NexOptic Appoints Arch Meredith to Board of Directors

Optimal development technology company NexOptic announced that Arch Meredith was appointed to its board of directors.

Meredith is managing partner of Kite Hill Capital, a private venture capital firm that has been a pre-IPO and early investor in various technology sector companies, including Tesla Inc. and Uber Technologies Inc.

Meredith was cofounder, former president and chief financial officer of the Chroma Group, Inc., which developed patented technologies for pattern recognition and visualization. He also managed Chroma’s equity interests in its subsidiaries, including Quantitative Imaging and Vicus Therapeutics, which is currently completing phase III clinical trials on a neuro-immune modulator for the treatment of cancer. Meredith oversaw investments in Chroma’s subsidiary, Chroma Oil & Gas, and its acquisition by ACON. He remains a director of Vicus.

Prior to Kite Hill Capital and Chroma, Meredith was founder and chief executive officer of TeleTix, until its acquisition by Transamerica.

“We welcome Mr. Meredith to our board of directors,” said Paul McKenzie, chief executive officer of NexOptic. “With his exceptional experience in the technology sector and entrepreneurial expertise, we believe he will be a powerful contributor to our board as we further progress the development of our technologies towards commercialization.”

Meredith received his B.A. degree from Stanford University, and his M.B.A. from the Stanford Graduate School of Business.