The NuEyes offering is now closed and is no longer accepting investments.

NuEyes

Wearable Technology of the Future

NuEyes

Wearable Technology of the Future

Newport Beach, CA
Health Tech
Technology
NuEyes is a veteran owned technology company that enhances vision where it matters most! Utilizing its patented smart glass solutions, NuEyes addresses a multitude of augmented reality markets including low vision and medical, training, government, and enterprise.

$52,694

raised
100
Investors
$25M
Valuation
$43.00
Price per Share
$258.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$52,694

raised
100
Investors
$25M
Valuation
$43.00
Price per Share
$258.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on May 01, 2021 and is no longer accepting investments.

Reasons to Invest

Seasoned omni channel reseller partnerships currently generating revenue. Secured $3.6 million in revenue LTD (Life to Date).
Partnered and launching 20+ approved pilot studies with Fortune 500 companies.
Entering a growing AR & VR market, estimated to be $161.1 Billion by 2025.

Overview


We enhance vision where it matters most

As its first use case NuEyes built a series of augmented and virtual reality smart glasses with its strategic partners and manufacturers to enable and support the lives of people with impaired vision.

Our founders, who have extensive backgrounds in med tech specific to assistive technology, recognized that current technology addressed only a few of the patient needs. As any good tech story starts, NuEyes was founded in their garage in 2013 with working prototypes and basic software algorithms that were then tested out by the same patients for validation before the company was officially launched in 2016. We have now scaled to four key products with a fifth coming in 2021.

NuEyes helps real people with everyday problems. We have achieved Product-Market-Fit with our partnership announcement with Comcast which generated over 9M views in less than 3 months with specially curated stories from our users.

These testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.

The Problem


Ineffective, unattainable solutions for visual impairment

There are currently over 280 million people in the world with severe visual impairment, a number that is expected to grow over 72% in the next 10 years (source). With such a large number and anticipated growth rate - there is a lack of accessible technology that truly serves as a solution to this population.

Existing solutions for the visually impaired are often ineffective, inefficient, hard to obtain, and financially unreachable. Advanced technologies are frequently too expensive, leaving a large part of the low vision community without the best resources possible.

The Solution


Augmented Reality Empowering Vision for All!

To address this growing population of severely visually impaired people, we create technology that is accessible, effective, and affordable. Our solutions help people visually connect with loved ones, conduct day-to-day life more easily , and communicate more safely.

We offer four different smart glasses solutions that address the various needs of the visually impaired. Our glasses are lighter, faster, less expensive, more flexible, and have a broader range of features than other solutions on the market.

Our omnichannel distribution channel and B2C model drives steady revenue, propelling our growth. We uniquely offer reimbursement through the state, federal, VA, insurance, as well as two internal financing programs, making this a more accessible option without sacrificing quality. 

Our Traction


Product development, positive growth, and key media partners

Our traction is marked by our product development, revenue growth as well as our key partnerships. Sales of our four products, the Pro, Pro 3, and e2, along with key partnership deals with telecommunications and streaming services have driven our revenue to $3.6 million LTD, exhibiting 218% revenue growth with $3 million rolling. In November 2020, we brought our newest product, the e2 to launch. 

One of our key partners is Comcast, where we offer Xfinity streaming in our e2, and e2+ glasses. Our products are patented, with technology that helps thousands of people see again. We launched the very first pair of AR smart glasses that tether to your smartphone or tablet in the U.S.

Our product, the Pro 3 garnered significant Interest from Fortune 500 companies. We have 20+ approved pilot studies with another 10-pending approval from organizations such as Nestle, the U.S. Department of Veteran Affairs, Porsche, UPS, Audi and more. We’re soon launching a consumer version of the Pro 3 that will plug into a smart phone.


Beyond the hardware, we launched a Telemedicine Software Program in 2020. In January 2020, we also partnered with United Health Care and AT&T to offer 100% reimbursement. We have also launched two low-cost financing programs in the past 12 months.

NuEyes is trusted by our partners and by our funders, as we already raised $1.8M, $800k friends and family, $1M from notable angel investors and VCs.

