Fundraising Fox

SPARK Neuro

New York, US · Founded 2018 · Delaware corporation · 16 employees on LinkedIn · 6 known investors

Revolutionizing brain measurement for clinical care and therapeutic discovery

Also known as Spark Neuro · SPARK Neuro Inc.

Founders & leadership

SPARK Neuro was founded in 2018 by Spencer Gerrol.

SG
Spencer GerrolFounder
JS
Jeremy SziklayNamed on SEC filing
WR
William Ryan McGarryNamed on SEC filing

Investors · 6

Also in the syndicate · 2

Michael EisnerThe Tornante Company

Reported raises · per SEC filings

Form D private placements

$13.3M disclosed across 1 round · 2018

$13.3MraisedAug 2018 · 26 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Spencer GerrolExecutive Officer, Director
  • Jeremy SziklayExecutive Officer, Director
  • William Ryan McGarryDirector
Offering amount
$13.3M
Amount sold
$13.3M
Minimum investment
$27K
Sales commissions
$233.9K
Placement agents
ABG, LLC
First sale
Jul 2018
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$53.5Mvaluation at Series AAug 2018
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

SPARK Neuro is a neuroscience company that quantifies brain activity data to support clinical care and therapeutic discovery. Its principal product is the SPARK Scan, a roughly 10-minute EEG-based evaluation that combines patented neural metrics with machine learning algorithms to identify early changes in the brain and help characterize neurological and psychiatric conditions. The company also markets Spark Predict, described as a data-query tool built on the claims intelligence engine underlying its brain health work.

The company originally built a neurobiometrics platform aimed at measuring audience engagement in advertising and entertainment. That system captured brain activity through a 14-electrode EEG setup alongside electrodermal activity, facial expression analysis, eye tracking and fNIRS imaging, generating more than 6,000 data points per second, with proprietary algorithms used to reduce noise and derive measures of emotional response and attention. Studios and brands used the outputs to test trailers, full-length films, promos and contextual advertising. In 2019 the company was reported to have received a Department of Defense grant to study applications of the approach in counter-terrorism.

More recently SPARK Neuro has positioned itself in brain health, seeking to make brain health measurement a routine part of standard care and to support earlier detection of dementia, citing projections of more than 153 million people living with dementia worldwide by 2050. Leadership includes founder and CEO Spencer Gerrol, President and COO Marinela Gombosev, Chief Strategy Officer Harry Leider, MD, and Medical Director Richard Caselli, MD, a longtime Mayo Clinic neurologist who joined in 2024. An advisory group includes clinicians and researchers affiliated with the University of Oxford, UCLA, Kaiser Permanente and MIT's Computer Science and Artificial Intelligence Laboratory.

Founding story

Founder and CEO Spencer Gerrol holds undergraduate and master's degrees in human factors from Tufts University and has a background in applied cognitive psychology. He devised the SPARK name as an acronym for Scientific Persuasive Artistic Research-Driven Knowledge. His stated premise was that emotions drive decisions but had not been directly measurable, since prior research relied on self-reporting. He raised the company's first institutional round through an investor roadshow.

Business model

SPARK Neuro sells brain measurement services and technology. In its earlier entertainment and advertising work, it conducted paid neuroanalytics research studies for studios, networks and brands, recruiting panelists with cash incentives averaging about $100 per session. Its current brain health offering is presented as a non-invasive, EEG-based scan service intended for adoption by providers and payers as part of routine care, complemented by an analytics product built on its claims intelligence engine. The company has also drawn on non-dilutive government and research support, including a Department of Defense grant.

Revenue derives from client-commissioned neuroanalytics research and from brain health assessment services aimed at healthcare providers and payers, supplemented by government grant funding.

Traction

By August 2018 the company reported 15 employees, up from an initial staff of three, with a target of 50 by year end, and said it had collected data on 15,000 individuals and was profitable after its first year. It counted major studios, networks and consumer brands among clients and was scheduled to open a Tokyo office in September 2018. In 2024 it appointed a longtime Mayo Clinic neurologist as medical director, and patent applications on cognitive assessment methods were published in 2024 and 2025.

Latest developments

Richard Caselli, MD, formerly chair of neurology at Mayo Clinic, joined as medical director in 2024. Patent filings on methods and systems for detecting and assessing cognitive impairment and cognitive status were published in April 2024 and April 2025. The company markets Spark Predict, an analytics product built on its claims intelligence engine, alongside the SPARK Scan.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

SPARK Neuro operates in neuro-analytics and brain health assessment, a field that also includes EMOTIV, Affectiva, NeuroSky and iMotions. It differentiates on clinical credibility through collaborations with academic and clinical institutions and through senior clinical hires.

