Lumosity, the online company which creates brain training games and exercises, announced, Aug. 22, it raised $31.5 million in its series D round of funding and has now raised $70 million in series funding.
The company is used in cognitive training for learning and stores a database of human performance. The brain exercises offered through Lumosity are developed by the company’s Scientific Advisory Board, which is a group of researchers from the University of California-San Francisco and Stanford University. The purpose of the games and exercises is to enhance a person’s memory, attention, and processing speed.
The San Francisco-based company began in 2007 and now has more than 25 million registered users. Its education app, which was developed in 2010, has been downloaded more than 10 million times.
“Our goal has always been to use technology to create cutting-edge neuroscience-based programs that help people reach their full potential,” Kunal Sarkar, co-founder and CEO of Lumosity, said in the press release.
The lead investor in the recent series funding was Discovery Communications, the non-fiction media company. It was followed by Lumosity’s existing investors FirstMark Capital, Harrison Metal, Menlo Ventures and Norwest Venture Partners.