NeuroOne

NeuroOne

NMTC
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Private Company

Total funding raised: $45M

Market Cap: $37.2MFounded: 2008HQ: Eden Prairie, United States

Overview

NeuroOne's mission is to advance neurology through superior thin-film electrode technology, offering improved biocompatibility and signal fidelity over traditional devices. The company has achieved commercial validation with multiple FDA 510(k) clearances for its diagnostic (Evo® sEEG/Cortical) and therapeutic (OneRF® Ablation) systems. Its strategy is to first establish its electrodes as a standard in diagnostic monitoring and then leverage the same platform for therapeutic ablation, creating an integrated solution. This positions NeuroOne to capture value across the epilepsy and neuromodulation markets.

EpilepsyTrigeminal NeuralgiaNeuromodulation

Technology Platform

Proprietary flexible thin-film electrode technology for high-definition neural recording and integrated therapeutic ablation, enabling a diagnostic-to-therapeutic continuum in a single platform.

Funding History

2
Total raised:$45M
Series B$30M
Series A$15M

Opportunities

The integrated diagnostic-to-therapeutic platform addresses a clear unmet need in drug-resistant epilepsy, potentially improving workflow and outcomes.
Expansion into trigeminal neuralgia and future neuromodulation applications offers significant market extension.
The thin-film technology platform is a scalable foundation for next-generation brain-computer interfaces.

Risk Factors

Commercial execution risk is high, requiring rapid adoption in a competitive market with established players.
Financial sustainability is a concern given early revenue stage and potential need for further capital.
Long-term clinical data and favorable reimbursement are critical for widespread acceptance.

Competitive Landscape

Competes against large device companies (Medtronic, Integra) offering traditional electrodes and separate ablation/laser systems. NeuroOne's key differentiator is its FDA-cleared, integrated platform using the same electrode for diagnosis and therapy, a unique offering in the market.

Company Timeline

2008Founded

Founded in Eden Prairie, United States

2021Series A

Series A: $15.0M

2022Series B

Series B: $30.0M