BrainsWay

BrainsWay

BWAY
Is this your company? Claim your profile to update info and connect with investors.
Claim profile

Private Company

Total funding raised: $80M

Market Cap: $679.4MFounded: 2003HQ: Burlington, United States

Overview

BrainsWay is a commercial-stage medical device company with a mission to boldly advance neuroscience to improve health and transform lives. Its core achievement is the development and FDA clearance of its Deep TMS platform for multiple psychiatric indications, establishing it as a leader in noninvasive neuromodulation. The company's strategy focuses on expanding its cleared indications, optimizing treatment protocols, and growing its global installed base through direct sales and strategic partnerships. BrainsWay leverages a robust body of clinical evidence to drive adoption among providers and payers.

PsychiatryAddiction MedicineNeurology

Technology Platform

Proprietary Deep Transcranial Magnetic Stimulation (Deep TMS™) platform utilizing patented H-Coils to noninvasively stimulate deeper and broader brain structures for treating mental health and addiction disorders.

Funding History

4
Total raised:$80M
PIPE$25M
PIPE$25M
IPO$30M
IPOUndisclosed

Opportunities

The large and growing market for treatment-resistant mental health conditions, combined with expanding insurance coverage and the potential for new indication approvals, presents a significant growth runway.
Strategic investments in provider networks and adjacent technologies can accelerate market penetration and ecosystem development.

Risk Factors

Key risks include dependence on favorable insurance reimbursement policies, intense competition from other neuromodulation and pharmaceutical companies, and the execution risk associated with commercial expansion and clinical development of new indications.

Competitive Landscape

BrainsWay competes with first-generation TMS companies (e.g., Neuronetics), ECT, ketamine, and pharmaceuticals. Its primary advantages are deeper stimulation, FDA clearances for OCD and smoking addiction, and a strong patent portfolio, though it faces constant innovation pressure from new neuromodulation technologies.

Company Timeline

2003Founded

Founded in Burlington, United States

2019IPO

IPO — $30.0M

2021PIPE

PIPE: $25.0M

2021PIPE

PIPE: $25.0M