I’ve been a market analyst, advisor, and creative strategist in managed care, health IT, digital health, and biotech for the last 16 years. I run NEUROTECH FUTURES, a substack for operators, investors, and commercial leaders building the future of brain health.
announced an investment of $200 million into Blackrock Neurotech to take a majority stake in the Brain Computer Interface company., “The $200m deal which closed on Friday after several months of due diligence, values Blackrock Neurotech at around $350 million, making Tether its largest shareholder.”
The business grew to consist of federal research grants, direct sales to academic hospital systems, and R&D partnerships with private companies like Battelle. They rebranded toReuters reports the infusion will “primarily fund the commercialization and roll-out of Blackrock Neurotech’s technology.” New Commercial Hires: Blackrock underwent a small reduction in size of about 15 people from last summer, seemingly due to organic churn, rather than in preparation for this financing. At the time of this announcement, Blackrock was actively hiring for their Research Sales team as well as Grants. I’d soon expect roles for experienced commercial leaders with med tech and implanted device sales backgrounds, as well as strategic partnership hires to forge new channels.
Notably, this was a few months before Neuralink’s $205m Series C in July 2021, and about 18 months before Synchron’s $75m Series C. Now, given the suddenly crowded field, being well-capitalized is both a people strategy and an assurance against market risk - global wars, economic hostilities, biosecurity threats, and more.in circulation in March. It says that the tokens are backed up by dollar-denominated reserves. Tether has made approximately $1.
Blackrock Neurotech Tether Neurotechnology Neurotech Braincomputerinterface BCI Neuralink Neuralink Elon Musk
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