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§ Private Profile · Bethesda, MD, USA
Medical device company developing FDA-cleared AI-powered EEG devices for mTBI, concussions, neurological conditions.
Bethesda, Maryland-based BrainScope Company develops FDA-cleared handheld medical devices and AI-powered platforms that utilize EEG technology to rapidly assess mild traumatic brain injuries and concussions. Founded in 2006 by Elvir Causevic, the medical technology firm has raised over $60 million in private capital from prominent investors like Steve Case and DBL Partners. BrainScope has also secured $30 million in strategic research contracts from the U.S. Department of Defense, General Electric, and the National Football League to fund its radiation-free diagnostic hardware. The enterprise validated its proprietary assessment technology through 20 clinical studies conducted across 55 locations, resulting in 15 peer-reviewed publications and the first FDA-cleared machine learning medical device in neurology. The company primarily distributes its flagship BrainScope One device to military units, emergency departments, urgent care clinics, and collegiate and professional sports programs.
BrainScope Company has raised $18.5M across 2 funding rounds.
BrainScope Company has raised $18.5M in total across 2 funding rounds.
BrainScope Company has raised $18.5M across 2 funding rounds. Most recently, it raised $2.5M Other Equity in September 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 4, 2015 | $2.5M Venture Round | — | — | Announced |
| Jan 28, 2014 | $16M Venture Round | Maryland Department OF Business And Economic Development | Cynthia Ringo, Maryland Venture Fund, Revolution, ZG Ventures | Announced |
BrainScope Company has raised $18.5M in total across 2 funding rounds.
BrainScope Company's investors include Maryland Department of Business and Economic Development, Cynthia Ringo, Maryland Venture Fund, Revolution, ZG Ventures.