XpectralTEK is a European startup focused on the development of imaging diagnostics that aim to improve the visualisation of the human body, daily or environmental objects. By leveraging our expertise in spectroscopy, imaging and computer vision we develop innovative solutions tailored to unmet market needs.
We developed XPEfundus, a smart hyperspectral fundus camera capable to perform in-vivo retinal spectroscopy which is user-friendly and allowing for an unprecedented in-depth visual mapping of eye tissue alterations without the need for excessive irradiation. Unlike current diagnostic methods, our camera can render images of 3 times improved depth and quality than the current trichromatic fundus photography used by ophthalmologists. Enhanced with AI and VR, our camera becomes a complete diagnostic tool that empowers ophthalmologists towards the rapid and non-invasive detection of retinal diseases, medical education and research.
Its initial indication targets Diabetic Retinopathy the leading cause of blindness affecting the Diabetic population less than 65 years old. After 15 years of treating diabetes, 95% of type 1 diabetic patients and 60% of type 2 diabetic patients suffer from at least a mild and in some cases from severe diabetic retinopathy. In 2015, 415m people suffered from diabetes and this figure will grow up to 640m in 2040. There are 34,2M diabetics in the US, and around 24,000 new cases per year of retinopathy due to diabetes.
The objectives of the feasibility study were to assess in depth the target markets and segments, technology benchmark, financial projections and overall business assessment.
