We track our steps, sleep, calories, heart rate variability, blood oxygen, and even how long we spent in REM last night. The average smartphone user generates more health data in a week than a 1990s hospital did in a year. But there is one organ we systematically ignore: the brain.
→ The platform tracks brain activity repeatedly over time to establish individual baselines, moving beyond one-off cognitive tests
→ Technology is rooted in Imperial College London's LUCID study, which proved everyday behaviours leave measurable signatures in brain blood flow
→ Backed by Redstone, Concept Ventures, and Octopus, the company targets a $1.56 billion neurotechnology funding market where brain-computer interfaces alone captured $955 million in the last 12 months
The paradox is striking. Physical health tracking has become cheap, continuous, and ubiquitous. A $40 smart ring tells you more about your cardiovascular system than a hospital stress test from a decade ago. Cognitive health, the single most valuable asset for knowledge workers, executives, and ageing populations, still relies on the equivalent of a Polaroid snapshot: a 30-minute test in a clinic that measures how you perform at exactly 2 PM on a Tuesday.
The startup, founded in 2024 by neuroscientists Lucas Scherdel and Dr Rufus Mitchell-Heggs, is trying to close that gap. The company uses functional near-infrared spectroscopy (fNIRS) — a non-invasive imaging technique — combined with machine learning to measure brain activity repeatedly and build personalised cognitive baselines. The key insight from Imperial College's LUCID study: brain blood flow patterns shift predictably based on sleep quality, stress, caffeine intake, and workload. A single measurement is noise. A thousand measurements are a signal.
Neurotechnology funding surged in 2025-2026
Brain-computer interfaces captured 61% of all disclosed dollars ($955M), while neuromodulation devices added $322M across 5 deals. The average round size was $71M, but the top 10 deals absorbed 86% of all capital. · New Market Pitch, 2026
The missing baseline
Traditional cognitive assessments, the kind used by neurologists and clinical trials, measure performance at a single point in time. Cambridge Brain Sciences and Lumosity-style tests capture a score and compare it against population averages. The problem, as Mitchell-Heggs explains, is that healthy brain function operates within a specific zone for each individual. Drift outside that zone signals potential decline. But without a personal baseline, you cannot tell whether a given score is normal for that person or the beginning of deterioration.
"Over 70% of cognitive decline occurs without noticeable symptoms before traditional diagnostics would intervene," Scherdel told TechFundingNews. "One in three people will experience a neurological or mental health condition in their lifetime."
Its approach is to measure each person repeatedly across different times of day, states of fatigue, and contexts until a stable baseline emerges. The platform then flags deviations: a drop in processing speed after a poor night's sleep is expected; a sustained decline over weeks is not. This is the same logic that makes continuous glucose monitors useful for non-diabetics: what matters is the trend, not the absolute number.
The company has already published its clinical measurement framework, built on research from Imperial's LUCID longitudinal study, and is rolling out its product with select partners in the performance and wellness sector. An elite football club is already trialling the platform with its players, tracking cognitive readiness across training cycles and travel schedules. The team's sports science unit declined to name the club.
The convergence of two curves
Connectome sits at the intersection of two accelerating trends. The first is the surge in neurotechnology investment. According to New Market Pitch's analysis of 22 disclosed deals between July 2025 and June 2026, the sector raised $1.56 billion, with brain-computer interfaces dominating at $955 million across 9 deals. The second is the mainstreaming of cognitive health as a workplace concern. Burnout, brain fog, and attention deficits have moved from clinical journals to boardroom discussions. Companies are increasingly treating cognitive capacity as an operational metric, not a personal health issue.
As we wrote earlier , whole-brain emulation crossed a fundamental threshold when Eon Systems demonstrated the first fruit fly brain driving a virtual body through its native connectome using no reinforcement learning or training, just biological wiring executing behaviour. That was proof that neural circuit dynamics can be captured, simulated, and embodied. The startup is working at a different scale, human and non-invasive and longitudinal, but the underlying premise is the same: brain function is not random, and with enough data it becomes predictable.
Why this round matters
The pre-seed round was led by Redstone, with Concept Ventures and Octopus participating, plus $120,000 in non-dilutive public innovation funding. For a company that has not yet launched a commercial product, the investor signal is instructive: Redstone and Concept Ventures are early-stage specialists who bet on platform infrastructure, not feature startups. The presence of Octopus, a firm more associated with climate tech than neurotech, suggests cognitive health monitoring is being seen as horizontal infrastructure rather than a narrow medical play.
The $2 million is modest relative to the $71 million average neurotech round. But the company does not need massive capital for hardware. It uses off-the-shelf fNIRS sensors and builds value in the software layer: the AI models that separate signal from noise, the baselining algorithms, and the contextual integration with sleep and activity data. This is a software-defined neurotech company, not a device company.
| Parameter | Connectome | Kernel | Cognixion |
|---|---|---|---|
| Approach | ✔ Software + off-the-shelf fNIRS | ◐ Custom hardware (Kernel Flow) | ✗ AR + BCI headset |
| Primary use case | ✔ Longitudinal cognitive monitoring | ◐ Research-grade brain measurement | ◐ Communication for disabled |
| Revenue model | ✔ B2B SaaS + research partnerships | ◐ Hardware sales to labs | ◐ Device + subscription |
| Stage | Pre-seed ($2M) | Series C ($130M+) | Series B ($40M) |
What happens to the neurotech market a year from now?
Probability: 65% — Two mid-market providers (Virgin Pulse, Wellable) have already approached neurotech vendors for integration, and its pilot with an elite sports organisation provides the first non-clinical use case data.
✅ Arguments for
+ The rise of return-to-office mandates increases employer interest in productivity-linked health tools
+ Neurotech M&A is accelerating, with 4 acquisitions in Q1 2026 alone (Synchron, MindMaze, NextSense, BioSerenity)
Confirmation criteria: A second neurotech B2B wellness vendor hits $5M+ ARR within 12 months
❌ Arguments against
− The clinical evidence base for fNIRS-based longitudinal monitoring is still thin — no large-scale trials showing that early detection changes outcomes
− Pre-seed rounds in neurotech have a high attrition rate: 60% of 2023-2024 pre-seed neurotech startups have pivoted or shut down (PitchBook)
Disconfirmation criteria: Any major privacy lawsuit or regulatory action against workplace neurotech monitoring
Development scenarios
🟢 Optimistic scenario (25%)
Implications: Neurotech B2B valuations converge with digital health multiples (6-8x ARR), attracting later-stage crossover capital
🟡 Base-case scenario (55%)
Implications: The company builds a solid niche in sports science and academic research but faces an uphill battle in the corporate market. A trade sale to a larger wellness platform (Virgin Pulse, Personify Health) becomes the most likely exit at 3-5x revenue.
🔴 Pessimistic scenario (20%)
Implications: The startup runs out of runway before achieving product-market fit. The thesis that longitudinal brain monitoring is B2B-viable remains unproven for another cycle.
1. Partner count growth — from 3 pilots to 10+ within 9 months signals validation
2. Neurotech M&A velocity — 4 acquisitions in Q1 2026; sustained pace means strategic buyers are hungry
3. Regulatory posture — any FTC or EU guidance on workplace cognitive monitoring will define the market ceiling
4. Competitive funding — Kernel, Synchron, or a new entrant raising B2B-focused rounds confirms the thesis