Technology
MARPAI REPORTS FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS
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1 year agoon
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MARPAI EXHIBITS STRONG, ONGOING FINANCIAL IMPROVEMENT
TAMPA, Fla., March 26, 2025 /PRNewswire/ — Marpai, Inc. (“Marpai” or the “Company”) (OTCQX: MRAI), a technology platform company, which operates as a national Third-Party Administrator (TPA) through its subsidiaries and is transforming the $22 billion TPA market by offering affordable, intelligent, healthcare solutions to self-funded employer health plans, today announced the financial results for the fourth quarter and fiscal year 2024. The Company expects to hold a webcast to discuss the results on March 27, 2025.
Q4 2024 Financial Highlights:
Net revenues were $6.6 million in Q4 2024, a decrease of $0.4 million, or 6.0% lower than Q3 2024.Operating expenses were $5.3 million in Q4 2024, an increase of $0.3 million, or 5.1% higher than Q3 2024.Operating loss was $2.7 million in Q4 2024, an improvement of $0.4 million, or 12.2% lower than Q3 2024.Net loss was $1.2 million in Q4 2024, an improvement of $2.4 million, or 67.5% lower year over year.Basic and diluted earnings per share in Q4 2024 were ($0.08) an improvement of $0.22 per share compared to Q3 2024.
Full Year 2024 Highlights:
Net revenues for the fiscal year end December 31, 2024 were $28.2 million, down $9.0 million, or 24.2% lower year over year.Operating expenses for the fiscal year end December 31, 2024 were $31.2 million, an improvement of $9.7 million, or 23.7% lower year over year.Operating loss for the fiscal year end December 31, 2024 was $22.1 million, an improvement of $5.9 million, or 21.1% lower from the prior year.Net loss was $22.1 million, an improvement of $6.7 million, or 23.2% lower year over year.Basic and diluted earnings per share were ($1.92) an improvement of $2.22 per share year over year.
2024 Adjusted EBITDA:
Our Adjusted EBITDA is a supplemental performance measure of our operations for financial and operational decision-making and is used as a supplemental means of evaluating period-to-period comparisons on a consistent basis. Adjusted EBITDA is calculated as earnings before interest, taxes, depreciation, and amortization, excluding non-recurring transactions, and stock-based compensation.
Adjusted EBITDA for the year ended December 31, 2024 amounted to a loss of $9.1 million as compared to a loss of $20.2 million for the year ended December 31, 2023. The improved adjusted EBITDA loss was due to the actions taken throughout 2023 and 2024 to better utilize our resources and reduce our expenses.
A reconciliation of GAAP to non-GAAP measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP” Financial Measures.
“In a short span, Marpai’s team engineered an exceptional turnaround, dramatically reducing losses,” stated Damien Lamendola, CEO. “Now, we’re propelling the Company towards growth and profitability. We are continuing to streamline costs while deploying innovative services, including our recently announced Empara Member Engagement Portal. Looking ahead, we plan to introduce high-impact PBM-based products in the second half of 2025. We believe these actions will fuel revenue growth and position Marpai for profitability in 2025.”
Webcast and Conference Call Information
Marpai expects to host a conference call and webcast on Thursday, March 27, 2025, at 8:30 a.m. ET to present the Company’s operational and financial highlights for its fourth quarter and year ended December 31, 2024.
You may stream the call via the internet by following this link: https://app.webinar.net/p67nEeDyXjK The webcast replay will be available at the same URL within 2 hours of the end of the call. The replay of the call will be available within 2 hours of the end of the call until April 3, 2025 by calling 1-646-517-4150 or 1-888-660-6345 and entering the replay code, 17670 #.
About Marpai, Inc.
Marpai, Inc. (OTCQX: MRAI) is a technology platform company which operates subsidiaries that provide TPA and value-oriented health plan services to employers that directly pay for employee health benefits. Primarily competing in the $22 billion TPA sector serving self-funded employer health plans representing over $1 trillion in annual claims. Through its Marpai Saves initiative, the Company works to deliver the healthiest member population for the health plan budget. Operating nationwide, Marpai offers access to leading provider networks including Aetna and Cigna and all TPA services. For more information, visit www.marpaihealth.com , the content of which is not incorporated by reference into this press release. Investors are invited to visit https://ir.marpaihealth.com.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance,” “may,” “can,” “could”, “will”, “potential”, “should,” “goal” and variations of these words or similar expressions. For example, the Company is using forward-looking statements when it discusses current efforts to propel the Company towards growth and profitability, its plan to introduce high-impact PBM-based products in the second half of 2025, its belief that these actions will fuel revenue growth and position the Company for profitability by the close of 2025, its financial results and its commitment to operational and financial improvements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect Marpai’s current expectations and speak only as of the date of this release. Actual results may differ materially from Marpai’s current expectations depending upon a number of factors. These factors include, among others, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business. Except as required by law, Marpai does not undertake any responsibility to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.
