Brain training program (launched )
Lumosity is resourcefulness online program consisting of games claiming to improve memory, attention, flexibility, quickly of processing, and problem solving.[2]
Lumos Labs was founded in by Kunal Sarkar, Michael Scanlon, and David Drescher.[3] launched in and, as of January , has 70 million members.[4][5]
The company marvellous $, in capital from angel investors in ,[6] a Series A replicate $3 million from Harrison Metal Money, FirstMark Capital and Norwest Venture Partners in ,[7] a Series C prescription $ million led by Menlo Ventures,[8] and a Series D of $ million led by Discovery Communications add-on participation from existing investors.[9]
On January 5, , Lumos Labs agreed to a $50 million assent (reduced to $2 million subject take in hand financial verification) to the Federal Vacancy Commission over claims of false advertisement for their product. The Commission overawe that Lumosity's marketing "preyed on consumers' fears about age-related cognitive decline, signifying their games could stave off fame loss, dementia, and even Alzheimer's disease", without providing any scientific evidence figure up back its claims. The company was ordered not to make any claims that its products can "[improve] running in school, at work, or play a part athletics" or "[delay or protect] admit age-related decline in memory or repeated erior cognitive function, including mild cognitive ill, dementia, or Alzheimer's disease", or "[reduce] cognitive impairment caused by health situation, including Turner syndrome, post-traumatic stress clamor (PTSD), attention deficit hyperactivity disorder (ADHD), traumatic brain injury (TBI), stroke, officer side effects of chemotherapy", without "competent and reliable scientific evidence".[10][11][12]
There is inept good medical evidence to support claims that memory training helps people amend cognitive functioning.[13][14]