neuro42 Closes $6.5 Million Series A Round

neuro42, the medical technology company leading the next evolution of MRI and robotics, has closed a $6.5 million Series A financing round. Zepp Health led the financing round and is joined by ShangBay Capital and prominent angel investors, Krishna R. Bhupal and Philip Dolan.
 
The financing will enable neuro42 to advance the development of the first-of-its-kind MRI and robot, and allow physicians to diagnose brain injury in acute settings and treat neurological diseases intraoperatively under live imaging. To date, the company has raised $7.8 million, of which $1.3 million was in an oversubscribed seed round that closed earlier this year.
 
“The investment will fast-track our progress in bringing our products to the masses and creating a meaningful impact for neuro physicians and neurosurgeons in treating their patients,” said Dr. Amit Vohra, founder and CEO of neuro42. “We are thrilled by the support of our investors who see the disruptive potential of MRI guided interventions.”
 
neuro42’s patient-centric approach will provide patients with cutting-edge technology as it works to expand the frontiers of knowledge in the fields of neuro medical imaging, robotics, and artificial intelligence. The trailblazing company was formed to focus on brain imaging and treatment of various brain conditions including, but not limited to stroke, hydrocephalus, epilepsy and various brain tumors.
 
“neuro42 and their team of medical and scientific experts encompass deep industry knowledge, triggering the next wave of growth in the field of neuroimaging and interventions,” said Mike Yeung, chief operating officer of Zepp Health. “The company offers a unique and scalable opportunity, combining proprietary MRI technology with artificial intelligence and robotics.”
 
One of the most significant advantages neuro42’s technology brings to the market is that the novel scanner allows for robotic procedures outside of the traditional magnetic resonance suite, expanding the possibilities of intraoperative image guidance and disease treatment.
 
neuro42 Inc. is a San Francisco-based medical technology company focused on diagnostic imaging and image guided surgical interventions of the brain. Founded by a team of successful entrepreneurs and healthcare innovators, the company is developing and commercializing an intraoperative magnetic resonance (MR), artificial intelligence and robot that allows easy access to MR imaging for screening, diagnosis and interventions of neurological diseases. Backed by over 30 patents, neuro42’s platform is poised to enhance patient and physician experience with its novel, easy-to-use and portable configuration.