The company positions objective, physiological measurement as an alternative to self-reported research methods such as focus groups, surveys and polls, arguing those approaches are subject to bias and incomplete data. Its clinical claim rests on patented neural metrics, machine-learning analysis and a short EEG-based scan protocol, supported by collaborations with major medical institutions.

Technology

The platform is built on electroencephalography combined with additional biometric signals: electrodermal activity, facial expression analysis, eye tracking and fNIRS brain imaging. Proprietary algorithms process high-volume, noisy EEG streams to derive measures of attention and emotional response. The clinical product, SPARK Scan, pairs patented neural metrics with machine learning in a short EEG-based evaluation; the company has filed patents on methods and systems for detecting and assessing cognitive status and cognitive impairment.

Go-to-market

Initially media, entertainment and consumer brands, including reported clients such as Netflix, Hulu, NBC, Universal, Paramount, Anheuser-Busch, Barclays, Clorox, FedEx, Fidelity, General Motors, JetBlue, Mars, State Farm and Walmart. The current focus is on clinicians, health systems and payers involved in diagnosing and managing cognitive health and dementia, as well as therapeutic developers and academic medical institutions.

Geography

Headquartered in New York, NY, with a first international office planned for Tokyo, Japan in September 2018; one third-party listing describes the company as Los Angeles-based with employees in North America.

History

Some of the company's technology was incubated at founder Spencer Gerrol's earlier venture, SPARK Experience, which applied psychology to user experience and design research and drew attention for 2016 U.S. election research on undecided voters in Pennsylvania and Florida. Gerrol sold SPARK Experience to New York UX agency Motivate Design at the end of 2016. SPARK Neuro was founded shortly after and raised a $13.5 million Series A in August 2018 to expand headcount and its neuroanalytics platform, with early focus on entertainment and advertising. In 2019 it was reported to be developing a broader neurobiometrics system and to have won a Department of Defense grant. The company subsequently shifted toward clinical brain health, adding senior healthcare and neurology leadership and developing the SPARK Scan.

Risks & controversies

Third-party data on the company is inconsistent: listings variously report founding in 2017, headquarters in New York or Los Angeles, and total funding figures that conflict with reported round sizes. Earlier work included politically sensitive research on undecided voters during the 2016 U.S. election and a Department of Defense-funded study of counter-terrorism applications.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Average panelist incentive per sessionAug 2018$100
Data points captured per secondAug 20186,000 data points/second
EmployeesJul 202617 people
HeadcountAug 202616
Individuals with data collectedAug 201815,000 people
Post-money valuationAug 2018$53.5M
SPARK Scan evaluation durationJan 2025$10
Total funding secured by founder for SPARK NeuroJan 2025over $35M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 8

launches, deals, and filings
Apr 2025
Patent publication: methods and systems for detecting and assessing cognitive status

source ↗

May 2024
Mayo Clinic neurologist Richard Caselli named medical director

Richard J. Caselli, MD, a Mayo Clinic neurologist and former chair of its Department of Neurology, was named medical director of SPARK Neuro.

source ↗

Apr 2024
Patent publication: methods and systems for detecting and assessing cognitive impairment

source ↗

Sep 2019
Department of Defense grant for counter-terrorism research

Reported to have won a grant from the U.S. Department of Defense to study use of its neurobiometrics system in counter-terrorism.

source ↗

Sep 2019
Neurobiometrics system in development

Reported development of a neurobiometrics system combining EEG, galvanic skin response, facial biometrics, eye tracking and fNIRS brain imaging to assess psychological response to media.

source ↗

Sep 2018
First international office planned in Tokyo

The company was scheduled to open its first international office, in Tokyo, Japan, in September 2018.

source ↗

Aug 2018
$13.5M Series A led by Thiel Capital

Closed a $13.5 million Series A financing led by Thiel Capital's Peter Thiel, with participation from Will Smith and Michael Eisner's Tornante Company. The round included eight investors each contributing at least $1 million, one of whom remained anonymous, and gave the company a stated post-money valuation of $53.5 million.

$13.5M source ↗

Dec 2016
Founder sells predecessor company SPARK Experience to Motivate Design

At the end of 2016, Spencer Gerrol sold SPARK Experience, the UX research firm where some SPARK Neuro technology was incubated, to New York agency Motivate Design.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
SPARK NeuroDelaware

In the news

Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does SPARK Neuro do?
Neuroscience company using EEG-based brain measurement and machine learning for cognitive assessment and therapeutic discovery.
Who founded SPARK Neuro?
SPARK Neuro was founded by Spencer Gerrol in 2018.
Who are SPARK Neuro's investors?
SPARK Neuro's investors include Dreamers VC, King River Capital, R136 Ventures, The Venture Collective.
How much funding has SPARK Neuro raised?
SPARK Neuro has disclosed $13.3M raised across 1 round.
Where is SPARK Neuro headquartered?
SPARK Neuro is headquartered in New York, US.