{"id":99668,"date":"2024-10-29T11:29:00","date_gmt":"2024-10-29T10:29:00","guid":{"rendered":"https:\/\/www.pcb.ub.edu\/inbrain-neuroelectronics-raises-50-million-in-a-series-b-funding-round\/"},"modified":"2024-11-04T14:59:21","modified_gmt":"2024-11-04T13:59:21","slug":"inbrain-neuroelectronics-raises-50-million-in-a-series-b-funding-round","status":"publish","type":"post","link":"https:\/\/www.pcb.ub.edu\/en\/inbrain-neuroelectronics-raises-50-million-in-a-series-b-funding-round\/","title":{"rendered":"Inbrain Neuroelectronics raises $50 million in a Series B funding round"},"content":{"rendered":"

Inbrain Neuroelectronics,<\/a> a Brain-Computer Interface Therapeutics (BCI-Tx) company, based in the Barcelona Science Park, today announced the close of a $50 million Series B financing round. Founded in 2020 as a spin-off from ICN2<\/a>\u00a0and\u00a0ICREA<\/a>, with the participation of\u00a0IMB-CNM-CSIC<\/a>, the total amount raised since inception amounts to $68 million.<\/strong><\/p>\n

The round was led by imec.xpand<\/a> with new investors EIC Fund, Fond ICO Next Tech, CDTI-Innvierte and Avan\u00e7sa. Existing investors Asabys Partners, Aliath Bioventures and Vsquared also participated. In addition to the Series B round, Inbrain also secured additional funding and support from Merck KGaA to advance the clinical development of its technology in Merck\u2019s therapeutic areas of interest. This partnership will boost the translation of Inbrain\u2019s platform to human use, expanding its impact across both central and peripheral nervous system applications.<\/p>\n

The company\u2019s technology utilizes the unique properties of graphene, a Nobel Prize-winning material known for its strength, flexibility, and conductivity. Inbrain\u2019s implant is only 10 micrometers thick\u2014thinner than a human hair\u2014and is designed to safely decode and modulate neural signals with exceptional accuracy, offering a new level of performance in the emerging field of precision neurology.<\/p>\n

The funding will enable Inbrain to accelerate the development of its graphene-based BCI-Tx platform, which offers a bidirectional solution to decode and modulate neural activity with unprecedented resolution. The funding will support ongoing clinical trials, enable team expansion and further develop the company\u2019s AI-powered platform for the treatment of neurological-related diseases.<\/p>\n

\u201cWe\u2019re shaping the future of brain-computer interface therapeutics\u201d, explains Carolina Aguilar<\/strong>, CEO and Co-Founder of Inbrain Neuroelectronics. \u201cThis funding empowers us to advance our AI-driven graphene neurotechnology, which has already shown great results versus current commercial neuromodulation technology. We are excited to have the support of a top-tier syndicate as we work to bring this technology to patients in need of more precise, personalized treatments.\u201d<\/p>\n

As part of the funding round, Inbrain is also announcing a collaboration agreement with Interuniversity Microelectronics Centre (Imec<\/a>), the world’s leading independent nanoelectronics hub. Imec will support Inbrain in preparing to scale graphene interfaces at a commercial level.<\/p>\n

\u00bb Link to the press release [+]<\/a><\/strong><\/p>\n

\u00bb Related news [+<\/a>]<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Inbrain Neuroelectronics, a Brain-Computer Interface Therapeutics (BCI-Tx) company, based in the Barcelona Science Park, today announced the close of a $50 million Series B financing round. 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