Brainsgate
Company

Last deal

$14M

Amount

Series F

Stage

06.12.2020

Date

6

all rounds

$98.5M

Total amount

General

About Company
BrainsGate is a medical device company developing innovative therapies for patients with central nervous system diseases.

Industry

Sector :

Subsector :

founded date

01.01.2002

Number of employees

Company Type

For Profit

Last funding type

Series F

IPO status

Private

Description

The company's platform technology involves electrical stimulation of the Spheno-Palatine Ganglion (SPG), a nervous center known to increase cerebral blood flow. BrainsGate is currently focusing on treatment of acute ischemic stroke, and has developed the ISS, a miniature electrode implanted at the roof of the mouth in a bed side, minimally invasive, local anesthesia procedure comparable to dental treatment. The company has completed clinical trials with promising results, and is currently running a multi-national, randomized, double-blind, sham-controlled pivotal study to assess the safety and efficacy of its treatment for stroke patients in a 24-hour window.
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