What is Ossia?
Founded in 2013, Ossia is dedicated to realizing the vision of over-the-air power delivery, a concept first explored by founder Hatem Zeine. The company's flagship Cota system represents a novel scientific approach to powering devices wirelessly, aiming to eliminate the need for traditional charging cables and batteries. Ossia's mission extends beyond mere convenience, emphasizing sustainability and the potential to significantly offset the environmental impact of battery usage. The company's name, derived from the musical term 'ossia' signifying an alternative passage, aptly reflects its ambition to redefine the future of energy.
How much funding has Ossia raised?
Ossia has raised a total of $24M across 5 funding rounds:
Series B
$2.7M
Series A
$587K
Series C
$10.3M
Private Equity
$9.4M
Debt
$1M
Series B (2011): $2.7M, investors not publicly disclosed
Series A (2012): $587K, investors not publicly disclosed
Series C (2014): $10.3M supported by KDDI, Intel Capital, Recruit Strategic Partners, and Westcott LLC
Private Equity (2014): $9.4M, investors not publicly disclosed
Debt (2020): $1M backed by PPP
Key Investors in Ossia
KDDI
KDDI, a major Japanese telecommunications provider founded in 1984, offers a wide range of services including fixed and mobile lines, and internet access. Their investment in Ossia suggests a strategic interest in integrating advanced wireless power solutions into future communication and device ecosystems.
Intel Capital
Intel Capital, the venture capital arm of Intel, invests in cutting-edge technology startups across various sectors including AI, autonomous vehicles, and cloud computing. Their backing of Ossia indicates a belief in the disruptive potential of wireless power for next-generation computing and connected devices.
Recruit Strategic Partners
Recruit Strategic Partners, based in Silicon Valley and part of Japan's Recruit group, invests in innovative U.S. companies. Their involvement with Ossia highlights a focus on transformative technologies and a willingness to co-invest with leading venture capital firms, aiming to foster global growth.
What's next for Ossia?
With substantial enterprise-level backing, Ossia is poised for accelerated growth and market penetration. The recent capital infusion is expected to fuel advancements in Cota technology, expand manufacturing capabilities, and broaden strategic partnerships. The company's focus on sustainability and its innovative approach to power delivery position it to capture a significant share of the burgeoning wireless power market. Future developments will likely involve broader adoption across consumer electronics, IoT devices, and industrial applications, solidifying Ossia's role as a leader in the next generation of energy solutions.
See full Ossia company page
