SoundCure, a San Jose, CA-based that develops innovative web-based technologies to treat patients with Tinnitus, closed a $3m funding round. The round was led by Allied Minds, Inc., a $250M private equity-funded innovation company with offices in Boston and Los Angeles.
The company intends to use the funds to launch a new medical device capable of delivering acoustic-based Tinnitus (ringing in the ear) therapies first developed by Dr. Fan-Gang Zeng at the University of California at Irvine.
The SoundCure technology utilizes tones and sounds customized to an individual’s own tinnitus to help quiet the ringing. The proprietary SoundCure audio stimuli are designed to be presented at a softer level than the patient’s tinnitus to lower the patient’s overall sound burden and reduce or eliminate the perception of tinnitus.
FinSMEs
29/03/2011