Paradromics

Paradromics

Austin, Texas-based company developing a high-volume bidirectional data streaming capabilities between brains and computers.

Paradromics is a company developing a high-volume bidirectional data streaming capabilities between brains and computers. Based in Austin, Texas Paradromics was founded in 2015 by a team of engineers and neuroscientists including Matt Angle (CEO).

Paradromics' new generation of brain-computer interfaces includes the development of an implantable chip that will record and stimulate electrical activity in the brain, allowing brains and computers to directly exchange data. Their neural interface technologies aim to help physically disabled patients reconnect with the outside world. The company's first product is an assisted communication device, restoring fluent conversation to people with severe paralysis who have lost the ability to speak or type.

The implantable system will have applications in practical healthcare by increasing data rate, portability, and durability. Paradromics is building advanced neural data decoding capabilities to convert complex neural recordings into data streams that can be fed into any downstream neural prostheses. The company's technology has:

  • High density neural interface - Up to 10,000 channels/sq cm to enable next generation neural applications
  • Minimally invasive design - Fully implanted and discreet form factor with microwires smaller than 20µm in diameter
  • On-chip data processing - Real-time spike detection and feature extraction in-situ.
  • Robust packaging materials - Metal and ceramic packaging for maximum system durability.

Funding

Paradromics received early support from both NIH and DARPA, the company is now backed by venture capital. Paradromics received a grant of $18.3M from DARPA on May 14 2017. On June 11 2018 they raised $7M in Seed funding, lead investors were Arkitekt Ventures and Synergy Ventures.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Paradromics funding round, June 2018
7,000,000
June 2018
2 Results
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People

Name
Role
LinkedIn

Andreas Schaefer

Scientific Advisor

Harbaljit Sohal

Neuroscience Team Lead

James Burrows

Chief Operating Officer

Jeremy Toohey

VP of Finance

Konrad Kording

Scientific Advisor

Kunal Sahasrabuddhe

Program Manager, NIOB

Matt Angle

Founder and CEO

Nick Melosh

Scientific Advisor

Robert Edgington

Head of Artificial Intelligence

Vikash Gilja

Scientific Advisor

Yifan Kong

Chief Engineer

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