Tech Company Financing Transactions
Paradromics Funding Round
Prime Movers Lab, Dolby Family Ventures and Green Sands Equity invested in a $33 million venture round for Paradromics. The funding round closed on 5/18/2023.
Transaction Overview
Company Name
Announced On
5/18/2023
Transaction Type
Venture Equity
Amount
$33,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to help the launch of its first-in-human clinical trial for the Connexus Direct Data Interface (DDI).
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
4030 W Braker Ln. 250
Austin, TX 78759
USA
Austin, TX 78759
USA
Phone
Undisclosed
Website
Email Address
Overview
Paradromics is developing high-volume bidirectional data streaming capabilities between brains and computers. Our neural interface technologies will initially be used to help physically disabled patients reconnect with the outside world -- with infinite possibilities beyond.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Thomas Krummel
Chief Executive Officer
Matthew Angle
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