InteraXon Raises $10 Million in Series B Led By OMERS Ventures

InteraXon has raised $10 million in Series B funding.

The round was led by Omers Ventures with participation from Felicis Ventures, Horizons Ventures and Flextronics Lab IX.

The Toronto-based brain health technology firm is the maker of Muse, a brain fitness tool that measures user’s brain waves using seven finely calibrated electroencephalography sensors.

“We have some of the best technology investors in the world as our partners,” said Ariel Garten, founder of InteraXon.

As part of the round, Kent Thexton, Managing Director of OMERS Ventures is joining the board.

“InteraXon is a leader in the exciting brain health field, and they continue to build on their pioneering efforts in the emerging brainwave sensing wearable device space,” said Thexton.

The Muse app, available on Apple and Android mobile devices, guides users through a focused-attention training exercise that generates real-time feedback.

“Nearly everyone understands the benefits of a calm and focused mind,” said Aydin Senkut, Founder of Felicis Ventures. “Muse helps users achieve this elegantly through real-time feedback of brain signals in a quick, easy to use app.”