Mystery Man Gives Mind-Reading Tech More Early Cash Than Facebook, Google Combined

Fast Company | May 3, 2011

By Kit Eaton

The company specializes in non-invasive, wireless brain-recording tech. And its first round of funding is bigger than Google’s and Facebook’s first-round investments combined. Here’s why.

Imagine the money that could be made by a drug company that accurately predicted and treated the onset of Alzheimer’s before any symptoms surfaced. That may give us an idea why NeuroVigil, a company specializing in non-invasive, wireless brain-recording tech, just got a cash injection that puts it at a valuation “twice the combined seed valuations of Google’s and Facebook’s first rounds,” according to a company announcement.

Facebook‘s Series A funding in May 2005 was at $12.7 million, valuing the firm at $98 million. Some figure put the series Series A funding of Google, on a $25 million co-investment from Sequoia and Kleiner Perkins, at $75 million in late 1999. Add those valuations. Double ’em, and it would seem NeuroVigil got tens of millions in early cash, enough for a valuation of roughly $250 million.

Read the entire article here

Be the first to comment on "Mystery Man Gives Mind-Reading Tech More Early Cash Than Facebook, Google Combined"

Leave a Reply