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Neuspera Medical, Inc.

San Jose, US · Delaware corporation · 35 employees on LinkedIn · 9 known investors

Neuspera Medical develops an integrated sacral neuromodulation (iSNM) system that implants a smart neurostimulator near the sacral nerve to treat urinary urge incontinence, a symptom of overactive bladder. Its device is powered by a discreet, wirelessly charged external battery worn daily, targeting patients—particularly women in the U.S.—affected by these conditions.

Also known as Neuspera · Neuspera Medical

Founders & leadership

AYAlexander Yeh
Alexander YehinFounder · Chief Technology Officer
MM
Milton M. MorrisExecutive
DV
Dave Van MeterChief Executive Officer
SP
Steve PaulChief Commercial Officer

Investors · 9

Also in the syndicate · 2

Action Potential Venture CapitalTreo Ventureslead

Funding

SEC filings, press & company announcements

$111.6M disclosed across 4 rounds · 2016–2024

$65.7MraisedJun 2021 · 17 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • MUDIT K. JAINDirector
  • ADAM FINEDirector
  • ALEXANDER YEHExecutive Officer
  • MILTON M. MORRISExecutive Officer, Director
  • ART TAYLORDirector
  • IMRAN EBADirector
  • LORI HUDirector
Offering amount
$79.6M
Amount sold
$65.7M
First sale
Jun 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$14MraisedJan 2018 · 10 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Adam FineDirector
  • Ching ZhuDirector
  • Milton M. MorrisExecutive Officer, Director
  • Art TaylorDirector
  • Imran EbaDirector
  • Alexander YehExecutive Officer
Offering amount
$26M
Amount sold
$14M
First sale
Jan 2018
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8.9MraisedJun 2016 · 4 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Milton M. MorrisExecutive Officer, Director
Offering amount
$8.9M
Amount sold
$8.9M
First sale
Apr 2016
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Neuspera Medical, Inc. is a San Jose, California neuromodulation company developing implantable medical devices for chronic conditions. Its lead product is the Neuspera integrated sacral neuromodulation (iSNM) system, indicated for urinary urge incontinence (UUI), a symptom of overactive bladder (OAB). The system consists of an ultra-miniaturized pulse generator attached to an electrode array that is implanted near the sacral nerve and sized to fit within the sacral foramen; therapy is delivered via a discreet external battery worn by the patient daily and charged wirelessly, eliminating an implanted battery and the tunneling and separate battery pocket required by traditional SNM devices.

The company describes its platform as a directionally adaptive wireless energy technology capable of powering implants deep within the body, positioning the sacral neuromodulation indication as the first application of a broader neurostimulation platform. The Neuspera System previously held FDA clearance for treating chronic pain of peripheral nerve origin and was studied as an investigational device for UUI in the SANS-UUI clinical program; the FDA approved the iSNM system for UUI in June 2025.

Business model

Neuspera develops and commercializes a proprietary implantable neurostimulation system, sold for use in physician-performed implant procedures and dependent on regulatory approval and payer reimbursement; CMS has confirmed a Medicare payment assignment for the iSNM system under a proposed 2027 rule.

Traction

The SANS-UUI pivotal trial completed its 100th implant in November 2023 and reached full patient enrollment and implantation in December 2023 across 26 centers in the U.S. and Europe, with the final patient completing the primary endpoint visit in July 2024. Six-month pivotal results reported in February 2025 showed efficacy comparable to traditional SNM devices, and 12-month results announced in March 2026 reported that 94% of test-phase responders achieved significant symptom relief with zero serious device-related adverse events. FDA approval of the iSNM system followed in June 2025, and the company reported a first revision case replacing a traditional SNM system with its iSNM system in February 2026.

Latest developments

In June 2025 the FDA approved Neuspera's iSNM system for urinary urge incontinence. In February 2026 the company announced a milestone case in which a traditional SNM system was removed and replaced with its iSNM system, alongside a new patient registry to track such procedures, and in March 2026 it reported 12-month pivotal trial outcomes. In July 2026 the company highlighted that CMS had confirmed the iSNM system would receive the same Medicare payment assignment as legacy implantable SNM devices under a proposed 2027 rule.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Neuspera positions its iSNM system as the least invasive sacral neuromodulation device and as an alternative to legacy implantable SNM systems marketed by Boston Scientific and Medtronic in what the company describes as a $1 billion legacy SNM market.

Technology

The platform pairs an ultra-miniaturized implanted pulse generator and electrode array with an external, wirelessly charging battery worn daily, using directionally adaptive energy transfer to power the implant. Because no battery is implanted, the device avoids implanted-battery complications, tunneling and a separate subcutaneous battery pocket, and is designed to sit within the protected space of the sacral foramen so patients typically do not feel a lump or bulge.

Go-to-market

Patients with urinary urge incontinence associated with overactive bladder, particularly those who have failed medication management, and the urologists and other physicians who implant sacral neuromodulation devices.

Geography

Headquartered in San Jose, California; its pivotal clinical trial was conducted at 26 centers across the United States and Europe.

History

Neuspera advanced its sacral neuromodulation system through the SANS-UUI clinical program under CEO Steffen Hovard, completing Phase II implants and pivotal enrollment in 2023, raising a $23 million Series D in July 2024 to fund the device through expected premarket approval, hiring its first chief operating officer, Bunty Banerjee, in September 2024, and obtaining FDA approval of the iSNM system in June 2025.

Risks & controversies

The company's commercial prospects depend on regulatory approvals and reimbursement decisions; before the June 2025 approval the system was an investigational device for urinary urge incontinence, and Medicare payment parity for the iSNM system was proposed rather than final as of July 2026.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Legacy sacral neuromodulation market sizeJul 2026$1B
Pivotal trial clinical sitesDec 202326 centers
Test-phase responders achieving significant symptom relief at 12 monthsMar 202694%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Neuspera Medical, Inc. for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 10

launches, deals, and filings
Jul 2026
CMS proposed 2027 rule assigns iSNM system the same Medicare payment as legacy implantable SNM devices

source ↗

Mar 2026
12-month pivotal trial results announced for iSNM system

Company reported that 94% of test-phase responders achieved significant symptom relief with zero serious device-related adverse events, and that 30 minutes of daily iSNM therapy provided UUI symptom relief.

source ↗

Feb 2026
First reported case of a traditional SNM system replaced with Neuspera's integrated SNM system

Company announced a milestone patient revision from a traditional SNM device to its iSNM therapy and a new patient registry to track SNM-to-iSNM procedures.

source ↗

Jun 2025
FDA approves Neuspera's integrated sacral neuromodulation (iSNM) system for urinary urge incontinence

The FDA approved Neuspera's iSNM system for the treatment of urinary urge incontinence, described by the company as the first integrated SNM system for the indication.

source ↗

Feb 2025
Six-month pivotal trial results announced for battery-free percutaneous SNM system

Pivotal study data reported efficacy comparable to traditional sacral neuromodulation devices without an implanted battery.

source ↗

Sep 2024
Bunty Banerjee joins as first Chief Operating Officer

source ↗

Jul 2024
Final patient completes primary endpoint visit in SANS-UUI pivotal trial

source ↗

Jul 2024
Series D financing of $23 million

Round led by Vertex Ventures HC and Treo Ventures with participation from Action Potential Venture Capital, Windham Venture Partners, Olympus Innovation Ventures and another strategic investor, intended to fund the company through expected FDA premarket approval.

$23M source ↗

Dec 2023
Patient enrollment and implants completed for SANS-UUI pivotal clinical trial

Patients were screened and implanted at 26 centers across the U.S. and Europe in the multi-center, single-arm pivotal study supporting the planned FDA submission.

source ↗

Nov 2023
100th implant completed in SANS-UUI Phase II clinical trial

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Neuspera Medical, Inc.Delaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Neuspera Medical, Inc. do?
Neuspera Medical develops a battery-free, ultra-miniaturized integrated sacral neuromodulation implant for urinary urge incontinence.
Who founded Neuspera Medical, Inc.?
Neuspera Medical, Inc. was founded by Alexander Yeh.
Who are Neuspera Medical, Inc.'s investors?
Neuspera Medical, Inc.'s investors include Cerity Partners Ventures, Foreground Capital, Portfolia, Treo Ventures, Llc, Windham Capital Partners, Action Potential Venture Capital Ltd., Vertex Ventures HC.
How much funding has Neuspera Medical, Inc. raised?
Neuspera Medical, Inc. has disclosed $111.6M raised across 4 rounds.
Where is Neuspera Medical, Inc. headquartered?
Neuspera Medical, Inc. is headquartered in San Jose, US.