Seed Round · $4M · Sleep Medicine

Shaping the future of
mask-free sleep apnea care.

HYPNARA is a single in-office procedure — a palatal implant placed in under 20 minutes — that effectively treats snoring and mild-to-moderate OSA. One procedure. No mask. No device. No nightly routine.

117M US adults with OSA or primary snoring
80% go untreated
$11.6B global sleep apnea market by 2032

CPAP works in trials.
Patients abandon it in practice.

CPAP is still prescribed to 80% of OSA patients — yet up to 50% abandon it within three years, and up to 83% fail to meet the minimum 4-hour nightly threshold. The alternatives (surgery, hypoglossal nerve stimulation) are invasive, expensive, or require continuous nightly compliance.

Of the ~80.6M US adults with OSA (2024) and ~37M regular primary snorers, approximately 68 million fall into the mild-to-moderate and snoring-only camp — patients for whom CPAP is inappropriate and HGNS is overkill. That is the gap HYPNARA fills.

$2,500 ASP per procedure
~$300 COGS per implant
88% gross margin at scale
Treatment Invasiveness Compliance Cost
CPAP None Nightly device $$
Inspire® (HNS) High surgery Nightly remote $$$$
Oral Devices (MADs) None Nightly device $$
GLP-1s (Zepbound®) None Daily injection $$$$
HYPNARA Minimal One-time $$

HYPNARA Palatal Implant System

HYPNARA is placed by Otolaryngology–Head & Neck (ENT) surgeons, Oral and Maxillofacial surgeons (OMFS), and dental sleep medicine physicians in a single in-office procedure. The implant — manufactured from biocompatible UHMWPE or PLLA — stiffens the soft palate to reduce airway collapse during sleep.

  • Under 20-minute outpatient procedure
  • Biocompatible implant — UHMWPE or PLLA material
  • 510(k) Class II pathway — no clinical study required
  • FDA pre-submission meeting on calendar (May 2026)
  • Manufacturing partnership in place (Voltas CDMO)
  • 510(k) submission planned Q1 2027; clearance Q2–Q3 2027
HYPNARA
Palatal Implant System
Class II 510(k) ENT / Sleep Med
Regulatory Timeline
May 2026 FDA Pre-Submission Meeting
Q2–Q4 2026 Design Freeze → Pilot Build → DV Testing
Q1 2027 510(k) Submission + Pilot Launch
Q2–Q3 2027 510(k) Clearance Expected
Q3–Q4 2027 Cash-flow positive (2,000 cases)

Progress investors can verify today.

Regulatory Path Confirmed

510(k) Class II — no clinical study required. Q-Submissions complete. FDA pre-sub meeting scheduled May 2026 with King & Spalding regulatory counsel.

Manufacturing Contracted

$2M manufacturing agreement in place with Voltas CDMO. Design-for-manufacture in progress. Tooling and pilot builds scheduled Q3–Q4 2026.

IP Strategy in Motion

HYPNARA trademark in filing. Freedom-to-operate analysis underway. Clean cap table with no institutional encumbrances.

Clinical Network Building

Clinical advisory board recruitment underway. Target: 25 KOL ENT/sleep medicine physicians for pilot launch. Direct ENT channel validated at conferences.

Founder-Led Traction

Active conference presence (LSI, LSA 2026). SAFE note round closing April 1, 2026. Seed round targeted Q2 2026 at $16M pre-money / $20M post-money.

Series A Runway Visible

$4M takes company to 510(k) clearance + 2,000 commercial procedures. Cash-flow positive Q3–Q4 2027. Series A positioned at $50M+ post-money following commercial proof.

Built by a founder who understands both sides of the OR.

W. Matt Cronin, Founder & CEO, Somnus Technologies
W. Matt Cronin
Founder & CEO

Founder and operator with deep domain expertise spanning medical device regulatory pathways (FDA 510(k), Q-submissions), implant design, clinical trial strategy, OEM manufacturing partnerships, and investor relations. Built Somnus Technologies from concept through active seed fundraising across HYPNARA, MORPHEX™AI, and NOXERA™ product lines.

FDA Regulatory Device Design Commercial Strategy

Clinical advisory board, regulatory counsel (King & Spalding), and full team bios available in the investor data room. Request access below.

What you see here (public)
  • Company overview & problem framing
  • HYPNARA product summary
  • Regulatory pathway milestone map
  • Key traction indicators
  • Founder background
Request access (verified investors)
  • Full pitch deck (22 slides)
  • Financial model & 5-year projections
  • Regulatory dossier (Q-Sub, pre-sub strategy)
  • Voltas manufacturing agreement summary
  • IP, patent landscape & FTO analysis
  • Corporate & cap table documents
$4M Seed Round — Open Now

$16M pre-money.
Path to 510(k) clearance
and 2,000 commercial cases.

SAFE note funding closes April 1, 2026. Seed round targeted Q2 2026. 20% dilution. Structured for a clean cap table and Series A optionality at $50M+ post-money following regulatory clearance.

Your information is not shared. NDA available on request for full data room.

or reach out directly
mcronin@somnustech.ai
W. Matt Cronin · Founder & CEO, Somnus Technologies Inc.