SAN FRANCISCO, March 10 /PRNewswire/ -- Epoch Innovations, the world's leading neuroperformance company, raised $6 million today in its latest round of funding. This round of funding was led by Clarium Capital's Peter Thiel, the co-founder and former CEO of PayPal.
Epoch Innovations develops sophisticated technology solutions to improve cognitive performance. The company's first product, BrightStar, is focused on the multi-billion dollar dyslexia market.
BrightStar has proven highly effective in helping both children and adults with dyslexia. The BrightStar technology uses visual stimuli to aid communication between neural pathways and the cerebellum. Scientific results of the technology show significant improvement in the main literacy areas of reading, writing and spelling. Epoch's BrightStar product is offered at two centers in the U.K., with a third opening in Palo Alto, California in April 2004. Over the next 24 months, Epoch will open five additional centers in the U.S.
Epoch Innovations has experienced rapid growth, with revenues increasing an average of 25 percent month on month for the last year. Epoch Innovations recently formed a major strategic partnership that will provide distribution of BrightStar across the United States. Post money valuation of the most recent round of financing is $33 million, a company spokesperson confirmed. Epoch Innovations will use the additional funds to expand the number of U.S. centers, open up new distribution channels for BrightStar and to develop its next generation of products.
Epoch's BrightStar technology has a wide range of cognitive applications that also extend beyond dyslexia -- including Alzheimer's, Parkinson's, and Autism. Epoch Innovations has been featured on CNN and the London-based BBC.
Founded in 1999, the San Francisco-based company has raised $15 million to date.
CONTACT: Brad Selby, Director, Marketing of Epoch Innovations,+1-415-321-3449, or firstname.lastname@example.org