Australian startup raises $30m to map our brains

Omniscient Technology raised $30m to map our brains, making it easier for doctors to find and treat issues.


July 22, 2021

What if you could see your brain like it was a neighborhood in Google Maps?

Australia-based startup Omniscient Neurotechnology just raised $30m in Series B — bringing its value to $295m — to do just that, per Forbes.

So, brains are extremely complex

Omniscient co-founder and neurosurgeon Michael Sughrue describes the brain as gray matter — the tissue where brain cells live — and white matter, which consists of billions and billions of connections.

These connections cross back and forth and it all gets pretty complicated.

Omniscient’s tech uses AI machine learning and MRI scans to map the brain

This helps doctors see things like misfiring neurons to treat conditions with more accuracy. The Miami Neuroscience Institute will soon start using Omniscient’s tech for patients who may need brain surgery.

“It gives us the ability to look into someone’s brain, figure out what’s firing incorrectly and edit it,” Sughrue told Forbes.

In the future, there will be app stores for brain apps…

… and an operating system for brain data, predicts co-founder Stephen Scheeler. He says Omniscient aspires to be the “Google or app store of brain data.”

But for now, Omniscient will use the funds to expand its science, engineering, and sales teams; speed up R&D; and expand market access to its products.

Relevant quote: “If the human brain were so simple that we could understand it, we would be so simple that we couldn’t.” – Emerson M. Pugh, physicist

Join 1.5m+ professionals getting The Hustle daily news brief

Business and tech news in 5 minutes or less

100% free, no ads or spam, unsubscribe anytime

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.

If you don’t like it, unsubscribe any time. Privacy policy.