Synchron, Inc.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Synchron, Inc. is a medical device technology company founded in 2016 by Thomas Oxley, with its headquarters located in New York, New York. The company focuses on developing endovascular brain-computer interface solutions for patients with motor impairments. It acquired SmartStent, an earlier venture by Oxley, and obtained an equity stake in Acquandas to support component manufacturing for its devices. Business/Product Breakdown Synchron, Inc. offers the Stentrode brain-computer interface system, an implantable device deployed through blood vessels in a minimally invasive endovascular procedure to capture and translate brain signals into digital commands without requiring open-brain surgery. The platform includes electrode arrays on a stent-like structure for neural signal detection, integration with external processors for real-time interpretation, and compatibility with devices such as Apple products via Bluetooth protocols for hands-free control of iPads, iPhones, and Vision Pro using Switch Control. Additional features encompass cognitive AI for decoding thought patterns, on-device neural processing enhancements, and support for applications in assistive technology, enabling users with conditions like paralysis to perform tasks such as navigation, app usage, and communication through thought alone.
Keywords
Keywords
Classified
Private
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