Interaxon Inc. Raises $60 Million for Neurotechnology Advancement

Interaxon Inc., the company behind Muse brain-sensing headbands, has secured $60,000,000 in investment capital. The company is dedicated to unlocking brain potential and revolutionizing health by empowering individuals to achieve optimal well-being through cutting-edge neurotechnology. This funding round marks a significant milestone for the firm as it continues its work in the growing field of brain-centric health technology. Interaxon's flagship product, the Muse brain-sensing headband, is a state-of-the-art EEG system. It utilizes advanced algorithms to assist beginner and intermediate meditators in controlling their focus and provides non-invasive sleep interventions. Since launching the first widely available consumer tool for real-time meditation feedback in 2014, Interaxon has developed multiple device generations, including the current Muse 2 and Muse S (Gen 2) headbands. The technology is supported by over 200 published research studies and is trusted by institutions such as Harvard, NASA, and The Mayo Clinic. This capital infusion will enable Interaxon Inc. to accelerate its growth initiatives and further develop its neurotechnology platforms. The company plans to leverage the funds to enhance its product offerings, expand its reach within the health and wellness markets, and continue its pioneering research in brain-centric applications. With nearly 6 million hours of meditation completed using Muse devices, the company has accumulated the world's largest EEG data collection, positioning it at the forefront of neurotechnology. The investment underscores confidence in Interaxon's approach to personal health and well-being through brain-sensing technology. The company has already sold more portable EEG devices than any other system in history, demonstrating substantial market penetration. This new funding is expected to bolster Interaxon's capacity to innovate and meet increasing demand for its brain-sensing solutions. Looking ahead, Interaxon Inc. is poised to continue shaping the future of brain-centric health technology, aiming to enable more people to live happier, healthier, and more connected lives through its leading brainwave technologies and experiences.