CNBC February 12, 2025
Key Points
– Paradromics announced a strategic partnership with Saudi Arabia’s Neom, a developing region within the country that’s touted as “a hub for innovation.”
– The company is building a brain-computer interface that could help patients with severe paralysis regain their ability to communicate.
– Paradromics will also establish a Brain-Computer Interface Center of Excellence in Neom.
Texas-based neurotech startup Paradromics on Wednesday announced a strategic partnership with Saudi Arabia’s Neom and said it will establish a Brain-Computer Interface Center of Excellence in the region.
Neom is a developing area within northwest Saudi Arabia that’s touted as “a hub for innovation,” according to its website. The area’s strategic investment arm, the Neom Investment Fund, led the partnership. Paradromics declined...
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