iota Biosciences

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.

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

Biotechnology

Healthcare

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

Fertility Treatment Support

Conference Attendance Budget

Professional Development Budget

Wellness Program

Mental Health Support

Phone/Internet Stipend

Home Office Stipend

Growth & Insights

Headcount

6 month growth

↓ -15%

1 year growth

↓ -15%

2 year growth

↓ -12%

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