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Neural Analytics raises $15M to commercialize non-invasive, ultrasound-based, brain health monitoring device


Neur­al Ana­lyt­ics, Inc. Rais­es $15 Mil­lion in Series B Financ­ing (press release):

Neur­al Ana­lyt­ics, Inc., a med­ical device com­pa­ny devel­op­ing and com­mer­cial­iz­ing tech­nol­o­gy to mea­sure, diag­nose, and track brain health, today announced that it has raised $15 mil­lion in Series B financ­ing led by Alpha Edi­son…The Lucid Tran­scra­nial Doppler Ultra­sound Sys­tem (Lucid Sys­tem) uses ultra­sound to assess the brain’s blood ves­sels from out­side the body. This analy­sis is non-inva­sive, can be per­formed in the physician’s office, and helps the physi­cian diag­nose brain dis­or­ders. The sys­tem is FDA-cleared and CE-marked for the mon­i­tor­ing of blood flow veloc­i­ties in the cere­bral vas­cu­la­ture. The Lucid Sys­tem is a bat­tery-oper­at­ed, med­ical-grade tablet device designed to be trans­port­ed eas­i­ly through­out a med­ical facil­i­ty and in a range of clin­i­cal sce­nar­ios that require the rapid assess­ment of blood flow in the brain to expe­dite treat­ment…

This fol­lows Neur­al Ana­lyt­ics’ recent announce­ment of its part­ner­ship with the Depart­ment of Defense (DoD) award­ing the com­pa­ny with a $10 mil­lion con­tract to devel­op and sup­ply a portable, point of injury device for assess­ing com­bat-relat­ed trau­mat­ic brain injury (TBI). The con­tract was award­ed by the U.S. Army Med­ical Research and Materiel Com­mand.”

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Categories: Cognitive Neuroscience, Health & Wellness, Technology

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As seen in The New York Times, The Wall Street Journal, BBC News, CNN, Reuters,  SharpBrains is an independent market research firm tracking how brain science can improve our health and our lives.

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