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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
client focusb2btechnologyDeep Techsub industryMedical Devicesbusiness modelManufacturingindustryHealthsectorNeurologysectorNeuromodulation and NeurostimulationsectorChronic DiseasesectorNon-Invasive medical devices and treatmentssectorWearablesectorHard TechsectorDT and LSsectorscience-based

Valuation & funding

Noctrix Health funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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
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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.

Latest monthly visits6.5K 3-month web change+75.7% 1-year team growth+40.5%
Monthly website visits76 observations · Jun 2018–Jul 2026
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Comparisons

Noctrix Health compared with similar companies

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Talent graph

Noctrix Health's talent

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Team profiled 8 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.

Investors

10 investors on Noctrix Health's cap table

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Series A 3 investors entered at this stage
OrbiMed
Treo Ventures
LivaNova
Series B+ 7 investors entered at this stage
Angelini Ventures
Sectoral Asset Management
ResMed
Western Alliance Bank
INSOUTH Bank - Member FDIC
Sandbox Industries
Blue Venture Fund

Global footprint

Where Noctrix Health has talent and traffic

Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

In the news

Latest news about Noctrix Health

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Market sentiment

What the market is saying about Noctrix Health

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

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