More detailed information about Marpai and the risk factors that may affect the realization of forward-looking statements is set forth in Marpai’s filings with the Securities and Exchange Commission. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov.
Non-GAAP Financial Measures
We have provided in this release financial information that has not been prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies. We use these non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating our ongoing operational performance. We believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with peer companies, many of which present similar non-GAAP financial measures to investors.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures provided in the financial statement tables below.
Adjusted EBITDA is a supplemental performance measure of our operations for financial and operational decision-making and is used as a supplemental means of evaluating period-to-period comparisons on a consistent basis. Adjusted EBITDA is calculated as earnings before interest, taxes, depreciation, and amortization, excluding non-recurring transactions, and stock-based compensation. We believe these measures provide useful information to management and investors for analysis of our operating results.
MARPAI, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
(in thousands, except share and per share data)
December 31, 2024
December 31, 2023
ASSETS:
Current assets:
Cash and cash equivalents
$ 764
$ 1,147
Restricted cash
8,468
12,345
Accounts receivable, net of allowance for credit losses of $1 and $25
837
1,124
Unbilled receivable
569
768
Due from buyer for sale of business unit
500
800
Prepaid expenses and other current assets
759
901
Total current assets
11,897
17,085
Property and equipment, net
—
611
Capitalized software, net
441
2,127
Operating lease right-of-use assets
296
2,373
Goodwill
—
3,018
Intangible assets, net
—
5,177
Security deposits
229
1,267
Other long-term asset
15
22
Total assets
$ 12,878
$ 31,680
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable
$ 3,109
$ 4,649
Accrued expenses
2,585
2,816
Accrued fiduciary obligations
6,308
11,573
Deferred revenue
625
661
Current portion of operating lease liabilities
244
512
Current portion of convertible debentures, net
3,106
—
Other short-term liabilities
3,005
632
Total current liabilities
18,982
20,843
Other long-term liabilities
14,891
19,401
Convertible debentures, net of current portion
5,921
—
Operating lease liabilities, net of current portion
793
3,684
Deferred tax liabilities
—
1,190
Total liabilities
40,587
45,118
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT
Common stock, $0.0001 par value, 227,791,050 shares authorized; 14,237,176 issued
and outstanding at December 31, 2024 and 7,960,938 issued and outstanding at
December 31, 2023
1
1
Additional paid-in capital
71,124
63,307
Accumulated deficit
(98,834)
(76,746)
Total stockholders’ deficit
(27,709)
(13,438)
Total liabilities and stockholders’ deficit
$ 12,878
$ 31,680
MARPAI, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
Year ended
Three Months Ended
December 31, 2024
December 31,
2023
December 31,
2024
December 31, 2023
Revenue
$ 28,173
$ 37,155
$ 6,591
$ 8,707
Costs and expenses
Cost of revenue (exclusive of depreciation and amortization
shown separately below)
19,066
24,239
3,988
5,709
General and administrative
12,832
19,177
2,878
3,239
Sales and marketing
1,766
6,597
383
1,103
Information technology
4,697
5,834
1,089
1,059
Research and development
29
1,311
7
21
Depreciation and amortization
2,256
3,897
178
923
Impairment of goodwill and intangible assets
7,588
3,018
—
3,018
Facilities
1,305
2,472
108
554
Loss on disposal of assets
648
335
648
(15)
Loss (gain) on sale of business unit
73
(1,748)
—
(1,749)
Total costs and expenses
50,260
65,132
9,279
13,862
Operating loss
(22,087)
(27,977)
(2,688)
(5,155)
Other income (expenses)
Other income
396
488
36
258
Interest expense, net
(2,709)
(1,527)
(819)
(425)
Loss on debt extinguishment
(1,877)
—
(1,877)
—
Gain on forgiveness of other liability
3,000
—
3,000
—
Foreign exchange loss
(1)
(26)
2
6
Loss before provision for income taxes
(23,278)
(29,042)
(2,346)
(5,316)
Income tax expense
(1,190)
(290)
(1,190)
(290)
Net loss
$ (22,088)
$ (28,752)
$ (1,156)
$ (5,026)
Net loss per share, basic & fully diluted
$ (1.92)
$ (4.14)
$ (0.08)
$ (0.65)
Weighted average common shares outstanding, basic and
diluted
11,511,203
6,951,669
13,934,066
7,738,879
MARPAI, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands, except share and per share data)