The Market


Diverse potential in VR & AR for accessibility

The VR & AR market continues to grow as more organizations and companies invest in these industries. The opportunities for virtual reality are also disrupting the medical industry. With over 280 million people in the world with severe visual impairment, expected to grow over 72% in the next 10 years, market opportunity and customer demand are rampant (source).

In the U.S. alone, there are 7.2 million visually impaired adults in 2016 (source). By 2025, AR/VR applications will grow to a market value of $161.1 billion (source). Such a growing market, as well as a need for accessible technology, indicates strong expansion potential for NuEyes.

What We Do


Augmented and virtual reality for visual health and connection

At NuEyes we develop smart glasses solutions in conjunction with our multiyear exclusive manufacturing relationships to address low vision and medical, remote assistance, government/DOD, as well as enterprise needs.


Wearable technology is the future, and NuEyes Smartglasses bring the future to you in a small, compact yet powerful head-worn device. The core features of our Pro 3 products include 4K displays, 52-degree field of view, 20mp camera in a light 88g form factor as well as dual 6DOF cameras to render SLAM, hand gesture controls, object and plane recognition.


We are lighter, faster, less expensive, and more flexible with a broader range of features than any other solution on the market. AND we can prove it!

These testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.

We currently have four product offerings, the Pro, Pro 3, e2, and the e2+. We also offer a telemedicine feature - NuCall. Here’s a breakdown of our products:

A removable, visual prosthetic that helps the visually impaired see again while keeping their hands free. This product helps with several conditions including Macular Degeneration, Diabetic Retinopathy, and Ocular Albinism.

A removable visual prosthetic that helps the visually impaired see through a 1080P magnified display, that can be controlled with a smartphone or tablet. Our NuEyes Pro technology is voice-controlled for greater accessibility.


  • Tethered to Controller or Smartphone/Tablet

  • Object, Gesture, Plane, Motion, Speech Recognition and SLAM 

The NuEyes e2 was designed to be a device that not only helps the visually impaired but is extremely easy to use with just three buttons. Button one lets you select from a variable magnification depending if you want to read, watch TV, or look at a loved one’s face. The second button allows you to choose from three different contrast settings. The third and final button is for OCR/text to speech.


  • First-ever AR/VR Device

  • Stream Content, Telemedicine, VR Training

Similar to the e2, the NuEyes e2+ is a device that not only helps the visually impaired but is extremely easy to use. The only thing you need to do is press the power button and put the device on your head. No phone or extra accessories are required.


  • First-ever AR/VR Device

  • Stream Content, Telemedicine, VR Training

NuCall uses the most secure voice and video calling technology that does not require the doctor or patient to download any software, meaning no data remains on the device.

The Business Model


Signed partnerships and direct to client sales

We have signed partnership deals with many of the leading brands in our space, creating an omni-channel distribution model. With 100’s of resellers including state and federal agencies, NuEyes is poised to become one of the leaders in the augmented reality smart glasses space in 2021 and beyond!

For greater accessibility, our products are also available direct-to-consumer, with low financing options. Between partnerships and direct client sales, we have garnered $3.6 million in revenue to date. 

How We Are Different


A lighter, wider view - pioneering the AR and VR market

NuEyes leads the AR and VR industry through a wide range of features and more affordable pricing.


In our technology, our products are 80% lighter than the HoloLens 2. Our high-definition displays outperform competitor quality, as our products are paired with 1080p displays and a 20-megapixel camera. We also provided the widest field of view for true-to-life vision solutions. 

Our team, with over 30 years of domain experience, has successfully developed and launched products that have produced over hundreds of millions in revenue. Our advisors have experience in finance, corporate development, domestic and international business development, medical, government, and have successfully built and exited brands through M&A and IPO.

The timing for NuEyes has never been better for expansion and convergence as we trek through a growing need for advanced visual technology, as well as a growing AR and VR market.

The Vision


A leader in augmented reality for healthcare

We continue to grow by offering the latest technology that helps people live healthier, happier lives. Augmented Reality is here to stay, and it is only growing. NuEyes aims to continue dominating sales channels for AR/VR-supported health care. We are already a market leader in the healthcare industry and have generated growing revenue through our product offerings.

