Elemind raises $12M for neurotech wearable that can help your brain and let you sleep better
Summary
The team and its research partners have published multiple studies proving the efficacy of the science and technology in peer-reviewed journals including Nature Communications.Meredith Perry, CEO of Elemind, said in an interview with VentureBeat that the neurotech wearable is something that you wrap around your head, but its not showing a picture of it yet. Weve also shown that we can increase pain thresholds and enhance the effects of sedation.The team behind Cambridge, Massachusetts-based Elemind comprises scientists and doctors associated with prestigious research institutions, including the Massachusetts Institute of Technology (MIT), Imperial College London, Harvard Medical School, and the University of California at Berkeley.The founders include Ed Boyden, a neurotechnology professor at MIT and pioneer in the field of optogenetics; David Wang, who has a doctorate in AI from MIT and is CTO of Elemind; Ryan Neely, a doctor of neuroscience from the University of California Berkeley; Nir Grossman, an assistant neuroscience professor at Imperial College London; and Heather Read, a professor of behavioral neuroscience & biomedical engineering at the University of Connecticut.Wang said in an interview with VentureBeat that the founders came together after teaching classes together and realizing there was a fundamental problem to tackle. If they could predict what a biological wave such as a brainwave was about to do, it would give them the ability to intercede with a lot more precision, and potentially alter it.They got advice Boyden at MIT and brought in Reed, who looked into how sound impacts the brain. The wearable aims to fine-tune stimulation based on the bodys response until the desired state is achieved.The exciting thing is that the treatment embedded in the device can be tuned by AI to fit each patient. The goal is to find a baseline stimulation protocol that works for the general population, and then have machine learning take over to make the treatment more precise.They have seen no negative sound effects, largely because sound is used to trigger the brain waves, Perry said.Top-tier tech investors and founders have shown significant interest in Elemind, with a notable list of participants in the Seed round, including Village Global, LDV Partners, MIT Investment Fund, and founders of Skype and Nest.Village Global, backed by Jeff Bezos, Reid Hoffman, Bill Gates, and Ann Wojcicki, was the first investor in Elemind.
Funding
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