Brain Decoding Firm Arctop Secures $10m Funding

In Los Angeles, brain decoding software platform Arctop has announced a $10m Series A funding round, which it will use to accelerate the commercialization of its tech translating brain activity into real-time information for third party applications.

Founded in 2016 by neuroscientist Dan Furman and software engineer Eitan Kay, Arctop has developed technology which decodes brain signals such as emotions, reactions and intent, from wearables like headbands, earbuds, and virtual and augmented reality headsets equipped with basic electric skin sensors. Its tools are used in sectors including health, education, cybersecurity, gaming and entertainment, with medical applications the best developed to date.

Developers license the tech to create user-centric applications such as personalized skill training, assistive communication and emotion-adaptive experiences. End users are provided with a simple dashboard that allows them to control their own data, including granting and withdrawing permissions for third party apps, authorizing or deactivating certain features, and easy data and account deletion.

Three years ago, the firm launched an on-demand web platform called Neuos Eureka, using brain decoding technology to provide professionals in the entertainment and media sectors with insights about their audiences.

The Series A round was co-led by Fifth Growth Fund (FGF) and Supermoon Capital, and FGF Partner Royce Wilson comments: 'By investing in revolutionary companies like Arctop, we aim to ensure technology serves people. Arctop is positioned to create the world's premier non-invasive brain-computer interface and we couldn't be more excited'.

CEO Furman began his neuroscience training at age 16 as a research intern working to mathematically model brain tumor growth patterns and proactively halt metastases through targeted gamma radiation. After graduating from Harvard University, he led a team which developed a non-invasive brain-computer interface for Stephen Hawking to continue communicating as his ALS advanced. Furman comments: 'As a neuroscientist, I have seen firsthand the life-changing impact that cutting edge technology can have on people who face difficult challenges - and that is basically all of us at some point of our lives. Our neural decoding platform can enhance communication, learning, and experiences in a way that is accessible for all'.

Web site: www.arctop.com .