InteraXon, the Toronto, Canada-based company behind the Muse headset for thought-controlled computing, today announced that it has raised a $6 million Series A round from a number of prominent investors, including Horizon Ventures, OMERS Ventures, A-Grade Investments (Ashton Kutcher's investment company), ff Venture Capital, Felicis Ventures, and Bridge Builders. The company, which was founded in 2007, made the announcement at Vancouver's GROW conference.
The Muse is a six-sensor headset that monitors your brainwaves, and the company positions it as "leading in brainwave-enabled devices, applications and experiences." The Muse is scheduled to launch next year and InteraXon plans to launch it together with its Brain Health System, a development platform for the headset and a brain fitness application with exercises that help users enhance their cognitive skills. As the company notes, it also plans to build numerous other Muse apps.
The company has been demoing its headset for a while now and also raised almost $300,000 on Indiegogo. The idea here is that you will be able to control your computers with your brain. It's technology we've seen in numerous lab prototypes over the last few years, but it hasn't quite made it into consumers' hands (and onto their heads) yet.
Our own Colleen Taylor got a chance to try the Muse earlier this year.
InteraXon is the maker of brainwave-controlled computing technology and applications. The Company is based in Toronto and the team is made up of a diverse set of individuals who posses backgrounds in; neuroscience, fashion, engineering, music, in addition to several PhD's on staff. InteraXon has created a hardware and software platform technology which converts brainwaves into digital signals that are fed into a computer. InteraXon then provides consumers with applications that use these brainwaves to perform...
A-Grade Investments is a venture capital fund founded by long-time friends Ashton Kutcher, Guy Oseary, and Ron Burkle to opportunistically invest in technology start-up companies.
Horizons Ventures is a Hong-Kong based investment company focused on early-stage companies in the field of telecommunications, media & technology. Notable investments include early-stage rounds in Facebook, Spotify, and Siri (pre-acquisition).
OMERS Ventures is the venture arm of OMERS. OMERS, the Ontario Municipal Employee Retirement System, is one of Canada's leading pension funds. OMERS Ventures is interested in investing in early or later stage companies in the Technology, Media, and Telecommunications sectors in North America.
ff Venture Capital (ffvc.com) is an institutional venture capital investor in seed-stage companies. Since 1999, our Partners have made over 160 investments in over 55 companies. Our exits include Cornerstone OnDemand (IPO, CSOD) and Quigo Technologies (sold to AOL for a reported $340m). ffVC has a dozen employees based in New York and New Jersey and extensive resources dedicated to portfolio acceleration, including strategy consulting, an experienced mentor network, recruiting assistance, a pool of preferred service providers,...
Felicis Ventures is a boutique venture fund focusing on the areas of mobile, e-commerce, consumer enterprise, education and health. It was founded late 2005 by Aydin Senkut, who was Google's first Product Manager and later ran Strategic Partner Development for Google in Asia. The partners have a passion for product, thinking out of the box to solve hard problems and dominate critical markets. Our goal is to back the iconic technology companies of today and tomorrow. To do so,...
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