Neurotech start-up Paradromics raises $20M to address brain-related disorders via next-gen brain-computer interfaces

Neuralink Competitor Raises $20 Million for Brain Implants (Bloomberg): A competitor to Elon Musk’s Neuralink said it raised $20 million, enough to get it on track to introduce a new generation of powerful and tiny electrodes to the human brain. Paradromics Inc., founded in 2015 about a year ahead of Neuralink, is building brain-computer interfaces that could help people with disorders ranging from paralysis to speech impediments. “Once you start to realize that the best way to describe the brain is through data, you start to reframe a lot of classically hard-to-treat conditions,” said Matt Angle, chief executive officer of Paradromics. “What the brain really is—it’s a data system.” For example, where a biological approach to blindness might be to attempt to regrow the retina, his approach would be to get visual data to the right part of the brain, even if it means using a computer … Paradromics’ technology builds on decades of research and work by initiatives such as BrainGate, and is one several companies in the field. So far this year, brain-machine interface startups have raised $132.8 million, according to PitchBook. That’s already one-third more than the sector raised in all of last year, and by far the most since 2017, a year when Neuralink raised $107 million. Paradromics said one of its advantages comes from the number of electrodes—400—that sit on each of its modules, more than on analogous devices. That will improve the quality and quan...
Source: SharpBrains - Category: Neuroscience Authors: Tags: Technology & Innovation brain implants brain-machine interface brain-related disorders BrainGate DARPA electrodes healthcare microelectronics Neuralink neuroscience Paradromics Prime Movers Lab Source Type: blogs