NuEyes’ significant position in Augmented Reality for healthcare and patent protected AR/VR operating software has created organic demand for growth into other verticals.

OUR LEADERSHIP


Experts with proven success in technology, healthcare, and business development

Our founding team and advisors are industry experts that expand from expertise in technology, healthcare/clinic settings, financing, and business development. The combined knowledge with years of experience and contacts in the above spaces makes us poised to grow and scale quickly while maintaining our lead in the marketplace.

Our founder and CEO Mark Greget is a U.S. Navy veteran and an accomplished medical technology entrepreneur. Mark is the founder of Los Angeles Low Vision which was recognized as a leader in the medical industry and became the number two distribution company in the country responsible for millions in revenue. He has just launched the new e2+ and is launching 2 new products in December including a revolutionary SaaS Surgical suite in early 2021.

Regina Chatman is responsible for high year over year growth, millions of dollars in revenue, and reseller productivity increasing in excess of 400%. Prior to NuEyes, held senior leadership role at assistive technology manufacturer. Achieved high sales growth rates and lead a team directly responsible for 20M+ in annual sales. Assistive technology industry for 11+ years; customer care, distribution communications and support. She studied business administration at Cal State University Long Beach.

Trevor Backlin brings over fifteen years of extensive consulting and business development experience with AR hardware and software applications. Helped position enterprises to accomplish successful AR use cases, KPI's and ultimately large scale deployments. Trevor’s expertise lies heavy in manufacturing, field services, pharma/life sciences, automotive, oil & gas, retail, telecom, AEC, and healthcare.

Why Invest


Invest in our mission to enhance vision where it matters most!!

We are passionate and determined to help solve key issues in people’s lives - particularly those with visual impairment. NuEyes provides smart glass solutions for those seeking to improve eyesight through advanced technology. We are making these key innovations accessible, through our partnerships and affordable plans.


Augmented Reality (AR) is here to stay, and it is only growing.  We are already a market leader in healthcare, revenue generating, have product market fit, and a clear path to outsized growth.

Offering Summary


Company

:

NuEyes Technologies, Inc.

Corporate Address

:

120 Newport Center Drive #232, Newport Beach, CA 92660

Offering Minimum

:

$9,976.00

Offering Maximum

:

$1,069,926.00

Minimum Investment Amount

(per investor)

:

$258.00











Terms


Offering Type

:

Equity

Security Name

:

Class A Common Stock

Minimum Number of Shares Offered

:

232

Maximum Number of Shares Offered

:

24,882

Price per Share

:

$43.00

Pre-Money Valuation

:

$25,002,479.00











COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days

In reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal shall not direct transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Launching without financial statements

In reliance on this relief, this offering has been launched without the required financial information. The financial information required by this offering that has been omitted is not currently available and will be provided by an amendment to the offering materials;  

Once the required financial information has been made available by amendment, each investor should review the complete set of offering materials, including previously omitted financial information, prior to making an investment decision; 

Furthermore, no investment commitments will be accepted until after such financial information has been provided.

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks

Time-Based Perks

Friends and Family - First 72 hours | 15% bonus shares

Super Early Bird - Next 72 hours | 10% bonus

Early Bird Bonus - Next 7 days | 5% bonus shares

Volume Based Perks

$1,000+

Investment

NuEyes T-shirt and Mug 

$2,000+

Investment

NuEyes T-shirt and Mug, 20% discount on all products.

$5,000+

Investment

NuEyes T-shirt and Mug , 5% bonus shares, complimentary Pro 3 or e2+

$10,000+

Investment

NuEyes T-shirt and Mug ,10% bonus shares,complimentary Pro 3 or e2+, phone call with CEO to discuss future products. "You can change the world with us"!

$25,000+

Investment

NuEyes T-shirt and Mug , 20% bonus shares, your choice of (2) Pro 3's or e2+s. Tour of NuEyes Offices and lunch with the CEO and Founder. 

