Brain Health Startup Ivory Raises $1 Million in Funding
Ivory, a brain health startup, has successfully raised $1 million in a funding round co-led by IIM-A Ventures and existing investor Capital-A, an early-stage venture capital firm. The round also saw participation from 1Crowd, Stanford Angels, and other angel investors.
The funds will be utilized to strengthen the technology behind Ivory’s clinical-grade assessments and scale up distribution. Ivory aims to capitalize on what it perceives as a significant gap in the market. According to the company, scientific research indicates that, similar to the loss of muscle mass over time, the human brain shrinks in volume by approximately 5% every decade.
Ivory’s innovative approach to brain health assessments has garnered significant attention from investors. The company’s technology is designed to provide accurate and reliable assessments, addressing a critical need in the healthcare sector.
The funding will enable Ivory to further develop its technology and expand its reach. With the support of its investors, Ivory is poised to make a meaningful impact in the brain health industry.
