3 years ago

Axoft Raises $8 Million for Next-Generation Brain Implants

  • Axoft, a company developing brain implants made from soft, flexible materials, has raised $8 million in seed funding led by venture firm The Engine

  • The company's technology aims to treat neurological conditions like cerebral palsy and enable communication

  • Axoft's implants use a soft polymer that doesn't cause scar tissue formation, unlike traditional silicon chips

  • The company has received Breakthrough Device designation from the FDA, accelerating its regulatory approval process

  • Axoft plans to use the funding for preclinical testing on animals and team expansion.

      • ProblemHealthcare

      "Patients with neurological conditions such as cerebral palsy and paralysis have limited communication and treatment options. Brain implants can help, but current technology has limitations due to the formation of scar tissue, which reduces their effectiveness."

      Solution

      "A soft, flexible brain implant made from polymers that don't induce scar tissue formation, allowing for improved communication and treatment options for patients with neurological conditions."

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