Synchrony announced that the company has secured $40M in a Series B round of financing led by Silicon Valley venture capital firm Khosla Ventures. Synchron is the leader in minimally invasive implantable brain computer interface (BCI) technology, which utilizes the jugular vein to access the brain. Synchron has already commenced a clinical trial in Australia that has so far enrolled four patients with paralysis who have undergone implantation and are being assessed for their ability to control digital devices through thought to improve their functional independence. Funds will be used to launch a pivotal clinical study in the U.S. of Synchron’s StentrodeTM technology to enable the use of digital devices by patients with limb paralysis. Funds will also be used to seed a development pipeline of neurointerventional sensing and stimulating products addressing multiple neurological indications. Other investors include Forepont Capital Partners, ID8 Investments, Shanda Group, General Advance, Subversive Capital (Michael Auerbach), re.Mind Capital (Christian Angermayer), as well as individuals Arani Bose (Penumbra) and Thomas Reardon. Existing investors also participated in the round including NeuroTechnology Investors, METIS innovative, and the University of Melbourne. This funding brings the total amount raised since company formation to $59 million, including support from the U.S. and Australian governments. Synchron’s motor neuroprosthesis platform, which includes the Stentrode, aims to restore the ability of patients to control digital devices. The neuroprosthesis is designed to convert the thoughts associated with attempted movements into wireless Bluetooth commands, enabling communication with their carers and loved ones, and improving their daily functionality. The device is inserted using a minimally invasive neurointerventional procedure commonly used in the treatment of stroke.