This week, Thync came out of stealth and announced funding of $13M led by Khosla Ventures. Thync is the first company to combine neuroscience with consumer wearables to allow people to quickly and easily transition from a hectic day to a calm time with family, or from a late afternoon lull to an energized evening out. Neuroscientists and engineers from Harvard, MIT, ASU and Stanford have been quietly working on this technology for years.
Check out the release below and some of the press coverage so far.
LOS GATOS, Calif. – October 8, 2014 – Creating a new category of wearable products based on advanced neuroscience, Thync announced today it has raised a total of $13 million since inception from top-tier investors, including lead investor Khosla Ventures. Thync is engineering the first lifestyle wearable that uses neurosignaling algorithms– waveforms that signal neural pathways –to shift and optimize people’s state of mind in areas related to energy, calm, and focus.
“We share Thync’s belief that unlocking the power of the mind will be a great advancement and a frontier that consumers should have access to,” said Samir Kaul, Partner, Khosla Ventures. “We back the talented team at Thync because we see a revolutionary convergence at the intersection of neuroscience and consumer technology.”
Sales of products and services related to inducing energy and relaxed states exceed $400 billion per year globally. Recent market research indicates that in the U.S., energy drinks are a $12.5 billion per year industry, while coffee, alcohol and artificial stimulant use is at an all-time high. The wearables market is projected to top more than $7 billion in 2015, with an estimated 300 million wearables to be shipped. Thync encompasses all of these categories with a chemical free product that will tap directly into the source – the user’s brain.
Thync’s technology platform comprises neurosignaling algorithms, hardware, software and biomaterials. The company is integrating the most advanced aspects of neuroscience and consumer electronics to create a new category of products that give individuals access to their own capabilities, without the need for chemicals or supplements.
“We created Thync to help people better access the power of their mind,” said Thync CEO and co-founder Isy Goldwasser. “We believe that when you conquer your mind, you can conquer your day.”
Thync was founded by engineering and neuroscience experts from Stanford, Harvard and MIT. They have advanced neurosignaling by leveraging decades of research and extensive testing to ensure a safe, effective, aesthetically designed lifestyle device that anyone can use.
“The Thync team is working hard on introducing neuroscience to 21st century engineering,” said Dr. Jamie Tyler, co-founder of Thync. “For the first time, we are able to target and optimize neural pathways and brain circuits for personal benefit. Thync technology converges on many of these same pathways to achieve positive effects.”
Those interested in hearing more about Thync or becoming part of the Thync community can visit www.thync.com.
Founded in 2011 by entrepreneur and investor Isy Goldwasser and Dr. Jamie Tyler, Associate Professor of Biological and Health Systems Engineering at Arizona State University, Thync is dedicated to giving people access to the power of their minds. Since inception, the company has raised $13 million in funding. Thync is headquartered in Silicon Valley, with an office in Boston. Thync board members include Goldwasser, Tyler, Blake Krikorian and Samir Kaul. More information is available at www.thync.com.