A new startup is aiming to revolutionize how wearable technology can provide drug free medicine.

‍What’s happening:‍

• Cambridge, Massachusetts based neuroscience startup Elemind has raised $12M USD in a seed round
  
• The financing saw notable participation from Village Global, Embark Ventures, Wharton’s Alumni Angels Fund and others
  

The big idea:‍

• Elemind uses wearable technology that is powered by artificial intelligence to provide a drug free, personalized approach to stimulating the brain to achieve therapeutic outcomes
  
• By being able to use technology and artificial intelligence to guide brainwaves in real time, Elemind is aiming to change behaviours in a way that is significantly more natural than traditional pharmaceuticals
  

By the numbers:‍

• Elemind’s technology is supported by 5 clinical trials
  
• Initial results have shown that Elemind’s wearable technology has been effective at inducing sleep up to 74% faster
  
• Elemind holds 3 critical patents to their technology around signal processing algorithms and neurostimulation techniques
  

Going deeper:‍

• Village Global, who was the first ever investor in Element, is backed by Jeff Bezos, Reid Hoffman, Bill Gates and others
  
• Elemind’s technology is designed to precisely redirect brain waves in order to have therapeutic effects that would ordinarily require medications
  

The intrigue:‍

• The founders of both Skype and Nest both personally participated in the round

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