Year ended
December 31, 2024
December 31, 2023
Cash flows from operating activities:
Net loss
$ (22,088)
$ (28,752)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
2,256
3,897
Loss on disposal of assets
648
335
Loss on sale of receivables
306
—
Share-based compensation
3,157
2,099
Warrant expense
—
242
Shares issued to vendors in exchange for services
—
79
Amortization of right-of-use asset
211
1,502
Impairment of goodwill and intangible assets
7,588
3,018
Loss/(gain) on sale of business unit
73
(1,749)
Gain on forgiveness of other liability
(3,000)
—
Loss on termination of lease
71
—
Non-cash interest expense
1,395
1,527
Amortization of debt discount and debt issuance costs
201
—
Loss on debt extinguishment
1,877
—
Deferred taxes
(1,190)
(290)
Changes in operating assets and liabilities:
Accounts receivable and unbilled receivable
486
(105)
Prepaid expense and other assets
142
732
Security deposit
138
27
Accounts payable
(1,540)
3,191
Accrued expenses
(231)
(2,497)
Accrued fiduciary obligations
(5,265)
2,548
Operating lease liabilities
(464)
(1,887)
Due To related party
—
(3)
Other liabilities
64
337
Other asset
7
—
Net cash used in operating activities
(15,158)
(15,749)
Cash flows from investing activities:
Proceeds from sale of business unit
227
1,000
Proceeds from disposal of property and equipment
—
27
Net cash provided by investing activities
227
1,027
Cash flows from financing activities:
Proceeds from issuance of common stock in a public offering, net
—
6,432
Payments to seller for acquisition
(631)
(1,663)
Proceeds from issuance of warrants
—
32
Proceeds from issuance of common stock in a private offering, net
4,660
295
Proceeds from issuance of convertible debentures
8,000
—
Proceeds from sale of future cash receipts on accounts receivable
1,509
—
Payments to buyer of receivables
(1,816)
—
Payments on convertible debentures
(420)
—
Payments of convertible debenture issuance costs
(631)
—
Net cash provided by financing activities
10,671
5,096
Net decrease in cash, cash equivalents and restricted cash
(4,260)
(9,626)
Cash, cash equivalents and restricted cash at beginning of period
13,492
23,118
Cash, cash equivalents and restricted cash at end of period
$ 9,232
$ 13,492
Reconciliation of cash, cash equivalents, and restricted cash reported in
the condensed consolidated balance sheet
Cash and cash equivalents
$ 764
$ 1,147
Restricted cash
8,468
12,345
Total cash, cash equivalents and restricted cash shown in the condensed
consolidated statement of cash flows
$ 9,232
$ 13,492
Supplemental disclosure of cash flow information
Cash paid for interest
$ 1,742
$ —
Supplemental disclosure of non-cash activity investing and financing activities
Measurement period adjustment to Goodwill
$ —
$ 198
MARPAI, INC. AND SUBSIDIARIES
Reconciliation of Net Loss to EBITDA, and Adjusted EBITDA
(in thousands, except share and per share data)
Year ended
December 31, 2024
December 31, 2023
Net Loss
$ (22,088)
$ (28,752)
Other income, net
(396)
(488)
Interest expense
2,709
1,527
Loss on debt extinguishment
1,877
—
Gain on forgiveness of other liability
(3,000)
—
Foreign exchange loss
1
26
Provision for taxes
(1,190)
(290)
Depreciation and amortization
2,256
3,897
EBITDA
$ (19,831)
$ (24,080)
Impairment of goodwill and intangible assets
7,588
3,018
Loss on disposal of asset
648
335
Loss (gain) on sale of business unit
73
(1,748)
Stock-based compensation
2,465
2,294
Adjusted EBITDA
$ (9,057)
$ (20,181)
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SOURCE Marpai
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Purina Films Docuseries A Different Breed Earns Three Daytime Emmy® Award Nominations
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July 21, 2026By
Emmy®-nominated series celebrates the extraordinary bond between people and pets through the world of canine competition
ST. LOUIS, July 21, 2026 /PRNewswire/ — When pet lovers see the human-pet bond in action, it creates connection and deepens the appreciation they have for the animals in their own lives. That connection recently led Purina to dive deeper into the world of canine competition through a docuseries that is now receiving critical acclaim. Today, Purina is celebrating three Daytime Emmy® Award nominations for A Different Breed, its original nine-episode documentary series produced through Purina Films in partnership with InkBlot Narratives and WPP Media, including recognition for Outstanding Lifestyle Program, Outstanding Editing and Outstanding Directing.
