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Firefly Neuroscience

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Electro-physiology based functional brain mapping, imaging and monitoring technology

Buffalo, United StatesFounded 2006Biotech & Life Sciences
Valuation $66M Market cap · 2023
Revenue $1.1M Latest reported FY

About Firefly Neuroscience

Firefly Neuroscience is a health technology startup that uses advanced artificial intelligence and signal processing to assess brain function. The company's primary offering is its Brain Network Analytics (BNA™) technology, which provides an objective assessment of cognition. This technology records brain function and compares it to an FDA-cleared, age-matched database. This comparison allows clinicians and patients to make informed decisions about therapy and disease management, and track changes over time.

Firefly Neuroscience's services are primarily targeted at clinicians, hospitals, and researchers dealing with mental illnesses and cognitive disorders. The company's technology helps these professionals understand disease progression, increase patient compliance, and assess treatment efficacy. It also aids in quicker and more conclusive diagnostic work-ups.

The company operates in the health technology market, specifically in the field of neuroscience. Its business model revolves around leveraging advances in computing to deconstruct and analyze electroencephalograms (EEGs), a test that detects electrical activity in the brain. By making these clinically useful, Firefly Neuroscience provides a valuable tool for front-line clinicians to objectively measure, monitor, and manage brain function.

In terms of revenue generation, while the company's website does not provide explicit details, it is likely that Firefly Neuroscience makes money by selling its BNA technology and related services to clinicians, hospitals, and researchers.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2006
Headquarters
Buffalo, United States
Listing
IPO 2023
Employees
23
Open positions
1
Dealroom signal
68.2/100
Industry
Health
Sub-industry
BioTechnology, Medical Devices
Sector
Biotech & Life Sciences, Psychology
Technology
Artificial Intelligence, Big Data, Deep Tech, Machine Learning, Deep Learning, Nanotech, Computer Vision
Business model
Manufacturing, SaaS
Client focus
b2b
Investment activity
1 company, latest May 2025
Capital deployed
—
Preferred round
ACQUISITION

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITYOther financing Mar 2026 $2.3M — Undisclosed —
PRIVATE PLACEMENT VCOther financing Feb 2025 $8.8M — Undisclosed ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026 $1.1M 0%
2025 $1.1M +957.4%
2024 $108K -78.4%
2023 $500K -95.5%
2022 $11M —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Firefly Neuroscience website traffic

Latest recorded traffic for Firefly Neuroscience is 2.9K monthly website visits, down 52.5% over the last three months. Firefly Neuroscience's team grew 4.5% over the past year.

Latest monthly visits2.9K 3-month web change-52.5% 1-year team growth+4.5%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Investors

16 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Eureka
  • European Innovation Council

Series A1 investor entered at this stage

Series B and later6 investors entered at this stage

  • Palisade Capital Management
  • The Kraft Group
  • Healthcrest AG
  • Wexford Capital
  • WR Hambrecht
  • Shanda Group

Other known investors7 additional known investors

  • Information Analysis
  • Technion Israel Institute of Technology
  • Connectivity Ventures Fund
  • European Commission
  • MetaPlanet
  • Preminger Jonathan
  • Wise Ventures
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Buffalo HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Firefly Neuroscience on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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