- CEO
- Hadar Levy
- Full Time Employees
- 120
- Sector
- Healthcare
- Industry
- Medical - Devices
- Address
- Bynet Building Jerusalem Israel 9777518
- IPO Date
- Apr 21, 2011
- Business
- BrainsWay Ltd. (NASDAQ: BWAY; TASE: BWAY) develops and commercializes noninvasive neurostimulation treatments for mental health disorders, leveraging its proprietary Deep Transcranial Magnetic Stimulation (Deep TMS) platform technology that stimulates deeper and broader brain regions than standard TMS devices; core offerings include FDA-cleared Deep TMS systems with H1-coil for major depressive disorder and comorbid anxious depression (including late-life depression in patients aged 68-86 and now ages 15-86), H7-coil for obsessive-compulsive disorder, and H4-coil for short-term smoking cessation, marketed through system sales, leases, disposable coils, and session-based fees to psychiatrists, clinics, hospitals, and addiction centers. The Israel-based company, founded in 2003 and headquartered at 19 Ha'barzel Street in Jerusalem, operates globally in the United States, East Asia, Europe, and other international markets, with over 950 systems installed worldwide and a workforce exceeding 180 employees focused on R&D for additional indications such as post-traumatic stress disorder, bipolar disorder, schizophrenia, chronic pain, and Alzheimer's disease. Recent developments include a US$20 million private placement with Valor Equity Partners in September 2024 to bolster its balance sheet and strategic growth; a $5 million convertible loan investment in Neurolief Ltd. in 2025 to enter at-home neuromodulation for depression via wearable technology, with options for up to $11 million more and potential full acquisition; additional 2025 investments in Axis Integrated Mental Health ($3.3 million) and Stella Mental Health; and new FDA clearances expanding Deep TMS to adolescent MDD patients (ages 15+) and late-life depression, alongside Q3 2025 revenue growth of 29% to $13.5 million with positive operating income and adjusted EBITDA.