The Daytime Emmy® Awards recognize excellence in daytime television and streaming programming across lifestyle, documentary, instructional, travel, culinary and children’s content. A Different Breed is nominated alongside productions from some of the entertainment industry’s leading studios, networks and streaming platforms.
Streaming on Prime Video, A Different Breed follows 18 teams on the road to the Purina Pro Plan Incredible Dog Challenge National Finals, putting the spotlight on the competitors, their dogs and the extraordinary relationships that drive them. The series marks an intentional shift from traditional brand-led content toward storytelling that entertains, inspires and fosters meaningful connections – all in new channels and formats that resonate with the viewing habits of today’s consumer.
“The way people discover and engage with content continues to evolve, and we’re evolving with them,” said Andrea Faccio, President and Chief Growth Officer at Purina. “At Purina, we’ve always believed the bond between people and pets is full of inspiring stories. A Different Breed gave us the opportunity to share those stories in a way people actively choose to experience, and we’re incredibly proud to see them recognized alongside some of the industry’s most celebrated programs.”
Through Purina Films, Purina is evolving how it connects with pet lovers taking a more entertainment-led approach to storytelling, creating premium content that highlights the meaningful role pets play in people’s lives. By inviting viewers behind the scenes of the Purina Pro Plan Incredible Dog Challenge and into competitors’ lives and homes, A Different Breed tells the kinds of emotionally rich stories today’s audiences actively seek out.
The backdrop of the series is the Purina Pro Plan Incredible Dog Challenge, a premier canine performance sports competition that has showcased extraordinary canine athletes and their handlers for nearly 30 years. The competition features a variety of events, including high-flying disc routines, agility courses, weave pole racing and diving dog competitions.
The National Academy of Television Arts & Sciences will announce the winners of the Daytime Emmy Awards on October 30, 2026.
All nine episodes of A Different Breed are available to stream exclusively on Prime Video in the U.S. at no additional cost with a Prime membership. The second season of the Emmy®-nominated series is in production, continuing Purina’s commitment to bring audiences authentic stories that celebrate the incredible bond between people and pets.
About Nestlé Purina PetCare
Nestlé Purina PetCare creates richer lives for pets and the people who love them. Founded in 1894, Purina has helped dogs and cats live longer, healthier lives by offering scientifically based nutritional innovations.
Purina manufactures some of the world’s most trusted and popular pet care products, including Dog Chow, Purina ONE, Pro Plan, Friskies and Tidy Cats. Our more than 11,000 U.S. associates take pride in our trusted pet food, treat and litter brands that feed 46 million dogs and 68 million cats every year. Nearly 500 Purina scientists, veterinarians, and pet care experts ensure our commitment to unsurpassed quality and nutrition.
Over the past five years, Purina has contributed more than $150 million towards organizations that bring, and keep, people and pets together, as well as those that help our communities and environment thrive.
Purina is part of Nestlé, a global leader in Nutrition, Health and Wellness. For more information, visit purina.com or subscribe here to get the latest Purina news.
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SOURCE Purina
Technology
Toy Foundation Partners with Build-A-Bear & Chuck E. Cheese to Raise $100,000 for Children in Need
Published
29 minutes agoon
July 21, 2026By
The International Day of Play-themed cause marketing campaigns engaged consumers through promotions, exclusive product, & pin pad donations.
