Last deal

$1M

Amount

Venture - Series Unknown

Stage

28.11.2014

Date

8

all rounds

$42.5M

Total amount

General

About Company
Cervel Neurotech develops medical devices for non-invasive deep brain neuro-modulation procedures.

Industry

Sector :

Subsector :

Also Known As

NEOSTIM INC.

founded date

01.01.2008

Operating Status

Closed

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Cervel Neurotech is a privately held medical device company located in San Mateo, CA. Founded in 2008, the company is pioneering an innovative, proprietary approach to non-invasive deep brain neuro-modulation using repetitive transcranial magnetic stimulation (rTMS). Cervel's technology uses magnetic fields to induce electrical currents within the brain to modulate the function of specific areas. The company's Steerable TMS technology avoids unintended stimulation of areas not associated with the disorder, enabling patients to begin treatment more quickly and result in a higher likelihood of a successful treatment. Cervel Neurotech's medical device is designed to provide treatment for psychiatric and neurological illnesses. The company was acquired by Rio Grande Neurosciences in 2015.
Contacts