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PainQx provides an AI-powered medical device platform that objectively quantifies patient pain using EEG-derived biomarkers. The system captures scalp EEG, computes quantitative EEG features, and…

PainQx provides an AI-powered medical device platform that objectively quantifies patient pain using EEG-derived biomarkers. The system captures scalp EEG, computes quantitative EEG features, and…
What they do: AI-powered EEG platform (ALGOS System) that quantifies patient pain using qEEG and machine learning
Business model: Cloud-connected clinical assessment platform delivered via SaaS / pay-per-use
Primary customers: Clinical and research customers (clinicians, pain clinics, clinical trials)
Founded: 2015
Funding (reported): Approximately $3.8M total; seed and grant rounds including Italian Angels for Growth and The Military Health System
Objective pain measurement for clinical care and clinical research (including placebo responder screening and assessment of non-communicative patients).
2015
DeepTech
~$740,000
Reported by Dealroom as Apr 2021 Seed (~€ amount shown on source)
Crunchbase lists a grant round with The Military Health System as lead investor
“AJI Capital; Accelerate New York Seed Fund; Arizona Tech Investors; Italian Angels for Growth; Keiretsu Capital; MassChallenge; Mid Atlantic Bio Angels; NYU Innovation Venture Fund; New York Angels; Newchip Accelerator; The Military Health System; ic@3401”
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