The scene has been hot for brain-computer interfacing (BCI) since Elon Musk announced its Neuralink project. One of Neuralink’s competitors is Austin-based Paradromics Inc., founded in 2015, about a year ahead of Neuralink. Bloomberg reported that Parandromics recently raised $20M to continue developing its high data rate implantable BCI.
Parandromics announced back in January 2020 that it had developed an implantable, low-power, high data rate neural sensor to enable massively parallel neural recordings for next-generation therapeutic applications. From the press release: