Saluda Medical develops closed-loop spinal cord stimulation that measures and adjusts therapy on each pulse. Evoke got FDA approval; CAP24 paddle lead approved June 2026.
Evoke is the first closed-loop SCS that reads the spinal cord's electrical response and adjusts each pulse.
Raised $140M+ total; Series D was $100M (Jan 2025). Listed on ASX as SLD in 2024.
FDA approvals: EVA sensing (Dec 2024), CAP24 paddle lead (June 2026) expands access to neurosurgeons.