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iota Biosciences

Ultrasound-powered, implantable diagnostic and therapeutic devices

Overview

iota Biosciences develops ultra-small, implantable bioelectronic devices that monitor and modulate bodily signals from inside the body. Their neural dust concept uses ultrasound to power these tiny implants and to carry data, enabling millimeter-scale devices implanted with minimal invasiveness. This approach eliminates bulky batteries and wired connections, allowing deep-tissue sensing and precise neuromodulation for real-time, closed-loop therapies. Astellas acquired Iota in 2020 to accelerate clinical development across areas like bladder disorders, autoimmune diseases, cancer, and neurological conditions.

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About iota Biosciences

Simplify's Rating
Why iota Biosciences is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

BiotechnologyHealthcare

Company Size

51-200

Company Stage

Acquired

Total Funding

$15M

Headquarters

Berkeley, California

Founded

2017

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Simplify's Take

What believers are saying

  • Akyva launched recruiting in September 2025 for underactive bladder patients.
  • ClinicalTrials.gov updated Akyva on February 9, 2026, showing active development.
  • Maharbiz said in April 2026 that iota's technology is novel, working, and incredible.

What critics are saying

  • Akyva is only recruiting 15 patients in Australia, exposing slow clinical validation.
  • Michel Maharbiz left iota in April 2026, signaling leadership transition risk.
  • If Akyva misses 2027 FDA milestones, Astellas could deprioritize or absorb iota.

What makes iota Biosciences unique

  • Ultrasound-powered neural dust remains iota's core moat, enabling millimeter-scale implants.
  • Astellas acquired iota in 2020, giving it pharma capital and regulatory infrastructure.
  • Michael Woods, an MD device leader, now runs urological therapies and commercialization.

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Funding

Total Funding

$15M

Meets

Industry Average

Funded Over

2 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Onsite Gym
  • Paid Vacation
  • Paid Parental Leave
  • Flexible Work Hours
  • 401(k) Retirement Plan
  • Annual Bonus Plan
  • Long Term Incentive Plan (LTIP)
  • Stock Options
  • Family Planning Benefits

Growth & Insights

Headcount

6 month growth

-15%

1 year growth

-15%

2 year growth

-12%

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