Cognixion, a Santa Barbara, Calif.-based neural interface startup, raised $12 million in a seed funding round by Prime Movers Lab, with co-investors Northwell Health, Amazon Alexa Fund, and Volta Circle.
The company intends to use the funds to develop new adaptive interfaces for Assisted Reality technology.
Company: Cognixion Inc
Raised: $12.0M
Round: Seed Round
Funding Month: November 2021
Lead Investors: Prime Movers Lab
Additional Investors: Northwell Health, Amazon Alexa Fund, and Volta Circle
Company Website: https://www.cognixion.com/
Software Category: AI-powered neural interfaces
About the Company: Led by Andreas Forsland, Founder and CEO, Cognixion is a neural interface startup advancing AI-powered neural interfaces that enable speech and smart home controls for hundreds of millions of people worldwide with communication and physical disabilities. Its patented non-invasive, wireless brain-computer interface with an integrated augmented reality display, Cognixion ONE, detects the signals from the user’s brainwaves associated with the visual fixation on interactive objects and enables hands-free, voice-free control of AR/XR applications in the headset. Cognixion ONE is a closed-loop device that stimulates the visual cortex within the brain and reads its activity while sending control signals back to the AR application. It also integrates with leading research software.
Source: https://www.finsmes.com/2021/11/cognixion-raises-12m-in-seed-funding.html