Arctop, a software platform for brain decoding, announced its US$10 million in Series A funding co-led by Fifth Growth Fund (FGF) and Supermoon Capital. This funding will accelerate the commercialisation of Arctop’s pioneering technology that translates brain activity into real-time information for third party applications.
Founded in 2016 by neuroscientist Dan Furman and software engineer Eitan Kay, Arctop decodes brain signals measured from wearables like headbands, earbuds and virtual and augmented reality headsets equipped with basic electric skin sensors. Arctop’s software is licensed to enterprise developers who are creating unprecedented user-centric applications, such as personalised skill training, assistive communication and emotion-adaptive experiences.
Arctop’s software platform is the intelligence layer between wearable electronics and third-party applications and is designed with end-users’ privacy in mind. The company’s business model explicitly does not and will never include sharing raw brain data with clients or partners. Arctop provides end users with a simple dashboard that allows them to control their own data, including granting and withdrawing permissions for third party apps, authorising or deactivating certain features, and easy data and account deletion.
Arctop’s CEO, Dan Furman, said: “As a neuroscientist, I have seen firsthand the life-changing impact that cutting edge technology can have on people who face difficult challenges.” Furman added: “And that is basically all of us at some point of our lives. Our neural decoding platform can enhance communication, learning and experiences in a way that is accessible for all.”
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