Neosensory Raises $10M in Series A Financing Round

Neosensory, a Palo Alto, CA-based neuroscience company which builds wearable devices to convert data into touch, raised $10M in Series A financing round.

The round was co-led by Excel Venture Management and DigiTx Partners, with participation from existing investors True Ventures, Tao Capital, and several angel investors. In conjunction with the funding, Excel’s Juan Enriquez and DigiTx’s David Kim will join Neosensory’s Board of Directors.

The company intends to use the funds to release their first product — a wristband called the Buzz — later this year.

Co-founded by neuroscientists David Eagleman and Scott Novich, Neosensory is a company that advances devices to send information to the brain non-invasively. Its wearable device takes in information (for example, sound, light, or data streams from the net) and translates it into patterns of vibrations on the skin.

FinSMEs

09/01/2019