About Paradromics
Paradromics is a company based in Austin (United States) founded in 2015 by Andreas Schaefer. Paradromics has raised $88.66 million across 12 funding rounds from investors including HHS, NEOM and DARPA. Paradromics offers products and services including Connexus Brain-Computer Interface. Paradromics operates in a competitive market with competitors including Neuralink and Inner Cosmos, among others.
- Headquarter Austin, United States
- Founders Andreas Schaefer
- SectorsTechnology
- Email••••••••
- Website paradromics.com
- Social LinkedIn X Facebook
- Total Equity Funding$88.66M (USD)
in 12 rounds
- InvestorsHHS
& 13 more
Products & Services of Paradromics
Paradromics offers a comprehensive portfolio of products and services, including Connexus Brain-Computer Interface.
Records brain activity to enable communication for paralyzed individuals.
Funding Insights of Paradromics
Paradromics has successfully raised a total of $88.66M across 12 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $88.66M
- Total Rounds 12
- First Round $985,000
(Aug 2015)
- Investors Count 14
Latest 10 of 12 funding rounds of Paradromics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2025 | – | Series A | – | – | |
| Nov 2023 | – | Series A | – | – | – |
| Mar 2023 | $50.14M | Series A | – | Prime Movers Lab | |
| Feb 2022 | – | Debt – Conventional | – | – | – |
| Feb 2022 | $8.86M | Seed | – | – | – |
| Sep 2021 | $3.16M | Grant | – | – | |
| Jul 2021 | $20M | Seed | – | Prime Movers Lab | |
| Mar 2019 | $1.35M | Seed | – | – | – |
| Feb 2018 | $7.14M | Seed | – | Arkitekt Ventures, Synergy Ventures | |
| Jun 2017 | $18M | Grant | – | – |
14 investors in total: 14 institutional.
Investors in Paradromics
Paradromics has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include HHS, NEOM and DARPA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A family investment office focused on venture and growth equity. | – | westcott.com | Dallas, United States | |
Venture capital fund focused on early-stage biotech, life sciences, IT, and multiple sectors | – | dolbyventures.com | San Francisco, United States | |
Private equity investments and corporate advisory services are managed. | – | greensandsequity.com | San Francisco, United States | |
US seed and early-stage startups are funded by Synergy Ventures. | – | synergyventures.net | Menlo Park, United States | |
Series A and growth-stage investments are made by Alpha Edison. | – | alphaedison.com | Los Angeles, United States | |
Early-stage tech investments are directed toward Asia and the US. | – | it-farm.com | Shinjuku City, Japan | |
Technology startups are funded by Pureland Group through venture capital. | – | purelandgroup.co | Singapore, Singapore | |
Investments are made in health technology by Arkitekt Ventures. | – | arkitektventures.com | - | |
Investment in transformative technologies is facilitated across markets. | – | loupventures.com | Minneapolis, United States | |
Investment in early-stage startups focusing on healthcare, AI, and industrial technology. | – | fusionfund.com | - |
Investor details for Paradromics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Paradromics
36 people are tracked at Paradromics (17 in leadership, 1 in board & advisors, 18 in team).
| Name | Role | Group |
|---|---|---|
Andreas Schaefer | Co-Founder | Leadership |
Ken Walker | Director of Clinical Operations | Leadership |
Sofi Hoysal | Vp, People | Leadership |
Kurtis Nishimura | Chief Technology Officer | Leadership |
Kelly Many | HR Business Partner | Leadership |
Noah Bartsch | VP of Clinical, Quality & Regulatory | Leadership |
James Burrows | COO | Leadership |
Violet Diaz | Executive Assistant to the CEO | Leadership |
Matt Marino | VP, Finance | Leadership |
Shaoyu Qiao | Director of Neuroscience | Leadership |
Matt Angle | CEO | Leadership |
Mea Amor | Director Of Operations | Leadership |
Renee Day | VP Of Marketing | Leadership |
Vikash Gilja | Chief Scientific Officer | Leadership |
Reema Khan | Chief Strategy Officer | Leadership |
Marie Fahey | Director Of Clinical Affairs | Leadership |
Lydia Hancock | VP Of Quality Affairs | Leadership |
Amy Kruse | Director | Board & advisors |
Roman Alyas | Quality Engineering Manager | Team |
Dongxiao Yan | Senior Research Scientist | Team |
16 more people are available in the full profile.
Complete people profiles for Paradromics
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Paradromics
3 dated milestones of Paradromics across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Paradromics is founded.
- Funding First funding round of $985K.
- Funding Latest funding round, Series A,.
Competitors of Paradromics
Paradromics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Neuralink and Inner Cosmos, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| neuralink.com | 2016 | San Francisco, United States | $1.29B | 331 | Implantable brain-computer interfaces are developed for thought-based device control. | |
| innercosmos.io | 2017 | Portola Valley, United States | $11.87M | – | AI-based implantable device for mood and addiction treatment is provided. |
Detailed competitors of Paradromics
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Paradromics
The website of Paradromics (paradromics.com) receives about 16.5K visits a month.
- Monthly visits16.5K
Websites whose visitors overlap most with Paradromics. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| geyerinstructional.com | 100% | – | #695,999 | View details |
Latest news on Paradromics
Complete news archive for Paradromics
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Paradromics
10 companies that operate in the same segment as Paradromics (Computer Vision & Imaging AI), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based satellite imagery data and analytics solutions are provided. | 2010 | San Francisco, California, United States | USD 666.69 M | USD 307.73 M | 970 | |
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,900 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 2,193 | |
Provider of SDK for smart data capture from barcodes, files, and IDs | 2009 | Zurich, Switzerland | USD 273.1 M | – | – | |
Cloud-based analytics solutions for retail shelf management are delivered. | 2010 | Singapore, Singapore | USD 1.03 B | – | – | |
Facial recognition and AI video analysis solutions are provided. | 2011 | Beijing, China | USD 1.98 B | – | – | |
Robotic equipment for automating weeding on vegetable farms is developed. | 2016 | San Francisco, California, United States | USD 139.96 M | – | 73 | |
AI-driven image recognition for emotion and activity analysis is provided. | – | Boston, Massachusetts, United States | USD 59.7 M | – | 40 | |
AI-driven dashcams and road safety solutions are provided for drivers. | 2015 | Tel Aviv, Israel | USD 149.5 M | – | – | |
Autonomous drones, software, and accessories are manufactured for various sectors. | 2014 | San Mateo, California, United States | USD 825 M | – | 723 |
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Frequently Asked Questions about Paradromics
Paradromics was founded in 2015.
Paradromics is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Paradromics is a funded company, having raised a total of $88.66M across 12 funding rounds to date. The company's 1st funding round was a Grant of $18M, raised on Aug 2015.
Paradromics was founded in 2015 in Austin, United States, within the neurotechnology sector. Neural-machine interfaces are developed to enable bidirectional data transmission between the brain and external devices. Implanted electrodes are utilized to send and receive signals, supporting treatments for neurodegenerative diseases and facilitating connections for individuals with disabilities through prosthetic integration. Operations focus on high-volume data streaming capabilities.
Paradromics's top competitors include Neuralink and Inner Cosmos.
Paradromics offers Connexus Brain-Computer Interface.
Paradromics has 14 investors. Key investors include HHS, NEOM, DARPA, Prime Movers Lab, and Westcott Investment Group.