Plural backs CoMind in a $60m funding round for brain monitoring technology; Startup aims for commonality in brain monitoring like blood pressure checks

CoMind has secured a $60m funding round led by Plural, with Taavet Hinrikus joining its board. The startup is currently recruiting participants in the US for a key clinical trial to aid FDA approval.

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Sources: Sifted
CoMind, a healthtech startup from London, has raised $60 million in funding with backing from Plural to advance its brain monitoring technology. The funding aims to drive the adoption of brain health assessments, akin to regular blood pressure checks, making monitoring accessible and routine.
CoMind's innovative device measures blood flow and pressure in the brain without the need for invasive procedures, employing low-powered infrared lasers for safety and efficacy. The startup is actively recruiting for its third clinical trial in the US to gain regulatory approval from the FDA. Plural's Taavet Hinrikus joins the board to contribute experience from his background in fintech and strategic investment.
Dacombe expressed the company's vision, stating, "We want brain monitoring 'to become as common as having your blood pressure taken.'" This reflects an aspiration to achieve widespread acceptance of brain health monitoring.
With this funding, CoMind aims to transform brain monitoring into a common practice, potentially improving early detection of neurological issues and enhancing public awareness about brain health. The technology represents a significant step towards integrating brain health checks into everyday medical care, striving for the same status as traditional health checks.
Sources: Sifted
London-based CoMind has secured $60 million in funding from Plural to enhance its innovative brain monitoring technology, which utilizes infrared lasers to measure blood flow and pressure without invasive procedures, aiming to normalize brain health checks similar to regular blood pressure assessments.
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The Headline

CoMind secures funding and begins clinical trials

Key Facts
  • Plural has backed brain monitoring startup CoMind in a $60m funding round.Sifted
  • Taavet Hinrikus, cofounder of fintech Wise and partner at Plural, has joined CoMind's board as part of this funding.Sifted
  • CoMind is currently recruiting participants in the US for its third clinical trial to help secure approval from the US Food and Drug Administration.Sifted
CoMind has developed a device capable of monitoring blood flow and pressure in the brain, using low-powered infrared lasers to avoid having to puncture the skull.
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Background Context

CoMind's mission for brain monitoring commonality

Key Facts
  • CoMind aims for brain monitoring to become as common as having your blood pressure taken.Sifted
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