Brain.space, developer of an advanced EEG helmet technology, has announced an $11 million Series A funding round led by Toyota Ventures, with participation from Mangrove Capital Partners and The Group Ventures. The company also secured an additional $3.5 million non-dilutive grant from the Israel Innovation Authority.
The funding will drive Brain.space's continued development of its Brain-Data-as-a-Service Ecosystem, which uses standardized brain data to create large mental models (LMMs) that can understand and predict human behavior. These mental models integrate human behavior with machine learning capabilities to quantify cognitive and emotional states with greater precision.
At the core of Brain.space's technology is the non-invasive Brain Sensei headset, which features 115 EEG sensors that capture a comprehensive combination of mental and physiological data. This high-resolution brain data collection supports the development of more precise products and services across various applications.
The company's proprietary Brain GPS technology maps signals to functional areas of the brain, while also recording, standardizing, and automatically labeling brain data for storage and easy access on what the company calls a "brain cloud."
"The Series A funds raised will enhance brain.space's development of the Brain-Data-as-a-Service Ecosystem, including expansion of our platform's extensive brain database, to design adaptive and intuitive mental models that address each patient's mental health condition," Yair Levy, cofounder and CEO of brain.space, told MobiHealthNews.
"It is critical to achieve an objective understanding of the patient's cognitive and emotional states and tailor the right remedy for their specific condition. We accomplish this by utilizing our rich and diverse source of standardized brain data to draw a mental map for each individual and empower the physician to provide the most effective, personalized treatment."
This funding builds on Brain.space's previous accomplishments. In 2022, the company emerged from stealth with $8.5 million and initiated a project to measure neurological activity of three astronauts aboard the International Space Station. The study aimed to assess the effects of spaceflight on the brain, with astronauts participating in experiments before, during, and after the mission.
Brain.space operates in a growing field of neurological research and technology. Other notable developments in this space include work from the National University of Singapore, where researchers recently developed an analytical tool called Brain-JEPA (Joint-Embedding Predictive Architecture). This model identifies brain regions and analyzes how they function individually and dynamically with other areas, breaking down complex patterns of brain activity into smaller, more manageable pieces for efficient analysis.
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