When was Paradromics founded?

Paradromics was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Paradromics located?

Paradromics is headquartered in Austin, United States.

How many employees does Paradromics have?

As of Aug 31, 2026, the latest employee count at Paradromics is 123.

Is Paradromics a funded company?

Paradromics is a funded company, having raised a total of $88.7M across 13 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 03, 2015.

How much is Paradromics worth?

The latest valuation of Paradromics is $***** as of Nov 25, 2025.

When was the latest funding round of Paradromics?

Paradromics' latest funding was a $***** Series A round on Feb 12, 2025, with participation from 1 investor.

Where does Paradromics rank among its competitors?

Paradromics ranks 3rd amongst 9 active competitors, of which 7 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Parasma, which secured $500K in Jun, 2026.

Who are the top competitors of Paradromics?

Paradromics' top competitors include Neuralink, Synchron and CorTec. Among them, Parasma secured the most recent funding round in June, 2026.

Paradromics - 2026 Company Profile, Team, Funding & Competitors

Paradromics is a series A company based in Austin (United States), founded in 2015 by Andreas Schaefer, Matt Angle and Edmund Huber. It operates as a Provider of data streaming brain-computer interfaces. Paradromics has raised $88.7M in funding from investors like Prime Movers Lab, Synergy Ventures and Arkitekt Ventures, with a current valuation of $*****. The company has 9 active competitors, including 7 that are funded. Its top competitors include companies like Neuralink, Synchron and CorTec.

Company Details

Provider of data streaming brain-computer interfaces. Its neural-machine interfaces facilitate data transmission between the brain and machines to assist in the treatment of neurodegenerative diseases. It is making high-volume bidirectional data streaming capabilities, that can enable a disabled person to connect to the outer world. Its implanted electrodes will send and receive signals from the brain to the sensor enabling prosthetic devices.

Website: www.paradromics.com/
Social
Email ID: *****@paradromics.com

Key Metrics

Founded Year

2015

Location

Austin, United States

Stage

Series A

Total Funding

$88.7M in 13 rounds

Latest Funding Round

Series A, Feb 12, 2025, $*****

Post Money Valuation

$***** as on Nov 25, 2025

Investors

Prime Movers Lab & 30 more

Ranked

3^rd among 9 active competitors

Employee Count

123 as on Aug 31, 2026

Similar Companies

Neuralink & 8 more

View Paradromics' full profile

Paradromics has raised a total funding of $88.7M over 13 rounds. Its first funding round was on Aug 03, 2015. Its latest funding round was a Series A round on Feb 12, 2025 for $*****. 1 investor participated in its latest round. Paradromics has 31 institutional investors.

Here is the list of recent funding rounds of Paradromics:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 12, 2025	2057376	Series A	1101582	3193682	4255528	9898053
Feb 05, 2025	3493102	Grant (prize money)	4835217	2869340	1410281	HHS
Nov 01, 2023	6654897	Series A	4392834	5133649	3613998	2180361

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View details of Paradromics's funding rounds and investors

The founders of Paradromics are Andreas Schaefer, Matt Angle and Edmund Huber.

Here are the details of Paradromics' key team members:

Andreas Schaefer: Co-Founder of Paradromics.
Matt Angle: Co-Founder & CEO of Paradromics.
Contact Info: 1 email address
Edmund Huber: Co-Founder of Paradromics.
Contact Info: 1 email address

View details of Paradromics's Founder profiles and Board Members

Paradromics' employee count trend

Paradromics has 123 employees as of Aug 26. Here is Paradromics's employee count trend over the years:

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Top competitors of Paradromics include Neuralink, Synchron and CorTec. Here is the list of Top 10 competitors of Paradromics, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Neuralink 2016, Fremont (United States), Series E	Provider of implantable brain-computer interfaces	$1.29B	Founders Fund, Vy Capital & 38 others	66/100
2nd	Synchron 2016, Brooklyn (United States), Series D	Developer of implantable bioelectronics for the treatment of neurological conditions	$345M	Arch Venture Partners, Khosla Ventures & 33 others	62/100
3rd	Paradromics 2015, Austin (United States), Series A	Provider of data streaming brain-computer interfaces	$88.7M	Wormhole Capital, Alpha Edison & 29 others	59/100
4th	CorTec 2010, Freiburg im Breisgau (Germany), Series C	Manufacturer of active implantable neurotechnology devices, components, and sub-assemblies	$21.6M	Santo Venture Capital, K & SW Consult & 7 others	57/100
5th	Inner Cosmos 2017, Portola Valley (United States), Seed	Provider of AI-based device for treating mood and addiction disorders	$11.9M	Lool Ventures, Starlight Ventures & 5 others	39/100
6th	NeuralPort 2020, Kyoto (Japan), Seed	Provider of brain-computer interface and neurotechnology solutions	$1.06M	MUFG, JFC	26/100
7th	BrainGate 2004, Glendale (United States), Funding Raised	Medical research developing brain-computer interfaces for people with paralysis	-	SoCal IP Ventures	19/100
8th	Novum 2014, Gaithersburg (United States), Deadpooled	Thought Recognition technology	-	-	15/100
9th	Parasma 2026, San Francisco (United States), Seed	Platform utilizing human brain cells for AI computing purposes	$500K	Y Combinator	15/100
10th	Prior AI Computers Cambridge (United States), Funding Raised	Developer of artificial intelligence systems based on cognitive science principles	-	Asylum Ventures	15/100