Ybrain has raised $3.5 million in Series A funding. Stonebridge Capital led the round. Based in South Korea, Ybrain is a healthcare wearables startup.
Healthcare wearables startup Ybrain announced today it closed on $3.5 million in Series A funding in a round led by Stonebridge Capital bringing company’s total raise to $4.2 million. The Korea-based startup, founded in Feb 2013 by a Caltech neuroscientist and Samsung engineers, offers healthcare wearables for Alzheimer’s disease patients.
Ybrain is a brain signal based wearable device start up building mobile health and wellness solution platform for the healthy and impaired. Ybrain has built wearable devices for Alzheimer’s and Mild Cognitive Impairment patients and currently carrying out clinical trials with Samsung Medical Center in Korea. Ybrain is currently building mobile big data platform with brain signals detected from Ybrain’’s own devices for more targeted and personalized treatments and services.
While many experts predict that new oral Alzheimer’s disease medication will not be available next 10 years, Ybrain’s wearable device can be beneficial to patients with early stages of Alzheimer’s and also existing patients who are currently taking medications with Ybrain’s device. “Most Alzheimer’s disease experts are forecasting that new Alzheimer’s oral medications may not come out until 2025.
Ybrain’s global first Alzheimer patient ready wearables will be a great solution” says Fortune Sohn from Stonebridge Capital who was a lead investor in this round.
With the help of this new funding round, Ybrain plans to grow its team and focus on building products.
“Ybrain builds healthcare wearables that treat Alzheimer’s disease. The devices are promising new solutions for Alzhiemer patients who rely on oral medication to slow the progression of the disease. We look forward to working closely with our partners to bring this solution to patients and their families.” said Kyongsik Yun, founder and CEO of Ybrain.