MedevPlus

What MedevPlus does

MedevPlus, legally Tishyas Medical Device Development Solutions Private Limited, is a Bengaluru-based deeptech medical device company founded in 2018 that designs and manufactures portable Optical Coherence Tomography (OCT) systems under the IXanner brand. Its core technology combines a patented battery-powered spectrometer with FPGA-based processing, a proprietary motion artifact reduction method, and cloud integration to deliver high-resolution 3D cross-sectional imaging in a portable, battery-powered form factor. The company claims the IXanner 7vn is the world's first portable OCT for human ophthalmology, and the portfolio has since been extended into IXanner AEAR (multi-application medical, veterinary, and industrial imaging) and IXanner VET (veterinary ophthalmology), plus custom OCT solutions for pharmaceutical quality control, biotechnology research, and industrial inspection.

The business model is hardware-led: MedevPlus sells OCT devices through direct enterprise field sales (website 'Book a Demo' / 'Talk to an Expert' CTAs) and through authorized distributors, with quote-based, multi-year contract pricing. Ancillary revenue comes from training, customer support, and bespoke industrial OCT configurations. Its primary customer segment is healthcare and ophthalmology providers, with secondary segments in veterinary medicine, industrial manufacturing and scientific research, biotechnology, pharmaceuticals, and agriculture. The company is incorporated in India, holds ISO 13485:2016 and CDSCO certifications, has achieved EU and UK Declaration of Conformity, and is in the US FDA IDE process, signaling an intent to commercialize internationally from a domestic base. Go-to-market is sales-led and enterprise-oriented, with the company employing 24 people as of the most recent disclosure.

Name

MedevPlus

Legal name

Tishyas Medical Device Development Solutions Private Limited

Website

https://medevplus.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

MedevPlus is a Bengaluru-based deeptech company that designs and manufactures portable Optical Coherence Tomography (IXanner) devices for human ophthalmology, veterinary care, and industrial imaging, selling through direct enterprise sales and distributors.

Ownership category

akta.pro rank

Product category

Medical Imaging Devices (Optical Coherence Tomography)

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Surgical and Medical Instrument Manufacturing (339112), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Ophthalmic Goods Manufacturing (339115)

SIC

Optical Instruments & Lenses (3827), Surgical & Medical Instruments & Apparatus (3841), Laboratory Analytical Instruments (3826)

akta.pro primary industry

Retinal Imaging & OCT Systems (OCT/OCTA, Fundus Cameras, Fluorescein/ICG Angiography) (HLAHAJAB)

akta.pro secondary industries

Vision & Ophthalmic Diagnostic Centers (Optometry/OCT/Retinal Imaging) (HLAFAKAI), Imaging Equipment & Accessories (X-ray, Ultrasound, Endoscopy) (HLAMAFAC)

Keywords

• Optical coherence tomography
• Medical imaging devices
• Portable diagnostic equipment
• Ophthalmology imaging
• Veterinary imaging systems

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Hardware Sales - OCT Devices: MedevPlus generates revenue primarily through the sale of OCT imaging devices including IXanner 7vn, IXanner AEAR, and IXanner VET. Products are sold with varying configurations (screening vs diagnostic versions) and models (Model M with camera feedback, Model μ for pediatric/rapid screening).
2. Professional Services: Revenue from training, customer support, and related business interactions. The company offers comprehensive training, user guides, and customer support to ensure seamless device usage and integration.
3. Custom OCT Solutions: Customized OCT solutions for industrial applications, including pharmaceutical quality control, biotechnology research, and manufacturing inspections.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

MedevPlus designs, develops, and manufactures Optical Coherence Tomography (OCT) imaging devices used for ophthalmology, veterinary diagnostics, and industrial/scientific imaging. Its flagship product is the IXanner 7vn, a portable OCT scanner for retinal and anterior-segment imaging, complemented by the IXanner AEAR and IXanner VET variants plus custom-engineered OCT solutions for OEM and industrial customers.

