MintNeuro raises $5 million to scale chip platform for neural devices
The London-based startup will use the investment to grow its engineering and commercial teams, bring its products to market, support customers as they adopt its chips, and strengthen its presence in the US alongside its UK and European base.
MintNeuro, a London-based semiconductor startup building specialised chips for neural devices like implants and wearables, has announced a USD 5 million investment round to drive its commercial scale-up. MintNeuro’s chips give device developers better performance than generic components, with less risk, lower cost and a faster route to market than custom chip design, the company said.
The round was led by Odyssey Ventures, with participation from 33East, JSK Investments and Alumni Ventures, and returning investment from Empirical Ventures, Jumpspace Ventures and early investors.
MintNeuro will use the investment to grow its engineering and commercial teams, bring its products to market, support customers as they adopt its chips, and strengthen its presence in the US alongside its UK and European base, the company said.
“Today, most device and therapy developers still have to choose between generic components that were never designed for the body and years of custom chip development. We are building the chips that end that trade-off,” Dorian Haci, Co-Founder and CEO of MintNeuro, said. “This funding moves us from technology validation to commercial scale-up, with more customer programmes, faster product launches and our chips in the hands of many more developers.”
Michelle Robson, Founding Partner at Odyssey Ventures, said MintNeuro had the technology, market pull and ambition to become a globally important semiconductor company.
“MintNeuro is solving critical needs for neural implants today, with technology that can extend into wearables and beyond,” Yiannis Eftychiou, Co-Founder and Partner at 33East, said.
“Neurotechnology is entering a phase where specialised hardware will determine how far, and how fast, the field can go,” Professor Tim Denison, Chair of MintNeuro, said. “MintNeuro's semiconductor technology is well-placed to remove the key obstacle to industry scale, which could dramatically accelerate the pace of innovation.”
