Firefly Neuroscience acquires Evoke Neuroscience for $6 million, expanding database and commercial reach

From GlobeNewswire: 2025-05-05 07:45:00

Firefly Neuroscience, Inc. has acquired Evoke Neuroscience, Inc., a medical device company, in a $6 million deal. This acquisition expands Firefly’s proprietary database and commercial reach, with >180,000 EEG/ERP assessment records, 27 patents, and >60 commercial users. This move marks a significant step in Firefly’s goal to build a proprietary foundation model of the human brain. With this acquisition, Firefly aims to revolutionize brain health outcomes for patients with neurological and mental disorders. The transaction includes a $500,000 earn-out for Evoke’s investors if the acquired business reaches $3 million in annualized revenues within three years.



Read more at GlobeNewswire: Firefly Neuroscience Achieves Multi-Fold Database, IP