AI Neuro-Disorder Detection and Treatment Startup BrainQ Technologies Raises $8.8 Million
BrainQ develops a detection and non-invasive treatment technology aimed to help patients with paralysis move their limbs
Jerusalem-based medical startup BrainQ Technologies Ltd. announced on Tuesday it had raised $8.8 million in funding from investors including Qure Ventures, a venture capital fund of Jerusalem-headquartered equity crowdfunding platform OurCrowd, Russian businessman Roman Abramovich’s Norma Investments Ltd., and Tokyo-based IT-Farm.Founded in 2011 by Yotam Drechsler, Yaron Segal, and Esther Shohami, BrainQ employs a ten-person team and is currently conducting clinical trials in Israel. The company said in a statement it would use the funding to support additional clinical trials and to further develop and commercialize its technology.
BrainQ develops a headset that utilizes electromagnetic fields and artificial intelligence algorithms to detect and treat neuro-disorders such as stroke and spinal cord injury, and promote the natural recovery of patients’ brains, according to the company’s statements.
BrainQ. Photo: PR
BrainQ’s technology scans for movements in a patient's central nervous system and creates a tailored, non-invasive treatment protocol designed to help paralyzed patients move their limbs.
BrainQ was selected for Google’s AI startup accelerator in San Francisco in November 2017.