{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgN6uzdkJDA","lastupdate":"2022-08-09T00:00:00.000Z","update_date":"2022-08-09T00:00:00.000Z","lastModified":"Jul 17, 2025","active":1,"confidence_score":99,"confidence_score_reason":"markets","urlname":"brainsgate","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$Urhs3b2Q8C6k0rpZdAl567Z5NzS5pTuYJq4F8canXVmXvTIXV5bx4v","name":"BrainsGate","oneliner":"Minimally Invasive Treatment for Central Nervous System Diseases","registrar":"512988338","website":"https://www.brainsgate.com","careerspage":"","founded_month":7,"founded_year":2000,"formernames":[],"sociallinks":{"twitter":"","youtube":"https://www.youtube.com/channel/UCuaYZKxRZKbwszkOrEeVmSA","facebook":"","linkedin":"https://www.linkedin.com/company/140283","instagram":""},"social":["https://www.youtube.com/channel/UCuaYZKxRZKbwszkOrEeVmSA","https://www.linkedin.com/company/140283"],"flattenedsociallinks":"https://www.youtube.com/channel/UCuaYZKxRZKbwszkOrEeVmSA|https://www.linkedin.com/company/140283","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":19,"patent":0,"raised":98500000,"stage":"F","public_stage":"F","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4LuwgtgKDA","primary_sector":"Health Tech & Life Sciences","alternativenames":[""],"about":"BrainsGate is a medical device company that develops therapies for patients suffering from central nervous system diseases, with a focus on the treatment of acute ischemic stroke. 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The small enrollment of study subjects in the U.S. was a key issue, highlighting the risks of relying on non-U.S. study data in FDA applications.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["Brainsgate Ltd.","FDA advisory hearing","Ischemic Stroke System","stroke","enrollment"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"CWpY3TUDbfzXvgBsAiNuXStb3QHRaO6BP14AyFDgC904wmhiladIZH","news_summary":"Low U.S. enrollment helped drive negative FDA panel outcome for Brainsgate","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"3db76115-94ad-487b-bba0-43c297cbc807","date":"Dec 6, 2020","link":"https://en.globes.co.il/en/article-elron-medical-device-portfolio-co-brainsgate-raises-14m-1001351985","source":"en.globes.co.il","visible":1,"analysis":{"tags":"medical device","company":"Brainsgate","layoffs":null,"summary":"Brainsgate, a medical device company, has raised $14 million in funding, including $6 million from new investors BNP and SPERO. The company is developing a device for treating strokes through electrical stimulation of nerve centers. While a trial in 2018 did not fully achieve its end-point aims, Brainsgate considered the results successful and filed for FDA and EU CE mark marketing approval. The product has been approved for marketing in Europe, and Brainsgate expects to submit the requested information to the FDA in the first half of 2021. The funds raised will be used for expanding production and filing for indemnity from US government health insurers. Brainsgate plans to market the product in Europe after receiving FDA approval.","partners":null,"customers":null,"investors":["BNP","SPERO","Elron","Medtronic","Agate","Pitango","Cipio"],"confidence":9,"key_topics":["Stroke treatment device","Funding","FDA approval","Production expansion","Marketing"],"date_of_event":"December 6, 2020","valuation_amount":"NIS 467 million","impact_on_company":"growth-positive","investment_amount":"$14 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"vIigMOEVzQ5Mlqr6TdWijYmbaCJH0kxeSMGb2icliKHTMKJXeayASe","news_summary":"Elron medical device portfolio co Brainsgate raises $14m","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"b8ea2fba-6bab-4cb3-9b26-7268e0e05d16","date":"Oct 21, 2018","link":"https://en.globes.co.il/en/article-brainsgate-narrowly-misses-trial-endpoint-1001257207","source":"en.globes.co.il","visible":1,"analysis":{"tags":"stroke treatment","company":"BrainsGate","layoffs":null,"summary":"Israeli stroke treatment developer BrainsGate plans to submit its stroke treatment product for approval, despite missing the targets in its trial. The trial did not find that using the device was beneficial in comparison with the control group, but an effect was found in cortex stroke patients. BrainsGate now plans to consult with the US Food and Drug Administration (FDA) in the hope of submitting its product for approval. The FDA must decide whether the results published by BrainsGate are convincing, even though they did not meet the official target.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["stroke treatment","trial results","FDA approval","medical device","statistical significance"],"date_of_event":"October 21, 2018","valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"jsaaMybfwIWAlus5P4SiRzYRa4O2TekL86MbZXJq0Hlw4sobi83LR0","news_summary":"BrainsGate narrowly misses trial endpoint","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"9927d5b2-77bb-447e-aef8-4f78019b066d","date":"Jan 25, 2015","link":"http://www.globes.co.il/en/article-brainsgate-raising-26m-1001003650","source":"www.globes.co.il","visible":1,"analysis":{"tags":"medical device","company":"BrainsGate","layoffs":null,"summary":"Medical device company BrainsGate is raising $26 million at a company value of $70 million. Elron Electronic Industries Ltd. will invest $8 million in two stages of the investment round. A global health sector company is leading the round, but the name is not disclosed. BrainsGate has raised $70 million to date, including Elrons $21 million investment. The company is developing a stroke treatment using electrical stimulation to reinforce blood flow to the brain. As of the end of Q3 2014, BrainsGate had $4.4 million in cash.","partners":null,"customers":null,"investors":"Elron Electronic Industries Ltd., Boston Scientific, Johnson & Johnson, Israel Makov","confidence":9,"key_topics":["stroke treatment","electrical stimulation","investment","clinical trial","financial reports"],"date_of_event":"January 25, 2015","valuation_amount":"$70 million","impact_on_company":"growth-positive","investment_amount":"$26 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"YmEGsfmcnsRogowZwieV64wEK66f89UH8rnBMIXZnDCL8vkWAwcd7m","news_summary":"CNS treatment co BrainsGate raising $26m","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"665d9b56-1e54-48de-a7ed-041c1f9c4fa8","date":"Aug 16, 2011","link":"https://en.globes.co.il/en/article-1000674207","source":"en.globes.co.il","visible":1,"analysis":{"tags":"investment","company":"BrainsGate Ltd.","layoffs":null,"summary":"BrainsGate Ltd., a stroke treatment company, has raised $20 million in a funding round led by main investor Elron. 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