ExCITE Riverside Graduate Startup Globe Biomedical Opens $500K Seed Funding Round for its Blink Frames™

By: Sharjeel Sohaib

• 

Aug 11, 2022

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excite

Utilize Our Platform

Blink, built by Global Biomedical for continuous ocular healthcare, enables users to monitor their overall wellness and eye health. Global Biomedical has decided to seek $500k seed funding for its platform, Blink Frames. 

Key Takeaways:

  • Joshua Park is a Riverside native who helped his father persevere his eyesight, and due to this, he built a platform, Blink to help people out there in taking care of their eye health. 
  • Globe Biomedical exemplifies how small businesses strengthen the entrepreneurial ecosystem and shared future. Behind the technology is a group of passionate people working hard to solve a problem that impacts us all. 

We Covered this in our Weekly Wire Roundup

Joshua Park’s Desire to Help People Take Eye Care Seriously

Joshua Park, a resident of Riverside, grew up fearing that his father may become blind. The older Park suffers from keratoconus, a degenerative eye condition that causes irregularities in the cornea and can eventually result in blindness.

Park and professor Matthew Rickard, both Riverside natives, developed a brilliant business idea at an engineering lab at California Baptist University due to Park’s intense desire to support his father.

Blink: The Right Platform to Track your Eye Health

Eye pressure monitoring to monitor a patient’s risk of glaucoma, the most prevalent cause of permanent blindness, evolved into the Blink platform for ocular health care, which includes a tiny camera hidden in fashionable eyeglass frames.

Patients often only see an optometrist once a year. The majority of eye diseases go untreated or aren’t treated well, according to Park, who is documenting a moment in the eye’s health. Over a million data points, including screen time and eye tiredness, may be remotely exchanged with Blink for innovative disease management and prevention.

“ExCITE was vital to our early success as a company,” Park said. “If we didn’t have ExCITE, it would have been much harder to get our product off the ground.”

After beginning to take shape in 2017, Globe Biomedical quickly generated a wave of momentum. The startup was approved for the ExCITE Riverside Incubator program. It awarded a $1 million National Science Foundation (NSF) small business research grant.

The proud ExCITE alumni currently work in a 1,800-square-foot office in Canyon Crest Towne Centre with 13 other people. The business is now raising money for a seed round and crowd equity to provide a chance.

Park claims that the company’s Riverside location is very beneficial for several factors, including employment.

A sophomore at Cal Baptist who is now in charge of a department was one of Globe Biomedical’s first employees.

“Globe Biomedical exemplifies how small businesses strengthen our entrepreneurial ecosystem and shared future,” said Mayor Patricia Lock Dawson, City of Riverside. “Behind the technology is a group of passionate people working hard to solve a problem that impacts us all.”  

The business has started clinical trials with the FDA to demonstrate that the technology can track a variety of eye disorders, including keratoconus, and is getting ready to market its first product later this year.

Note: Below you can read ExCITE Riverside’s profile and how it helps the local startups.

Wrap Up!

If you are concerned with any severe eye conditions, Blink can help keep your eyes healthy while informing you of any underlying issues. Blink also has the potential to reduce serious problems that may lead to blindness.

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