Cumulus Neuroscience raises $8.3M to develop EEG-based wireless ‘Fitbit for the brain’

Belfast-based Cumulus raises €6.9m for its ‘Fitbit for the brain’ (The Irish Times): … Formerly known as BrainWaveBank, the company has developed a wireless electroencephalogram (EEG) headset and proprietary software platform that use advanced analytics and machine learning to measure cognitive fitness. “This funding will allow us to build on the ground-breaking advances we have made in remote, frequent monitoring of brain activity and cognitive function in the home, in partnership with leading developers of digital biomarkers,” said Mr Cunningham, the company’s chief executive. “We believe our integrated next generation platform can improve the execution of clinical trials by yielding significant time and cost savings, adding meaningful value to the next generation of (CNS) therapies,” he added. The investment was led by the Dementia Discovery Fund, a £250 million specialist venture capital fund investing in, and creating, biotech companies pursuing transformational therapeutic approaches for dementias including Alzheimer’s disease. LifeArc, a self-funded medical research charity also participated as did the UK Future Fund. The Announcement: Cumulus Neuroscience Announces £6 million Funding Round Led by the Dementia Discovery Fund and joined by LifeArc and UK Future Fund (press release): Cumulus Neuroscience … announces a £6m financing round led by the Dementia Discovery Fund (DDF) joined by LifeArc, a medical research charity, and the UK Future Fund...
Source: SharpBrains - Category: Neuroscience Authors: Tags: Brain/ Mental Health Technology & Innovation Alzheimer’s Disease BrainWaveBank clinical-trials CNS CNS therapies cognitive-fitness Cumulus Neuroscience dementia Dementia Discovery Fund digital biomarkers EEG electroencephalogra Source Type: blogs