Brainsgate

company

About

BrainsGate is a medical device company developing innovative therapies for patients suffering from central nervous system diseases.

  • 1 - 10

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$7M
Industries
Consulting,Health Care,Internet,Medical Device,Therapeutics
Founded date
Jan 1, 2002
Number Of Employee
1 - 10
Operating Status
Active

BrainsGate's platform technology involves electrical stimulation of the Spheno-Palatine Ganglion (SPG), a nervous center known to increase cerebral blood flow. BrainsGate is exploring several applications for its technology, and is currently focusing on treatment of acute ischemic stroke. Building on its technology, the Company has developed the ISS, based on a miniature electrode implanted at the roof of the mouth in a bed side, minimally invasive, local anesthesia procedure comparable to dental treatment. In 2008, the company completed ImPACT-1, a pilot clinical trial for acute ischemic stroke with promising results. In 2011 the Company completed a 300 patients RCT pivotal trial that further substantiated the safety and efficacy of its treatment for acute ischemic stroke patients. BrainsGate is currently running the ImpACT-24b, 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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$21M
Brainsgate has raised a total of $21M in funding over 2 rounds. Their latest funding was raised on Dec 6, 2020 from a Series F round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 6, 2020 Series F $14M 1 Detail
Aug 12, 2005 Series Unknown $7M 2 Detail

Investors

Number of Lead Investors
Number of Investors
3
Brainsgate is funded by 3 investors. Medtronic and Boston Scientific are the most recent investors.
Investor Name Lead Investor Funding Round
Medtronic Series F
Boston Scientific Series Unknown
Shrem, Fudim, Kelner Technologies Series Unknown