NEW YORK, July 21, 2026 /PRNewswire/ — The Toy Foundation™, the philanthropic arm of The Toy Association™, celebrated the United Nation’s International Day of Play (June 11) with two cause marketing campaigns with Build-A-Bear Foundation and Chuck E. Cheese. Together, the campaigns raised over $100,000, as families across the country and around the world supported The Toy Foundation’s mission to deliver the power of play to children in need.
The Toy Foundation’s partnership with Chuck E. Cheese included a three-part fundraising campaign throughout the month of June. At nearly 500 Chuck E. Cheese locations, families who donated $5 at checkout received 500 tickets to use toward prizes, turning a charitable gift into extra fun. Families also had the option to make a $1 or $3 donation directly at the pin pad, powered by FreedomPay’s Gateway to Giving™ — a charitable program that enables seamless giving at the point of sale, creating another opportunity to support a child in need. At select fun centers, families could also purchase a Chuck E. Cheese x Crazy Aaron’s Limited-Edition Thinking Putty, with one hundred percent of the purchase price benefitting The Toy Foundation.
“Partnering with The Toy Foundation this International Day of Play allowed us to make a real difference through the power of play,” said Scott Drake, CEO of CEC Entertainment. “Play is at the heart of everything we do, and we are deeply grateful to the families that joined us in supporting this great cause. Together, we are giving back in a meaningful way that inspires pride across our entire community.”
Build-A-Bear brought its signature warmth to workshops across the U.S. and the UK with a weeklong fundraising campaign held June 8 to 12. Shoppers made donations in amounts of their choosing at checkout, both in stores and online, with every dollar supporting The Toy Foundation’s work to deliver play to children in need.
“Build-A-Bear Foundation is proud to partner with The Toy Foundation in advancing the shared belief that play has the power to positively impact children’s lives,” said David Henderson, president of Build-A-Bear Foundation. “From toy donations and sponsorship support to this International Day of Play fundraising campaign, we are committed to helping create more moments of joy for children and families in need. We are so grateful to our guests and partners whose generosity continues to make that impact possible.”
These fundraising campaigns complimented The Toy Foundation’s International Day of Play toy collection initiative, which resulted in nearly 20 companies donating $5.7 million in toys. The toy donations are being distributed to more than 450,000 children in under-resourced communities, schools, and hospitals around the world.
“We are grateful to Build-A-Bear Foundation and Chuck E. Cheese for their support, collaboration, and partnership in hosting two successful cause marketing campaigns, and to the companies that generously donated toys in honor of International Day of Play,” said Pam Mastrota, executive director of The Toy Foundation. “Together, we are making a lasting impact, transforming children’s lives with the power of play.”
The Toy Foundation partners with companies and retailers to create tailored cause marketing campaigns that engage consumers and support children through play.
Campaign opportunities include:
Retail campaigns that donate a portion of proceeds from select productsPoint-of-sale donation campaignsCo-branded products featuring cause-related messagingCustomized campaigns tailored to a company’s goals
To learn more and get involved in advancing the toy industry’s collective impact, visit toyfoundation.org or contact The Toy Foundation team.
About The Toy Foundation™ www.toyfoundation.org
The Toy Foundation™ is a 501(c)(3) children’s charity and philanthropic arm of The Toy Association. The uniting force for the collective philanthropy of the toy industry, The Toy Foundation is dedicated to creating a world where every child experiences the comfort, joy, and extraordinary benefits of play. The Toy Foundation works toward this vision through two program areas, Toy Chest, a toy distribution initiative, and Play Fund, a grant distribution initiative. By working together, The Toy Foundation has delivered the power of play to 38 million children in need worldwide. To learn more about The Toy Foundation, visit toyfoundation.org.
About Build‑A‑Bear Workshop, Inc.
Founded in 1997, Build‑A‑Bear is a leading global retailtainment brand on a mission to add a little more heart to life. At Build-A-Bear, guests are invited to create personalized furry friends through a unique stuffing, dressing, accessorizing and naming process, accentuated by a memorable “heart ceremony” that creates moments of connection for people of all ages.
Over the years, Build‑A‑Bear has grown into a multi‑generational phenomenon, positioned at the intersection of pop‑culture trends. Beyond its signature retail experience, the brand also offers pre‑stuffed plush, gifting, partnerships with best‑in‑class licensed and collectible characters, and original storytelling through Build‑A‑Bear Entertainment, LLC. Build‑A‑Bear’s current brand platform and message, “The Stuff You Love,” crosses ages and cultures while celebrating nearly 30 years of helping people mark life’s meaningful moments.
