Neuvotion – an early-stage medical device company developing neurostimulation products for the rehabilitation, brain-computer interface, and physical therapy markets – announced that it has received an additional $1.25 million in funding, bringing cumulative funding to over $2.75 million. Northwell Holdings, the venture investment arm of Northwell Health, Topspin Fund, and Long Island Angel Network also participated in the round.
This funding round will be used by Neuvotion to further expand its team, complete clinical studies, and obtain FDA clearance for its initial product. And Neuvotion is also proud to continue its work with Intelligent Product Solutions (IPS) and Contract Engineering and Manufacturing (CEM) to bring Neuvotion’s products to market.
KEY QUOTES:
“I am thrilled Neuvotion is moving into the next phase of its mission to develop novel technology to help patients that have experienced a stroke, spinal cord injury, or are living with physical impairment.”
– Neuvotion’s founder Chad Bouton, who is a professor at the Feinstein Institutes for Medical Research at Northwell Health
“Neuvotion’s non-invasive AI-based technology has the potential to revolutionize rehabilitation for patients who are suffering from movement impairment. We look forward to supporting the work of the Neuvotion team as they develop this novel technology and assess its efficacy in addressing this significant challenge.”
– Milind Parate, who oversees the Northwell Holdings Ventures Portfolio
“Professor Bouton’s ground-breaking work is inspiring and we are excited to see the full commercialization of the technology. We believe Neuvotion’s NeuStim™ technology will change the landscape of rehabilitation and what is possible,” added Michael Spigel, PT, MHA, President & CEO of Good Shepherd Rehabilitation Network. “This technology has the potential to open new doors to regained independence and recovery for those facing difficult neurological conditions and injuries.”
– Steve Winick, Managing Director of Topspin Fund and member of the Long Island Angel Network
