MintNeuro Raises $5M to Scale Neural Device Chips
MintNeuro raised $5M in funding led by Odyssey Ventures to scale its modular semiconductor platform for neural devices.
The big picture: London-based semiconductor company MintNeuro, a spinout from Imperial College London, has secured $5 million in a funding round led by Odyssey Ventures. The company MintNeuro develops specialized chips for neural devices and brain-computer interfaces.
Why it matters:
- Accelerated Development: MintNeuro’s modular semiconductor platform enables developers to build smaller, lower-power neural devices more quickly and cost-effectively.
- Broad Applications: The technology supports diverse applications including brain-computer interfaces, neuromodulation systems, sensory prostheses, and bioelectronic medicines.
- Market Traction: The company has already delivered working silicon and reached integration milestones with research and development partners, including Motif Neurotech and Amber Therapeutics.
How it works:
- Modular Platform: MintNeuro provides a flexible semiconductor platform designed for neural sensing, signal processing, and stimulation.
- Custom Chip Alternative: Its technology helps reduce the need for costly and lengthy custom chip development, simplifying the creation of advanced neural devices.
- Partner Integration: The company has established commercial agreements, including a multi-year chip supply deal with Motif Neurotech to support a neurostimulator for treatment-resistant depression.
The catch: The neurotechnology and BCI market is rapidly evolving and highly competitive, with numerous startups and established players vying for market share. MintNeuro’s success will depend on its ability to rapidly scale production, secure broader industry adoption, and navigate the complex regulatory landscape for medical devices, particularly as larger semiconductor firms may enter or acquire specialized players.
Key Facts
- Company: MintNeuro
- Amount: $5M
- Investors: Odyssey Ventures (lead), 33East, JSK Investments, Alumni Ventures, Empirical Ventures, Jumpspace Ventures
- Founder: Dorian Haci
- Sector: Neural Device Semiconductors
- Headquarters: London, GB
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