Hotline: 1800 102 2007
Hotline: 1800 102 2007
Oct, 25 2017

NeuroPace raises $74 million fund from KCK Group and OrbiMed Advisors

Company estimates about 450 patients will be implanted with the device this year hopes to double that number in 2018

NeuroPace raises $74 million fund from KCK Group and OrbiMed Advisors

NeuroPace Inc said in a statement “it raised $74 million in equity funding as the medical device maker looks to rapidly expand commercialization of its device to treat epileptic seizures”.

The round of funding, led by the KCK Group and OrbiMed Advisors, is likely to be the Mountain View-based company's last as it plans to go public.

Chief Executive Frank Fischer said "Our strategy is to take the company public. Once implanted in the skull, NeuroPace's RNS System constantly monitors brain waves, identifying and disrupting unusual activity that may trigger seizures.

NeuroPace, which estimates about 450 patients will be implanted with the device this year, hopes to double that number in 2018.

Patients can also download data gathered by the RNS System, which can be studied by physicians to aid treatment by, for example, identifying the time of day a patient might be most susceptible to a seizure.

This feature could offer the medical community greater understanding of all disease whose past treatments included animal sacrifice and exorcism.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Gourmet Stores
    About Us: Roopak’s Pik-N-Pay is one of its kind stores offering..
    Locations looking for expansion Haryana
    Establishment year 1958
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Education Supplies
    About Us: Qikme is a 4 in 1 Software as a..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Others Food Service
    About Us: Sphurti are a leading brand in the dairy industries in..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Karveer Maharashtra
  • Fine Dine Restaurants
    About Us: Manbhavan means ‘pleasing mind’. True to its name, we..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities