Brain game development: Lumos Labs raises $3 million
<p>Apr 4, 2010 5:22 PM
 
Lumos Labs... developer of Lumosity.com  (their website)
 
web-based provider of scientific brain games...  3M in equity financing.
enhance brain fitness.  cognitive exercise.
 
Best-in-class combo of engaging games  + science rigor!  said Tim Cahng of Norwest Venture Partners.
 
Michael Scanlon is  Chief Science Officer of Lumos Labs.
collabs with leading sci from Stfd and UCSF.
 
Other companies are  Dakim Inc and Posit Science Corp
how to validate efficacy of products.
 
LUMOS LABS... BRAIN AGE is a NINENTDO product for DS platform... sold 12 M units in 2007.
 
brain-fitness industry research group  SharpBrains...  sees growth in consumer sector then health care sector;
 
Low end is LUMOS LABS  10 bucks per month;
 
Competitor is  POSIT SCIENCE...  retirement communities and adult ed programs;
founded in 2003;   founded by  Michael Merenich  Sci Learning Corp.
Sci Learning  raised 27M  went public in 1999;  shareholder in POSIT>
 
POSIT SCI is backed by DFJ...  trying to stay independent (as a company)
said Steve Jurvetson.
 
SharpBrains  founder and CEO  Alvara Fernandez;
 
 
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