AI-powered neurotech developer Elemind emerges from stealth with backing from Bezos, Gates
It's electric! A startup emerged from stealth this week with grand plans to pioneer a new form of neurotech dubbed "electric medicine."
Elemind's approach centers on artificial intelligence-powered algorithms that are trained to continuously analyze neurological activity collected by a noninvasive wearable device, then to deliver through the wearable bursts of neurostimulation that are uniquely tailored to those real-time brain wave readings.
The Cambridge, Massachusetts-based company claims that its approach—which is based on research from its founders, a group of high-profile scientists hailing from the likes of MIT, Stanford and Harvard—offers a more "natural" treatment option than pharmaceuticals for neurological conditions like insomnia, essential tremor and memory loss.
"Chemical drugs affect the entire body, often leading to unwanted side effects. Elemind offers a nonchemical, direct and on-demand solution that learns and dynamically adjusts to each person," Meredith Perry, a co-founder of Elemind and its CEO, said in the company's debut announcement. "We're the first and only company able to precisely guide and redirect brainwaves in real time."
The company has yet to unveil its physical hardware, but noted that its first application will be as a "general wellness device," allowing it to avoid undergoing FDA review before launching.
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Elemind