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Noctrix Health
Health Tech & Medtech · Pleasanton, United States · Founded 2018
Early-stage medical device company that focuses on developing a revolutionary therapy for a chronic illness MoreLess
Noctrix Health, Inc. provides a focused non-pharmacologic therapy for a specific subset of patients with chronic neurological conditions. The company operates within the medical device and therapeutic wearables market, targeting individuals with moderate-to-severe, medication-refractory Restless Legs Syndrome (RLS). Its business model centers on a prescription-based approach, making its device available to patients through healthcare providers.
The company's origins trace back to the Stanford Biodesign Innovation Program, where the significant unmet need for better RLS treatments was identified. Founded in 2016 and incorporated in 2018 by Shriram Raghunathan and Jonathan Charlesworth, the firm was built on a foundation of combined expertise. Raghunathan, President and CEO, has a background in engineering, neuromodulation, and medical device design, while Charlesworth contributes his experience as a neuroscientist. Their collaboration aims to establish wearable therapeutics as a standard treatment option for RLS patients.
Noctrix Health's primary offering is the NTX100 Tonic Motor Activation (TOMAC) System, marketed as Nidra™. This prescription device consists of a pair of bands worn on the lower legs during the night. The system works by delivering electrical impulses to the peroneal nerves, which generates a sustained, low-level muscle activation. This neurostimulation is designed to be compatible with sleep and effectively suppresses the uncomfortable sensations characteristic of RLS. The key benefit is providing relief and improving sleep quality for patients who have not found success with or cannot tolerate pharmaceutical treatments. A notable milestone was achieved in April 2023, when the U.S. Food and Drug Administration (FDA) granted De Novo marketing authorization for the NTX100 system, following a 'Breakthrough Device Designation' in 2020. This authorization was supported by a successful multi-center, randomized controlled trial involving 133 patients, which demonstrated the therapy's efficacy and safety.
Keywords: Restless Legs Syndrome, RLS treatment, neuromodulation, wearable therapeutics, medical device, neurostimulation, sleep disorder therapy, non-pharmacologic treatment, NTX100 TOMAC System, chronic neurological conditions, peripheral nerve stimulation, prescription wearable, sleep quality, drug-refractory RLS, FDA De Novo, medical technology, digital health, therapeutic wearables, clinical trials, sleep medicine
Company overview
Noctrix Health company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2018
- Headquarters
- Pleasanton, United States
- Employees
- 163
- Open positions
- 46
- Dealroom signal
- 94.4
Valuation & funding
Noctrix Health funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | May 2026 | $360M | $360M | ResMed | ↗ |
| DEBTDebt | Aug 2025 | $17M | — | Western Alliance Bank · INSOUTH Bank - Member FDIC | ↗ |
| LATE VCOther financing | Aug 2025 | $17M | $200M | Sandbox Industries · Blue Venture Fund | ↗ |
| DEBTDebt | Jan 2024 | $0 | — | Angelini Ventures | ↗ |
| SERIES COther financing | Jan 2024 | $40M | $160M | OrbiMed · Treo Ventures · Angelini Ventures · Sectoral Asset Management | ↗ |
| SERIES BOther financing | Jan 2021 | LivaNova · OrbiMed · Treo Ventures | — | ||
| EARLY VCOther financing | Mar 2020 | Undisclosed | — | ||
| SERIES AOther financing | Oct 2018 | Undisclosed | — |
Growth signals
Noctrix Health website traffic
Latest recorded traffic for Noctrix Health is 6.5K monthly website visits, up 75.7% over the last three months. Noctrix Health's team grew 40.5% over the past year.
Hiring
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Comparisons
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Talent graph
Noctrix Health's talent
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Global footprint
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In the news
Latest news about Noctrix Health
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Market sentiment
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