Today, Build‑A‑Bear operates more than 650 company-owned, partner-operated and franchise experience locations across more than 30 countries, complemented by buildabear.com. Build‑A‑Bear Workshop, Inc. (NYSE: BBW) reported $529.8 million in total revenues for fiscal 2025, representing the company’s 5th consecutive year of record results. Learn more at the Investor Relations section of buildabear.com.
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Contact: Erin Wright
The Toy Foundation
646.520.4851
ewright@toyfoundation.org
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SOURCE The Toy Foundation
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Play a Video Game Against a Dish of Living Neurons: Intactis Bio Launches “Biostack”
Published
29 minutes agoon
July 21, 2026By
Served from a rack mountable Biohybrid Processing Unit (BPU) to lower AI energy usage.
SALT LAKE CITY, July 21, 2026 /PRNewswire/ — Intactis Bio launched the Biostack Alpha, a video game in which allows anyone to compete against living human neurons grown in the lab. A player sits on one side of the web-browser. On the other is Biohybrid Intelligence: a small population of neurons in a dish that receives the game board as patterns of electrical stimulation. These neurons then answer, move by move, where to drop the next piece.
Biocomputation is a field focused on curbing the AI energy crises by replacing inefficient silicon chips with low energy biological processors. Biostack is the most tactile and publicly accessible demonstration yet to emerge from the field of biocomputation. Play today at play.intactis.bio.
A biocomputer you can rack
Biostack runs on the Intactis BPU (Biohybrid Processing Unit), a biocomputer built into the same form factor as the GPUs widely distributed in data centers today. Living neurons at its core are wrapped in the cooling, life support, and signal hardware needed to keep the neurons healthy while they compute. The unit pairs the living substrate with silicon and rack mountable networking, which allows the systems to scale out using existing data center infrastructure.
The map that makes neurons playable
What makes the tissue controllable is a computational neuroscience model. Intactis ran a comprehensive screen to map how electrical stimulus drives neural outputs, cataloguing more than 150 statistically significant relationships and accounting for up to 96% of the tissue’s response. “Biocomputation is not a black box. We have the actual equation,” said Daniel Rodriguez-Granrose, PhD, Founder and CEO of Intactis Bio. This design space lets the company map neural responses onto specific game controls, so the biocomputer can directly learn the Biostack board state and ideal responses in a closed loop.
How a dish of neurons plays
Each turn, Biostack compresses the board (the current piece, the height of every column, and any gaps) into a compact code and delivers it to the tissue as a timed sequence of electrical pulses. The neurons respond, and the system reads their answer as a six-bit placement: four bits choose one of ten columns, two bits choose one of four rotations. Together this represents over 1000 unique electrical inputs to encode the board space and up to 40 possible destinations for every piece. Intactis has successfully transmitted this information to the neurons, and mapped their response back to the live game. In this demo, game performance held and even improved across overnight gaps between sessions. The living network is genuinely shaped by use.
Why a game matters
The stakes reach well beyond the screen. AI’s appetite for electricity is on track to outrun global electricity production. A supercomputer can draw on the order of 20 megawatts; a human brain runs on about 20 watts. The company projects energy-cost reductions around 95%, total-cost reductions around 90%, and data center footprint reductions around 88% versus exaflop-scale silicon.
From demo to business
Intactis sells the capability as Cloud Biocompute as a Service, targeting gaming, robotics, AI and LLM developers already spending $20,000 or more per month on GPUs. The company has secured more than $1 million in early capital and non-dilutive support and is raising a $5 million seed round to bring the BPU to data center partners. Intactis is built by a team with more than $900 million in prior exits.
About Intactis Bio
Intactis Bio builds biohybrid computers that run living human neurons alongside silicon to deliver compute with dramatically lower energy, cost, and footprint. Its rack-mountable Biohybrid Processing Unit (BPU) targets the widening gap between AI compute demand and available power. Learn more at intactis.bio.
View original content to download multimedia:https://www.prnewswire.com/news-releases/play-a-video-game-against-a-dish-of-living-neurons-intactis-bio-launches-biostack-302831095.html
SOURCE Intactis Bio Corp
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