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Neuronostics
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Neuronostics

University of Exeter spinout building BioEP, a digital biomarker that reads routine EEG recordings to help diagnose epilepsy.

Last refreshed: 14 July 2026 · Appears in 1 active topic

Key Question

Can an EEG biomarker win FDA clearance and change epilepsy diagnosis?

Timeline for Neuronostics

#1029 Jun

Raised GBP3m for its BioEP epilepsy biomarker

UK Startups and Innovation: Exeter spinout raises GBP3m for epilepsy
View full timeline →
Common Questions
What is BioEP?
A digital biomarker developed by Neuronostics that reads routine EEG recordings to help diagnose epilepsy.Source: Neuronostics
Who founded Neuronostics?
Professor John Terry and Dr Wessel Woldman, spinning the company out of the University of Exeter in 2018.Source: University of Exeter
How much did Neuronostics raise for BioEP?
GBP3m in June 2026, blending investment with a GBP400,000 Innovate UK grant.Source: UKTN

Background

Neuronostics raised GBP3 million on 30 June 2026 for BioEP, its digital epilepsy biomarker, co-led by Empirical Ventures and The FSE Group with British Business Bank, blended with a GBP400,000 Innovate UK Investor Partnerships grant.

Spun out of the University of Exeter in 2018 by Professor John Terry and Dr Wessel Woldman, the company built BioEP to extract diagnostic features from routine EEG recordings that are invisible to standard clinical review, helping neurologists judge how likely a patient is to have epilepsy. An earlier seed round backed by the Ascension Life Fund and a syndicate including QantX and Science Angels funded the platform's initial development.

Blending equity and Innovate UK grant funding in the same round lets Neuronostics push toward UK and Middle East market access while pursuing FDA clearance in the US, at a time when EEG-reading AI tools are drawing fresh clinical and investor interest across neurology.

More questions
Where did Neuronostics come from?
It was spun out of the University of Exeter.Source: University of Exeter