Product overview

MedevPlus offers a portfolio of Optical Coherence Tomography (OCT) imaging devices. The flagship IXanner 7vn is the world's first portable OCT, available in Version 1 for screening and Version 2 for diagnostics, with Model M and Model μ configurations. The IXanner AEAR provides multi-application imaging for medical, veterinary, and industrial use, while the IXanner VET targets veterinary ophthalmology specifically. Custom OCT solutions extend the technology to industrial applications like pharmaceutical quality control and manufacturing inspection.

Differentiator

Problem solved

Functional benefit

Brands

• IXanner: Brand name for the company's line of Optical Coherence Tomography (OCT) devices, including IXanner 7vn (portable OCT for human ophthalmology), IXanner VET (veterinary OCT), and IXanner AEAR (advanced OCT for ophthalmology, veterinary, and industrial applications).

Products and services

• IXanner 7vn Portable OCT A portable Optical Coherence Tomography (OCT) scanner designed for retinal and anterior-segment imaging in ophthalmology; targeted at eye clinics, ophthalmology departments and diagnostic centers needing a compact, AI-enabled OCT device.
• IXanner AEAR An OCT imaging device variant for advanced ear and related anatomical imaging applications; targeted at specialist clinics and research users.
• IXanner VET A veterinary-focused OCT imaging device for animal ophthalmology and dermatology; targeted at veterinary hospitals, specialty vet clinics and animal research laboratories.
• Custom OCT Solutions Bespoke OCT hardware and software solutions, including OEM/private-label OCT modules, tailored for industrial inspection and scientific research applications.

Quantifiable outcome

• Reduces unnecessary referrals to tertiary centers
• +3 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Scale indicators3 records

Recent moves6 records

Direct peers

• Wasatch Photonics: Designs and manufactures OCT spectrometers and complete OCT systems for industrial, scientific, and ophthalmic applications. Comparable technology stack (spectrometer-based OCT) and overlapping industrial/scientific customer base.
• Sonomed Escalon: Specialty ophthalmic diagnostic device company offering ultrasound and OCT imaging products. Comparable in offering clinical ophthalmic imaging hardware to a similar end-user base of ophthalmologists and clinics.
• Thorlabs: Provides swept-source OCT engines, spectrometers, and OEM imaging modules used in industrial and scientific OCT systems. Comparable to MedevPlus's IXanner AEAR and Custom OCT for pharma/biotech/industrial QC applications.
• Heidelberg Engineering: Premium OCT manufacturer (Spectralis) widely used in tertiary ophthalmology. Direct peer in clinical OCT; differs in being focused on high-end stationary platforms, but the technology and clinical use cases overlap directly with IXanner 7vn.
• NIDEK: Japanese ophthalmic device maker offering retinal/OCT imaging systems. Direct competitor in OCT hardware for ophthalmology practices; also serves veterinary and industrial vision markets similar to MedevPlus's segmentation.
• Optovue (Visionix): Pioneered OCT angiography (OCTA) and Avanti/Solix wide-field OCT systems. Directly comparable OCT product family targeting ophthalmology; Visionix parent expands reach into refraction and screening workflows adjacent to MedevPlus's primary-care play.
• Carl Zeiss Meditec: Global market leader in ophthalmic imaging including OCT systems (Cirrus HD-OCT). Direct competitor in the same OCT category; MedevPlus's portable form factor attempts to address segments (primary care, home use) where Zeiss's cart-based systems do not reach.
• Topcon Healthcare: Major ophthalmic imaging vendor with the Maestro/3D OCT series. Competes in the same OCT category for ophthalmology clinics and screening; comparable customer base and clinical workflow overlap.

Emerging players

• Phelcom Technologies: Brazilian health-tech company building portable/handheld retinal imaging devices (Eyer) for screening and telemedicine. Closest emerging peer to MedevPlus's portable, low-cost, telemedicine-ready positioning in human ophthalmology.
• Lumedica: Developer of low-cost OCT systems (OQ-LabScope) targeting research and point-of-care use. Comparable technology approach (SD-OCT) and overlapping industrial/scientific customer base; smaller scale and emerging.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/medevplus

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MedevPlus