DEPLOYDatabase

Company

Paradromics

Paradromics is an Austin-based neurotechnology company developing the Connexus BCI, a high data-rate fully implantable brain-computer interface for restoring…

HQ
Austin, Texas, USA
Status
private

The verified answer

As of Sep 2026, DEPLOY verifies Paradromics: 1 model, 2 deployments across 2 regions, $33.0M raised. 1 source back the record.

CategoryBiometric wearables

Overview

Paradromics is an Austin-based neurotechnology company developing the Connexus BCI, a high data-rate fully implantable brain-computer interface for restoring speech and computer control in people with severe motor impairment. First human implantation completed June 2026 at University of Michigan Health as part of the FDA-approved Connect-One clinical trial.

Verified record

Verified deployments
2 deployments on file
Active incidents
None on file

Valuation of record

DEPLOY VERIFIED
$198M (reported, approximate)as of May 2023

Priced roundSeries A post-money

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Key facts

FDA

IDE approved + Breakthrough Device

Data rate

200+ bits/sec

Product

Connexus BCI (fully implantable)

Data & sources

Web sources

1

1 source backing this record.View all →

Paradromics on the deployment map

View the global map

2 verified deployments across 2 regions, newest verified Jun 2024. Explore where Paradromics's robots are operating, by place and type.

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View the full Paradromics deployment record →

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Relationships

Current leadership (1)

Founders (1)

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Safety record

No incidents on record for Paradromics.

Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.

Full safety record: incidents, sourcing, and exposure data →

Operator customers (1)

Recent coverage

Paradromics in third-party press

Peers

3 peers across 1 segment. Every Paradromics competitor derived from shared form-factor and application-domain edges.

bci(3)

3 companies in this segment · highly_concentrated (HHI 3365.5523463639224) · leader Blackrock Neurotech at 3565%