BrainQ, an Israel-based startup that goals to assist stroke victims and people with spinal twine accidents deal with their accidents with the assistance of a customized electromagnetic therapy protocol, at the moment introduced that it has raised a $5.three million funding spherical on high of the $three.5 million the corporate beforehand raised. The corporate’s traders embody Qure Ventures, crowdfunding platform OurCrowd.com, Norma Investments, IT-Farm and quite a lot of angel traders, together with Valtech Cardio founder and CEO Amir Gross.
After we final talked to BrainQ earlier this 12 months, the group was engaged on two human medical trials for stroke sufferers in Israel. At the moment, the corporate had closed its first funding spherical and had additionally lately began to work with Google’s Launchpad Accelerator, too.
The overall concept behind BrainQ is to make use of the affected person’s brainwaves to generate a tailor-made therapy protocol. No AI firm could be full with out information — it’s what drives these algorithms, in spite of everything — and the corporate says it owns one the most important Mind Laptop Interface-based EEG databases for motor duties. It’s that database that permits it to interpret the affected person’s mind waves and generate its therapy protocol.
“We’re on the verge of a brand new period the place AI- primarily based precision drugs shall be used to deal with neurodisorders, which don’t have a ample answer up to now,” mentioned BrainQ CEO Yotam Drechsler in at the moment’s announcement. “At BrainQ, we’re thrilled by the chance to convey this imaginative and prescient to life on the earth of neuro-recovery. In a short while, now we have already achieved vital outcomes and are wanting ahead to the chance to push our expertise and broaden our operations, additional positioning BrainQ as a pacesetter on the earth of BCI-based precision drugs.”
As is typical for Israeli startups, the group’s background is kind of spectacular and contains former members of the nation’s elite intelligence models and lecturers with a background in AI and neuroscience.