InteraXon, a Toronto, Canada-based developer of brainwave controlled computing technology, raised $6m in Series A financing.
Backers included Horizon Ventures, OMERS Ventures, A-Grade Investments, ff Venture Capital, Felicis Ventures, and Bridge Builders.
Founded in 2007 by CEO Ariel Gartner, Dr. Steve Mann and James Fung, InterAxon provides The Muse, a six sensor headset that monitors brainwaves that allows users to have visibility in their brain in action, how it performs. It has a lot of potential applications such as play games and operate appliances.
To date, the company has raised more than $10.2m, which includes a $287k Indiegogo campaign.