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

NuEyes will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class A common stock at $ 43 / share, you will receive 110 shares of common stock, meaning you'll own 11 shares for $430. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$148,367.00 USD
$109,280.00 USD
Cash And Cash Equivalents
$8,404.00 USD
$8,610.00 USD
Accounts Receivable
$4,297.00 USD
$0.00 USD
Short Term Debt
$374,559.00 USD
$307,905.00 USD
Long Term Debt
$13,351.00 USD
$89,343.00 USD
Revenues And Sales
$937,034.00 USD
$1,012,566.00 USD
Costs Of Goods Sold
$405,065.00 USD
$517,307.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$25,188.00 USD
-$640,400.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

NuEyes Targets Gaming and Entertainment with Pro 3e

about 1 year ago

We are thrilled to announce the launch of the Pro 3e. These lightweight AR smart glasses are targeting customers for “light” enterprise use cases as well as the gaming and entertainment space. The Pro 3e are the first pair of AR smart glasses that are 5G ready and are the only smart glasses that are truly plug and play via its Type C plug to smart devices, like the Samsung S20. Please see press release below. 

https://www.prnewswire.com/news-releases/nueyes-targets-gaming-and-entertainment-with-pro-3e-301272162.html


NuEyes and the Pro3e Featured in VR Worth Tech!

about 1 year ago

We would like to thank Mark Dugdale for featuring NuEyes and the Pro3e in his latest featured story! Please click on the link below to read the full story. 


NuEyes is now a Samsung Ascend Partner!

about 1 year ago

In the coming days we will be announcing that NuEyes is a Samsung Ascend Partner. Partnering with Samsung will allow us to pair the Pro 3 and Pro 3e with various Samsung smart devices bring 5G to AR Smart Glasses. 

Notice of Material Change in Offering

about 1 year ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the NuEyes offering. Here's an excerpt describing the specifics of the change:


NuEyes has added their financials


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Trevor Backlin (NuEyes Executive VP) joins panel to give talk on "The Future of Augmented Reality and AI"

over 1 year ago

We have some exciting news coming up next week! Please join our Executive VP Trevor Backlin for his panel discussion on The Future of Augmented Reality and AI. To register for this online event please click on the link below.

https://www.thevrara.com/events/2021/3/30/register-for-our-online-event-the-future-of-augmented-reality-and-ai-with-ibm-nueyestech-avatarpartners-vrara-orangecounty

Testing on the Pro 3 G has Begun!

over 1 year ago

Using AR for gaming is right around the corner! Have you ever thought what the smart glasses would look like? We have, and are excited to be testing out our new Pro 3 G. In the coming months we will be announcing our low-cost solution for gamers with some exciting partnerships attached to them.


Step by Step Instructions in 4K with the Pro 3 AR Smart Glasses

over 1 year ago

Simple step by step instructions using images and text on the Pro 3 AR smart glasses.

 

Updated Pro 3 User Experience with Voice Commands

over 1 year ago

We are excited to show off our updated Pro 3 UI on the Samsung Galaxy s20.  Simply plug in your Pro 3 AR smart glasses to your phone or tablet and enjoy a handsfree experience!


xfinity stream gets a BIG update on the e2 and e2+

over 1 year ago

We are happy to announce that xfinity stream has been updated on the e2 and e2+. The update includes improved video quality, faster response time on the stream guide, as well as reduced buffer time.

Pro 3 Packaging Arrives!

over 1 year ago

Our Pro 3 sample packaging arrived today! Another step in the right direction for our upcoming launch!!


January 2020 to January 2021 YTD Sales up over 168%!!

over 1 year ago

Congratulations to the NuEyes team for starting the year off with a huge month in sales. Traditionally January is a slow time of the year for assistive technology sales. This year the team worked hard to achieve over 168% growth in sales!  


NuEyes Partners with Cherish Life to Further Support People with Visual Impairments

over 1 year ago

We are excited to announce our new partnership with Cherish Life, a “501 (c)(3)” nonprofit organization that supports individuals with visual impairments. Cherish Life’s mission is to support people with visual impairments and provide the necessary knowledge, devices, and aids to assist them in instrumental activities of daily living, education, and employment. By facilitating access to the best assistive tools and technology, recipients can reach their highest levels of independence and potential. Cherish Life also strives to improve the attitudes and views of and toward people with visual impairments.

