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CTRL-Labs

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Dedicates itself to answering the biggest questions in computing, neuroscience, and design so creators can dream

New York City, United StatesFounded 2015Robotics
Valuation $500M–1B Last recorded · 2019
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for CTRL-Labs and the history behind them.

About CTRL-Labs

CTRL-Labs, established in 2015 by Thomas Reardon and Patrick Kaifosh, operated at the intersection of neuroscience and machine learning. The company focused on developing non-invasive neural interface technology, specifically a wristband designed to translate electrical signals from muscles into digital commands for controlling computers and other devices. This technology is based on differential electromyography (EMG), which measures the electrical impulses that travel from motor neurons in the brain to the hand muscles, effectively capturing intention rather than just movement.

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The founders brought a wealth of relevant experience to the venture. Thomas Reardon, the CEO, is a neuroscientist who previously had a significant career at Microsoft, where he led the development of Internet Explorer. This background in both software development and neuroscience provided a unique perspective for creating a new human-computer interaction paradigm. Co-founder and CSO, Patrick Kaifosh, holds a Ph.D. in neuroscience from Columbia University, where he worked with Nobel laureate Richard Axel, contributing deep scientific expertise to the company's core technology.

CTRL-Labs' primary product was the CTRL-kit, a developer-focused armband that allowed software creators to experiment with this new form of input. The device aimed to create a seamless connection between human thought and digital action, moving beyond the limitations of keyboards, mice, and touchscreens. The business model centered on providing this hardware and the accompanying software development kit (SDK) to developers, enabling them to build applications for a future where controlling technology feels like a natural extension of the body. The company's journey culminated in a significant milestone in September 2019 when it was acquired by Facebook (now Meta) for a sum reported to be between $500 million and $1 billion, integrating its technology into Meta's Reality Labs to further the development of AR and VR interfaces.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2015
Headquarters
New York City, United States
Employees
8
Open positions
None listed
Dealroom signal
81.6/100
Sector
Robotics, Human Computer Interaction, Neurology, Core AI, Spinout, Brain Computer Interfaces, AI Applications, DT and LS
Technology
Artificial Intelligence, Hardware, Deep Tech, Machine Learning, Nanotech
Business model
Manufacturing
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Sep 2019 $800M $800M Meta ↗
SERIES BOther financing Feb 2019 $28M $112M Lux Capital · Matrix Partners · Spark Capital · Fuel Capital —
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

CTRL-Labs website traffic

Latest recorded traffic for CTRL-Labs is 300 monthly website visits, down 46.4% over the last three months. CTRL-Labs's team grew 14.3% over the past year.

Latest monthly visits300 3-month web change-46.4% 1-year team growth+14.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A7 investors entered at this stage

Other known investors2 additional known investors

  • Columbia University
  • Meta
Team profiled 20 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States75%
🇬🇧 United Kingdom25%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about CTRL-Labs on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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