | Withdrawn | ||
2. | 18 Jul 2016 | Non-Equity Assistance | - | - | - | - | - | - | 1 | - | - | - | - |
3. | 6 Jul 2016 | Equity Crowdfunding | USD 3.2M | - | - | - | - | - | - | - | Completed | ||
4. | 8 May 2016 | Equity Crowdfunding | USD 2.7M | - | - | - | - | - | - | - | Completed |
