Synchron has secured $200 million in a Series D funding round to expand its operations and speed up the commercialization of its non-surgical brain-computer interface (BCI) designed for people with paralysis.
This funding increases the total capital raised by the New York-based medtech company to $345 million.
The brain-computer interface sector is gaining traction recently:
"Synchron has reeled in another $200 million in a series D round — cash the company said it will use to expand operations and accelerate commercialization of its non-surgical brain-computer interface for people with paralysis."
Author’s summary: Synchron's recent $200 million funding boosts its mission to commercialize nonsurgical brain-computer interfaces, reflecting growing momentum in the BCI field for paralysis and vision restoration.