Startups

Kandu

Van Nuys, California, United States

Kandu Inc., formed from the 2025 merger of Kandu Health and Neurolutions, combining stroke care and IpsiHand rehabilitation. Current CEO Leo Petrossian. April 2025 release announced first close of a $30M financing; amount actually received at first close is unspecified.

Team

Andy SchultzKandu Chief Commercial Officer

Javad SeyedzadehKandu COO

Kirsten CarrollKandu General Manager and CMO

Leo PetrossianKandu CEO / director

Nabeel AhmedKandu CFO

Seth WilkKandu Chief Innovation Officer

Investments

$—2025-04-08

Ally Bridge Group, AMED Ventures

team@apexlogos.ai18 hours ago
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team@apexlogos.ai18 hours ago
BCI research snapshot, reviewed 2026-10-06. Company identity: Kandu. This is the pre-import evidence dossier; historical statements about database absence or review are archival. Unverified claims remain research leads, not validated facts. Part 1/1 # Neurolutions / Kandu Research accessed: **2026-10-06**. Review draft; no database changes. Original source: user-pasted BCI.INTEL Company Tracker (47 entries). ## Identity and scope Verified **Neurolutions, Inc.**, founded **2007**, originating in Eric Leuthardt’s Washington University laboratory, St. Louis. It **merged with Kandu Health, Inc. to form Kandu, Inc.**; [official announcement dated 2025-04-08](https://www.neurolutions.com/news/kandu-health-and-neurolutions-merge/) datelined **Van Nuys, California**. Current commercial site [neurolutions.com](https://www.neurolutions.com/) is an endorsed brand of the combined company; successor [kandu.com](https://kandu.com/). Product **IpsiHand** is a non-invasive EEG-controlled stroke upper-limb rehabilitation system. [Official company history](https://www.neurolutions.com/company/). ## Audit of pasted claims | Pasted claim | Finding | |---|---| | St. Louis HQ | Historical origin, not sufficient current address. 2025 merger announcement is Van Nuys. | | Wade Luce CEO | **Unsupported current CEO**. Official merger and current successor leadership name **Leo Petrossian**. | | Funding — | Incomplete: successor disclosed first close of a $30m financing with merger. | | IpsiHand | Verified commercial, FDA-cleared device; avoid changing cleared to a blanket FDA-approved claim. | | Acquired | **More precisely merged**, forming Kandu Inc. Do not use a fabricated acquisition buyer or price. | [Official merger](https://www.neurolutions.com/news/kandu-health-and-neurolutions-merge/), [current successor team](https://kandu.com/). ## Investments and ownership | Date | Entity | Amount/currency/type | Investors / qualification | |---|---|---|---| | Initial period 2007–2017, precise dates undisclosed | Neurolutions | Undisclosed early support | **Ascension Health Ventures** per [company history](https://www.neurolutions.com/company/). | | Announced 2025-04-08 | **Kandu Inc., successor** | First close of **USD 30m financing** | Co-led **Ally Bridge Group** and **AMED Ventures**; unnamed existing investors participated. [Official release](https://www.neurolutions.com/news/kandu-health-and-neurolutions-merge/). This wording does not prove the full $30m was received at first close. | **Merger separate from funding:** Kandu Health + Neurolutions combined; no disclosed cash acquisition consideration. Do not attribute all successor financing to standalone Neurolutions. Secondary databases disagree on older totals/rounds; no complete primary round ledger established. The first-close financing is sufficient to reject a known-zero funding interpretation. ## Founders and public team | Person | Role and time basis | Profile / evidence | Direct profile-picture URL | |---|---|---|---| | Leo Petrossian | Current Kandu CEO / director | [Kandu official leadership](https://kandu.com/) | https://kandu.com/wp-content/uploads/2025/02/Team-LEO-PETROSSIAN.jpg | | Nabeel Ahmed | Current Kandu CFO | [Kandu official leadership](https://kandu.com/) | https://kandu.com/wp-content/uploads/2025/10/Nabeel-Ahmed.jpg | | Kirsten Carroll | Current Kandu General Manager and CMO; former Kandu Health founder/CEO | [Kandu official leadership](https://kandu.com/) | https://kandu.com/wp-content/uploads/2025/10/Kirsten-Carroll.jpg | | Andy Schultz | Current Kandu Chief Commercial Officer | [Kandu official leadership](https://kandu.com/) | https://kandu.com/wp-content/uploads/2025/10/Andy-Schultz.jpg | | Javad Seyedzadeh | Current Kandu COO | [Kandu official leadership](https://kandu.com/) | https://kandu.com/wp-content/uploads/2025/10/Javad-Seyedzadeh.jpg | | Seth Wilk | Current Kandu Chief Innovation Officer | [Kandu official leadership](https://kandu.com/) | https://kandu.com/wp-content/uploads/2025/02/Seth-Wilk-Headshot-300x300.jpg | | Eric Leuthardt | Neurolutions founder; historical scientific leadership | [Company origin](https://www.neurolutions.com/company/); [WashU profile](https://neurosurgery.wustl.edu/people/eric-c-leuthardt-md/) | https://neurosurgery.wustl.edu/app/uploads/2021/12/DSCF2623-Edit-280x386.jpg | | Daniel Moran | Neurolutions cofounder; historical | [Medical society account](https://slmms.org/wp-content/uploads/2021/06/SLMM_June_2021.pdf); [WashU faculty portrait](https://engineering.washu.edu/faculty/Daniel-Moran.html) | https://ik.imagekit.io/mckelvey/faculty/Moran_Dan.jpg?tr=w-322,h-280,fo-face,z-0.5,q-50,dpr-2 | ## Company profile image Neurolutions profile/logo URL: https://www.neurolutions.com/wp-content/uploads/2025/04/Neurolutions-Endorsed-Logo-RGB-Color-3-13-25.png Source: [official company HTML](https://www.neurolutions.com/company/). Successor logo URL: https://kandu.com/wp-content/uploads/2025/02/Kandu-Logo.svg, [Kandu HTML](https://kandu.com/). Current leadership pictures were extracted from Kandu team-card actual image sources. Founder portraits were recovered from named WashU academic profile image sources; both validated HTTP200 image/jpeg. ## Adex match and review decision No matching Org name found (read-only `%neurolution%` query). Proposed ID **Neurolutions** with merger relationship to **Kandu**. Review whether to create both historical company and active successor; preserve St. Louis as origin only. Do not import Wade Luce as current CEO. Current executive table belongs to Kandu, clearly distinguished from founding Neurolutions team. Media validation 2026-10-06: named WashU founder portraits returned HTTP200 image/jpeg. Seth full-size asset returned406; the actual page’s 300×300 image variant above returned200 image/jpeg and is preferred.