Cortigent

Cortigent

VANI
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Private Company

Total funding raised: $75M

Market Cap: $105.2MFounded: 2021HQ: Sylmar, United States

Overview

Cortigent is a neuroscience-focused medical device company, spun out from Vivani Medical, with a mission to restore lost body functions via targeted brain-surface stimulation. Its core achievement is building upon the legacy of the first FDA-approved retinal prosthesis (Argus II) to develop the next-generation Orion visual cortical prosthesis and a stroke motor recovery system. The company's strategy leverages a proprietary high-channel-count platform to address large neurological indications, though its path is complicated by its subsidiary status and a recently withdrawn planned spin-off from its parent company.

OphthalmologyNeurologyNeurorehabilitation

Technology Platform

A targeted cortical neurostimulation platform featuring a 60-electrode microelectronic implant placed on the brain's surface, connected to an external data processing unit, designed to deliver precise electrical stimulation to restore neurological function.

Funding History

2
Total raised:$75M
Series B$45M
Series A$30M

Opportunities

Cortigent's cortical stimulation platform targets two massive, underserved markets: artificial vision for nearly all forms of profound blindness and motor recovery for stroke survivors.
Success in either could yield blockbuster products, and the modular nature of the technology allows for expansion into other neurological indications.

Risk Factors

The company faces high clinical and regulatory risk with its pre-commercial platforms, dependency on parent Vivani Medical for funding and strategic direction following a withdrawn spin-off, and intense competition in the rapidly evolving neurotechnology space from both established medtech and well-funded startups.

Competitive Landscape

Cortigent competes in visual prosthetics against retinal implant companies (Pixium Vision) and emerging cortical BCI players (Neuralink, Science Corp.). In stroke recovery, it faces rehabilitative robotics, non-invasive stimulation, and historical precedent from Northstar Neuroscience. Its differentiators are its 60-electrode cortical array and prior FDA experience from Argus II.

Company Timeline

2021Founded

Founded in Sylmar, United States

2022Series A

Series A: $30.0M

2023Series B

Series B: $45.0M