BrainScope Company

BrainScope Company

Brainscope, a health technology company, develops hand-held, non-invasive tools to assess the brain functions at the initial point of care. Learn more
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DateInvestorsAmountRound
N/A

$1.5m

Debt
N/A

$970k

Early VC
N/A

$400k

Early VC

N/A

Series A

$10.0m

Convertible
N/A

$2.5m

Early VC
*

$16.0m

Early VC

$35.0m

Debt
*

N/A

Series B
Total Funding$29.8m

Recent News about BrainScope Company

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BrainScope is a pioneering medical neurotechnology company focused on improving brain health through advanced diagnostic tools. The company specializes in the objective assessment of brain injuries, particularly concussions and mild traumatic brain injuries (mTBIs). BrainScope's flagship product, the BrainScope One system, is a portable, FDA-cleared device that uses EEG (electroencephalogram) technology to provide quick, efficient, and accurate assessments without the need for radiation.

BrainScope primarily serves healthcare providers, including hospitals, urgent care centers, and sports medicine clinics. These clients benefit from the device's ability to deliver objective diagnostic insights, which can lead to better patient care and more informed treatment decisions. The company operates in the medical technology market, specifically within the niche of brain injury diagnostics.

The business model of BrainScope revolves around the sale and distribution of its BrainScope One system to healthcare institutions. Additionally, the company may generate revenue through service agreements, training programs, and ongoing support for its devices. By providing a reliable and efficient tool for brain injury assessment, BrainScope helps healthcare providers improve patient outcomes and streamline their diagnostic processes.

Recently, BrainScope has made significant strides in its commercial adoption, highlighted by the appointment of industry veteran Susan Hertzberg as CEO. The company has also achieved key milestones, such as surpassing primary endpoints in a multi-year Department of Defense-funded validation study for its new concussion assessment capability. These developments underscore BrainScope's commitment to advancing brain health and solidifying its position in the market.

Keywords: neurotechnology, brain injury, concussion, EEG, diagnostic tool, healthcare, FDA-cleared, portable device, patient care, medical technology.

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