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
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$88.66 M (USD)
in 12 rounds
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Latest Funding Round
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Investors
HHS
& 13 more
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Employee Count
Employee Count
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Products & Services of Paradromics
Paradromics offers a comprehensive portfolio of products and services, including Connexus Brain-Computer Interface. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Records brain activity to enable communication for paralyzed individuals.
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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 Total Funding
- Total Rounds 12
- Last Round Last Round
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First Round
First Round
(03 Aug 2015)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series A - Paradromics | Valuation |
investors |
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| Nov, 2023 | Amount | Series A - Paradromics | Valuation |
investors |
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| Mar, 2023 | Amount | Series A - Paradromics | Valuation | Prime Movers Lab |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A family investment office focused on venture and growth equity.
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Founded Year | Domain | Location | |
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Venture capital fund focused on early-stage biotech, life sciences, IT, and multiple sectors
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Founded Year | Domain | Location | |
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Private equity investments and corporate advisory services are managed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paradromics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Paradromics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paradromics Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Implantable brain-computer interfaces are developed for thought-based device control.
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| domain | founded_year | HQ Location |
AI-based implantable device for mood and addiction treatment is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paradromics
Frequently Asked Questions about Paradromics
When was Paradromics founded?
Paradromics was founded in 2015.
Where is Paradromics located?
Paradromics is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Paradromics a funded company?
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 Series A of $50.14M, raised on Aug 03, 2015.
What does Paradromics do?
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.
Who are the top competitors of Paradromics?
Paradromics's top competitors include Neuralink and Inner Cosmos.
What products or services does Paradromics offer?
Paradromics offers Connexus Brain-Computer Interface.
Who are Paradromics's investors?
Paradromics has 14 investors. Key investors include HHS, NEOM, DARPA, Prime Movers Lab, and Westcott Investment Group.