Venture-backed Interaxon acquires Meditation Studio
Interaxon Inc, a Toronto-based developer of brainwave-sensing technology, has acquired Meditation Studio, a U.S. app that provides users with expert-guided meditations and related resources. No financial terms were released. Interaxon CEO Derek Luke said the deal expands his company's direct-to-consumer offerings and reinforces its contribution to brain health. It now offers a database of more than 400 guided meditations and courses. Interaxon, the maker of the Muse sensory headband, last year secured about $14.8 million in a Series B-1 financing led by Trend Forward Capital, Export Development Canada and OMERS Ventures.
10 July 2018•3 mins read
