What NeuroWave does

NeuroWave Systems Inc. is a privately held medical device company headquartered in Beachwood, Ohio, that develops brain monitoring and drug delivery devices powered by proprietary signal processing and control engineering technologies. Its sole commercial product, the NeuroSENSE Monitor, is a bilateral brain function monitor that produces simultaneous independent indices of anesthetic effect for each cerebral hemisphere and is intended to help clinicians detect brain function asymmetry and optimize dosing during anesthesia and sedation procedures. The company targets hospitals, operating rooms, and critical care environments where anesthesia and sedation are administered, selling hardware through direct enterprise field sales supported by demonstrations at major medical conferences and clinician education programs.

The business is run as a focused single-product operation with 11-50 employees, an enterprise GTM motion centered on anesthesia specialty events (Society for Technology in Anesthesia, ASA ANESTHESIOLOGY, ESAIC, EuroSIVA, IARS, MHSRS), and no disclosed external funding, partnerships, or named customer accounts. There are no disclosed AI/ML capabilities, no FDA or CE certification filings in the source data, and no senior leadership beyond Chairman and CEO Robert Schmidt. Revenue is generated through hardware sales of the NeuroSENSE device; pricing is not publicly disclosed, and financial scale is not reported.

Name

NeuroWave

Legal name

NeuroWave Systems Inc.

Website

https://NeuroWaveSystems.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

NeuroWave Systems Inc. is a privately held Ohio-based medical device company that sells the NeuroSENSE Monitor, a bilateral EEG brain function monitor used by hospitals and anesthesiologists to guide patient-customized anesthesia and sedation delivery.

Ownership category

akta.pro rank

Product category

Brain Monitoring Medical Devices

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)

SIC

Electromedical & Electrotherapeutic Apparatus (3845)

akta.pro primary industry

Neurological Monitoring (EEG, Seizure/Sleep/Neuro Wearables) (HLAHACAE)

Keywords

• Brain monitoring devices
• Anesthesia monitoring systems
• EEG medical devices
• Patient sedation monitoring
• Neurological monitoring equipment

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations

Revenue model

1. Medical Device Sales: NeuroWave generates revenue through the sale of medical monitoring devices, specifically the NeuroSENSE Monitor system, which is a brain monitoring medical device for anesthesia and sedation delivery.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

NeuroWave develops and sells the NeuroSENSE Monitor, a bilateral brain function monitor that provides simultaneous independent indices of anesthetic effect for each side of the brain. The device is intended to help anesthesiologists and critical care clinicians detect brain function asymmetry and make optimal dosing decisions during patient-customized anesthesia and sedation delivery. The company also pursues broader brain monitoring and drug delivery medical device development backed by proprietary signal processing and control engineering technology.

Product overview

NeuroWave Systems Inc. offers a single unified product portfolio centered on the NeuroSENSE Monitor, a brain monitoring medical device. The company develops innovative brain monitoring and drug delivery medical devices powered by state-of-the-art signal processing and control engineering technologies. The NeuroSENSE Monitor serves as the core offering, providing bilateral brain function monitoring for patient-customized anesthesia and sedation delivery, with the company's vision focused on pioneering automation in anesthesia for improved and safer patient care.

Differentiator

Problem solved

Functional benefit

Brands

• NeuroSENSE® Monitor: Bilateral brain function monitor for patient-customized anesthesia and sedation delivery with simultaneous independent indices of anesthetic effect for each side of the brain.

Products and services

• NeuroSENSE Monitor A bilateral brain function monitor providing simultaneous independent indices of anesthetic effect for each side of the brain, responding instantaneously to changes in patient state. It is designed for anesthesiologists, sedation providers, and critical care clinicians in hospitals and operating room settings to detect brain function asymmetry and support safer, patient-customized anesthesia and sedation delivery.

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Emerging players

• BrainScope: BrainScope builds EEG-based point-of-care brain-assessment devices (for concussion/trauma), representing an emerging adjacent neuro-monitoring player that addresses similar clinical pain points with handheld EEG technology.

Direct peers

• Nihon Kohden: Nihon Kohden manufactures EEG monitors and neuro-monitoring systems used in operating rooms and ICUs, making it a focused neurodiagnostic peer with comparable bilateral/EEG monitoring capabilities to NeuroSENSE.
• Compumedics: Compumedics produces EEG and sleep/neurological monitoring systems used in clinical and research settings, directly comparable to NeuroWave's EEG-based brain monitoring approach for anesthesia and sedation.
• Masimo: Masimo's SedLine brain-function monitor and rainbow SET platform directly compete with NeuroSENSE in OR and ICU anesthesia/sedation brain monitoring, serving the same anesthesiologist buyer with similar EEG-derived indices.
• Cadwell Industries: Cadwell designs and sells EEG, EMG, and intraoperative neuro-monitoring devices, overlapping with NeuroWave's neurodiagnostic technology footprint for anesthesia and critical-care customers.

Broad incumbents

• GE HealthCare: GE HealthCare's CARESCAPE patient monitoring platform integrates EEG-based brain monitoring modules for anesthesia and ICU settings, competing broadly with NeuroWave while bundling these capabilities into larger hospital capital purchases.
• Medtronic: Medtronic offers the BIS Brain Monitoring System (inherited from Covidien) for assessing anesthetic depth, directly overlapping NeuroSENSE's use case while leveraging Medtronic's broader patient-monitoring portfolio and global hospital sales network.
• Philips: Philips IntelliVue and related perioperative monitoring solutions include EEG/brain-function options for anesthesia and sedation, overlapping NeuroWave's clinical use cases while benefiting from Philips' enterprise hospital footprint.

Market position

Weaknesses4 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NeuroWave