4 years ago

MindPortal Raises £3.5 Million for Brain-Computer Interface Technology

  • MindPortal, a San Francisco startup with a subsidiary in London, has raised a £3.5 million seed round of financing led by Learn Capital

  • Other investors include Kleiner Perkins, Dan Siroker, Matt Bellamy, James Park, Julie Zhou, Scrum Ventures, and additional angels

  • The funding will be used to hire additional neuroscientists, product engineers, and machine learning experts

  • MindPortal has developed a headset that uses light signals to measure brain waves in a way that is up to a hundred times more accurate than EEG devices

  • The headsets could be used to control virtual reality software, robots, or drones

  • The investment, which values MindPortal at £14.1 million, comes amid growing interest in “brain-computer interfaces”, technology that reads brainwaves to manipulate software.

      • ProblemTechnology

      "Current brain-computer interfaces are limited in accuracy and portability, hindering their potential for enhancing human capabilities."

      Solution

      "MindPortal has developed a wearable headset that uses light signals to measure brain waves with significantly higher accuracy than traditional EEG devices, enabling users to control virtual reality software, robots, or drones and potentially augmenting human cognitive abilities."

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