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Samsung Ventures invests in Earable® Neuroscience
Investment expected to help Earable® Neuroscience expand its activities to global markets.
Earable® Neuroscience announced on June 21 the completion of an investment process in its bridge round by Samsung Ventures for an undisclosed sum.
The investment underscores Samsung Ventures’ commitment to advancing healthcare technology for the future and recognizes the potential of Earable’s FRENZ® Brainband as a consumer sleep tech wearable. Prior to this bridge round, Earable was funded by Founders Fund, Smilegate Investment, 500 Global, and multiple angel investors.
Samsung Ventures plans to forge alliances within its local and global network to support Earable Neuroscience’s global market expansion, including the South Korean market.
Its investment team said the investment aligns with Samsung Ventures’ commitment to scaling innovation and its belief in the potential of frontier technology to improve people’s lives. “We recognized the immense potential of FRENZ Brainband, with its exceptional core technologies and pioneering status in the sleep tech industry with potential in other cognitive improvement areas,” Samsung Ventures’ investment team said.
Similarly, Mr. Tam Vu, CEO of Earable® Neuroscience, said that since day one, the company’s vision has been to make the everyday advantages of neuroscience accessible to everyone by enhancing cognitive functions. Through real-time precise tracking and instant personalized stimulation, FRENZ holds the key to unleashing human potential, starting with the sleep experience. “With Samsung Ventures’ extensive ecosystem support and established commercial base, we look forward to enhancing the neuroscience platform and providing the best experience to consumers worldwide,” he went on.
Earable Neuroscience has developed the revolutionary sleep tech wearable, FRENZ® Brainband, which incorporates cutting-edge neuroscience technology into a consumer wearable to enhance sleep quality, improve focus, and promote relaxation. The core technology was developed by scientists at the University of Colorado in the US and Oxford University in the UK.
