Paradromics, Inc.
San Jose, CA · Founded 2015 · CIK 0001668302 · Medtech · Private
implantable neural recording device with massively parallel microwire electrode arrays bonded to custom CMOS readout electronics for brain-computer interfaces
paradromics.com →- Grants
- $5.6M
- 5 awards
- Sector median: 1
- Raised
- $55M
- 7 Form D · Apr 2023
- 42 months since last filing
- Contracts
- —
- No federal contracts on record
- Patents
- 24
- 7 granted · 17 pending
- Sector median: 2
Capital Timeline
Federal ↑Equity ↓20152017201920212023
| Date | Event | Source | Amount |
|---|---|---|---|
| Private capital raised | Form D · SEC | $985,000 | |
| Federal grant | Department of Health and Human Services · Phase I · Commercial development of microwire bundle technology for massively parallel neural recording. | $399,248 | |
| Federal grant | Department of Health and Human Services · Phase I · Commercial development of microwire bundle technology for massively parallel neural recording. | $398,523 | |
| Private capital raised | Form D · SEC | $175,000 | |
| Private capital raised | Form D · SEC | $6,193,530 | |
| Private capital raised | Form D · SEC | $1,350,000 | |
| Private capital raised | Form D · SEC | $4,102,479 | |
| Federal grant | Department of Health and Human Services · Phase II · Development and evaluation of novel high-density intracortical microelectrode arrays for clinical applications | $3,156,162 | |
| Federal grant | Department of Health and Human Services · Phase II · Development and evaluation of novel high-density intracortical microelectrode arrays for clinical applications | $1,433,024 | |
| Private capital raised | Form D · SEC | $8,864,853 | |
| Private capital raised | Form D · SEC | $33,012,815 | |
| Federal grant | Department of Health and Human Services · Phase II · Development and evaluation of novel high-density intracortical microelectrode arrays for clinical applications | $234,718 |
Federal grant · SBIR/STTRForm D · SEC
Peer position
| # | Company | Contracts | Disclosed equity |
|---|---|---|---|
| 1071 | METRIA INNOVATION, INC. | — | — |
| 1072 | Circulogene Theranostics, Inc. | — | $9.1M |
| 1073 | Pepex Biomedical, Inc. | — | $202K |
| 1074 | Paradromics, Inc. | — | $55M |
| 1075 | ResQ Pharma, Inc. | — | $2.4M |
| 1076 | ZSX MEDICAL LLC | — | $1.1M |
| 1077 | Reflexion Pharmaceuticals, Inc. | — | $1.1M |
Ranked on federal contract value rather than capital raised. The equity column is the comparison worth making — companies at the same procurement position often sit at very different points in their funding history.
Founders & Team
- Matt AngleDirector · Executive Officer
- Matthew AngleDirector · Executive Officer
- Enke BashllariDirector
- Enkelejda BashllariDirector
- James BurrowsDirector · Executive Officer
- Helmy EltoukhyDirector · Executive Officer
- Edmund HuberDirector · Executive Officer
- Zia HuqueDirector
- Adam KablanianDirector
- Ron KellyDirector
- Yifan KongDirector
- Thomas KrummelDirector
- Amy KruseDirector
- Dakin SlossDirector
- Court WestcottDirector
Patents
- Systems, Devices, And Methods For Tissue Layer Removalgranted
- Systems And Methods For Detecting Corrupt Or Inaccurate Sensory Representationsapplication
- Methods For Improved Biocompatibility For Human Implanted Medical Devicesgranted
- Systems And Methods For Detecting Corrupt Or Inaccurate Sensory Representationsgranted
- Systems And Methods For Detecting Corrupt Or Inaccurate Sensory Representationsgranted
- Microelectrode Array And Methods Of Fabricating Sameapplication
- System And Methods For Processing Neural Signalsgranted
- Systems And Methods For Testing Conductive Microwiregranted
- Neural-interface Probe And Methods Of Packaging The Samegranted
- Systems And Methods For Splaying Microelectrode Sensorsapplication
- System And Methods For Processing Neural Signalesapplication
- Neural-interface Probe And Methods Of Packaging The Sameapplication
Regulatory activity · Medtech
- New Animal Drugs; Approval of New Animal Drug Applications; Withdrawal of Approval of New Animal Drug Application; Change of SponsorFood and Drug Administration
- Medical Devices; General and Plastic Surgery Devices; Classification of the Skin Patch for Treatment of HyperhidrosisFood and Drug Administration
- Medical Devices; Anesthesiology Devices; Classification of the Monitor for Opioid Induced Impairment of OxygenationFood and Drug Administration
- Medical Devices; Orthopedic Devices; Classification of the Medial Knee Implanted Shock AbsorberFood and Drug Administration
- Medical Devices; Neurological Devices; Classification of the External Lower Extremity Nerve Stimulator for Restless Legs SyndromeFood and Drug Administration
- Medical Devices; General Hospital and Personal Use Devices; Classification of the Infant Supine Sleep SystemFood and Drug Administration
Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.