Juhi Narula founded Cherish Life with one purpose in mind – to assist visually impaired/blind individuals in increasing their independence and quality of life. At age six, Juhi was diagnosed with cone-rod dystrophy, a progressive disorder of the retina causing impaired color vision, blind spots, and decreased visual acuity. As a junior in high school, Juhi recognized the assistive technology she relied heavily on was very costly and, therefore, inaccessible to most people. This organization is based out of MD, but they offer assistance nationwide.

https://cherishlifemd.org/

Dr. Andrew Fanous Joins NuEyes Board of Advisors

over 1 year ago

Please join us in welcoming Dr. Andrew Fanous to the NuEyes Board of Advisors. With his clinical expertise he will be joining our ever-growing team of medical professionals influencing and advising on the Pro 3 for surgical visualization as well as the upcoming NuLoupes product. We are confident that the NuLoupes will be the next revolutionary AR Smart Glass product to replace surgical and dental loupes.

Dr. Fanous’s Bio

Dr. Andrew Fanous, MD FAANS, is a board-certified neurosurgeon and the section chief of neurological surgery at INOVA. He received his undergraduate degree from Middlebury College, and received his medical degree from the Robert Larner College of Medicine at the University of Vermont. He received his training in neurological surgery at the State University of New York at Buffalo. He is fellowship-trained in minimally invasive and complex spine surgery from the University of Miami. Dr. Fanous specializes in surgery for brain & spinal conditions and has a particular interest in minimally invasive spine surgery, complex spine surgery and deformity, spinal tumors and spinal cord injuries. He speaks multiple languages, including Arabic, French, German, Italian, and Spanish.

Regina Chatman Promoted to President of Operations

over 1 year ago

We are happy to announce that Regina Chatman has been promoted to President of Operations. In her previous role as head of sales and marketing she was directly responsible for consistent year over year growth, millions of dollars in revenue, and reseller productivity increases in excess of 400%. Regina has been an integral part of NuEyes and its success from the inception and as we expand our product lines and revenue streams as well as internal and external staff in 2021 and beyond, she will be taking on more of a managerial role. Please join us in congratulating Regina on her new and exciting role!


NuEyes Technologies Partners with Unity as a Gold Authorized Reseller-Official Press Release

over 1 year ago

It has been an exciting year so far at NuEyes. We are happy to announce that we have joined an elite group of companies that have partnered with Unity as an authorized reseller. In the coming weeks we will be announcing the Unity/Pro 3 bundle!  Official press release link below!

https://www.newswire.com/news/nueyes-technologies-partners-with-unity-as-a-gold-authorized-reseller-21294592

NuEyes Technologies Partners with Unity as a Gold Authorized Reseller

over 1 year ago

We are excited about next weeks partnership announcement with Unity (NYSE: U)! Being part of an elite Unity partner ecosystem and having the ability to support our ever-growing network of developers is another step in the right direction for augmented reality smart glass adoption. 


Fraser Bowie Joins NuEyes Technologies Board of Advisors

over 1 year ago

We had a lot of exciting announcements in December and are happy to announce that Fraser Bowie, former head of AR/VR at Verizon has joined our Board of Advisors.

About Fraser Bowie:

Fraser has been at the forefront of technology throughout his career pushing the boundaries of solving business challenges in creative ways. His passion for the next big thing has kept him moving businesses forward year after year.

As a leader on the Global Learning and Development team at Verizon, Fraser introduced Virtual and Augmented Reality training and performance support to their operations. His leadership of these programs resulted in deployment to over 20,000 employees across 1,600 locations worldwide, the second largest of its kind. These innovative solutions resulted in increased engagement, reduced training times, and better-equipped employees.

Fraser continues to advance the XR space and is working with NuEyes on strategy for their AR solutions for the enterprise. Fraser has immersed himself in the wearables space understanding the challenges of manufacturers and implementers alike.

Pro 3 Type C Testing

over 1 year ago


I hope everyone is having a safe and relaxing holiday week. As with any new product I have had fun testing our new glasses over the past weeks. We are excited about 2021 and the future of the Pro 3 Type C glasses connecting to 5G phones and most smart devices.  




An In-Depth Look at the Pro 3 AR Smart Glasses

over 1 year ago


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