Spark Neuro is a technology company.
Spark Neuro has raised $24.0M across 2 funding rounds.
Spark Neuro has raised $24.0M in total across 2 funding rounds.
Spark Neuro has raised $24.0M in total across 2 funding rounds.
Spark Neuro's investors include Afore Capital, Anthemis Group, CapitalX, Matt Ocko, Dreamers VC, Elkstone, Greycroft, No Label Ventures, Paradigm, Rajan Anandan, RTP Global, SNR.
Spark Neuro is a neuroscience technology company that develops AI-enabled, FDA-cleared EEG brain scan devices and services for objective neurological assessments, primarily targeting dementia screening and diagnosis. Its flagship SPARK Scan uses EEG technology and proprietary AI algorithms to deliver accurate, non-invasive dementia detection with significantly reduced false positive rates compared to traditional methods, serving primary care physicians, neurologists, healthcare payers, and providers.[1][2][6] The company addresses the underdiagnosis of dementia (affecting ~40% of cases), enabling earlier interventions, cost savings, and better patient outcomes by allowing clinics or at-home use, while also offering biometric tools for neuromarketing and brain health monitoring like TBI tracking.[1][2][3][5] With over $35M in funding and collaborations with Mayo Clinic and Johns Hopkins, Spark Neuro shows strong growth momentum through FDA clearance, NIH/DoD funding, and expansion from neuromarketing roots to cognitive care.[2][6]
Spark Neuro was founded in 2016 or 2017 by Spencer Gerrol, a cognitive science and human factors expert passionate about applying neuroscience to real-world tools.[1][2][3][6] Gerrol's idea emerged from his earlier venture, SPARK Experience (founded 2009), a design agency where his team began neuroscience research in 2013 using machine learning for consumer insights, including high-profile studies on the 2016 U.S. elections analyzing Trump and Hillary supporters' brain responses.[3] After selling SPARK Experience to Motivate Design, Gerrol launched Spark Neuro to commercialize biometric tech for measuring subconscious attention and emotion via EEG, GSR, facial tracking, and eye movement.[3][4] Early traction came from neuromarketing clients like Paramount Pictures, NBC, and Procter & Gamble, evolving into healthcare applications through partnerships like Mayo Clinic for TBI trackers and dementia tools, securing FDA clearance and NIH/DoD grants.[2][3][5][6]
Spark Neuro stands out in cognitive care and neuromarketing through its biometric precision and clinical validation:
Spark Neuro rides the wave of AI-driven precision medicine and neuromarketing, capitalizing on aging populations driving dementia prevalence (underdiagnosed by 40%) and demand for objective diagnostics amid clinician shortages.[1][2][7] Timing aligns with advances in portable EEG, machine learning, and FDA fast-tracking for neurotech, amplified by post-pandemic telehealth and brain health focus.[5][6] Market forces like rising healthcare costs from delayed dementia care (~$360B/year in U.S.) favor its cost-saving, scalable model, while neuromarketing taps $1T+ ad spend seeking subconscious insights over flawed surveys.[3][4] It influences the ecosystem by setting standards for biometric brain measurement—pioneering portable TBI tools and collaborations with NIH/DoD/Mayo—pushing neurotech toward routine care like blood pressure checks.[2][5][6]
Spark Neuro is poised to expand its SPARK Scan into broader brain health platforms, potentially adding Alzheimer's subtypes, MCI detection, and payer-integrated services amid growing neurotech adoption. Trends like AI-biomarker integration, wearable EEGs, and value-based care will accelerate its mission to universalize assessments, with leadership like Gerrol and Dr. Caselli driving clinical trials and global scaling.[2][6] Influence may evolve from niche neuromarketing to ecosystem leader, influencing guidelines via Mayo collaborations and reducing dementia burdens—transforming a $10M+ funded innovator into a cognitive care staple, much like its origins unlocked subconscious truths for ads and elections.[1][3][6]
Spark Neuro has raised $24.0M across 2 funding rounds. Most recently, it raised $10.0M Series A in February 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2023 | $10.0M Series A | Afore Capital, Anthemis Group, CapitalX, Matt Ocko, Dreamers VC, Elkstone, Greycroft, No Label Ventures, Paradigm, Rajan Anandan, RTP Global, SNR, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Ali Moiz, Alison Engel, Arash Ferdowsi, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, Mike Giampapa, Munish Varma, Sahin Boydas, Sumon Sadhu, Viral Bajaria | |
| Aug 1, 2018 | $14.0M Series A | Accel, Arrive, Better Tomorrow Ventures, Dreamers VC, Footprint Coalition, Founders Fund, General Catalyst, GV (Google Ventures), Heroic Ventures, Sequoia Capital, Munish Varma |