NEUROMetrix

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NEUROMetrix Raises $10 Million in Additional Venture Financing

WALTHAM, Mass.--(BUSINESS WIRE)--March 24, 2004--NEUROMetrix, Inc., a

developer and provider of medical devices for the detection and

monitoring of neurological conditions affecting the peripheral nerves

and spine, announced today that it closed on $10 million in funding. All

of the Company's existing institutional investors participated in the

round, including Whitney & Co., & Group, Commonwealth

Capital Ventures, BancBoston Ventures, the Massachusetts Institute of

Technology (MIT), and Delphi Ventures.

" We are pleased that our investors have continued their support and

belief in the point-of-service neurological market opportunity that we

have targeted, and our ability to successfully develop and market

products to take advantage of this opportunity. We will use the proceeds

from this round to accelerate our current marketing and sales

activities, to fund new product development and for other general

corporate purposes, " said President & CEO Shai N. Gozani, MD, Ph.D.

NEUROMetrix, Inc. is a developer and provider of medical devices for the

detection and monitoring of neurological conditions affecting the

peripheral nerves and spine. Based on advances in neuroscience and

microelectronics, NEUROMetrix has developed a new class of non-invasive

products for point-of-service testing of peripheral nerve and spinal

disorders. The Company's technology provides physicians with immediate

and cost-effective information to be used as an aid in the diagnosis of

common conditions such as carpal tunnel syndrome, low back pain, and

diabetes related nerve disease. The Company also has an active research

and development program that it believes will lead to additional

diagnostic and therapeutic products. The Company is located in Waltham,

MA and evolved from the Harvard-M.I.T. Division of Health Sciences and

Technology.

For more information about NEUROMetrix, Inc., call 1-888-786-7287 or

781-890-9989 or visit our website at www.neurometrix.com.