![]() "Is Working Memory Training Effective? A Meta-Analytic Review". Start challenging your Memory, Attention and more today Here's what you'll get: Daily workouts that draw from 25+ brain games to challenge 5 core cognitive abilities. ^ "Lumosity to Pay $2 Million to Settle FTC Deceptive Advertising Charges for Its "Brain Training" Program". Used by over 85 million people worldwide, Lumosity offers a comprehensive brain training program with 25+ brain games.^ "Lumosity pays $2 million to FTC to settle bogus "Brain Training" claims".^ "Lumosity to Pay $2 Million to Settle FTC Deceptive Advertising Charges for Its "Brain Training" Program"."Lumosity Raises $31.5M from Discovery Communications for Brain Fitness Games". "Lumosity Raises $32.5 Million For Brain Fitness Games". "Lumosity Raises $400,000 for Fames to Improve Brain". ^ "Let's celebrate - this month Lumosity added our 70 millionth member!"."Small Brain-Training Game Maker Getting Bigger". "Brain-Training Games Are New Exercise Craze". ^ " "Brain training" with Lumosity - does it really work?".There is no good medical evidence to support claims that memory training helps people improve cognitive functioning. The company was ordered not to make any claims that its products can " performance in school, at work, or in athletics" or " against age-related decline in memory or other cognitive function, including mild cognitive impairment, dementia, or Alzheimer's disease", or " cognitive impairment caused by health conditions, including Turner syndrome, post-traumatic stress disorder (PTSD), attention deficit hyperactivity disorder (ADHD), traumatic brain injury (TBI), stroke, or side effects of chemotherapy", without "competent and reliable scientific evidence". The Commission found that Lumosity's marketing "preyed on consumers' fears about age-related cognitive decline, suggesting their games could stave off memory loss, dementia, and even Alzheimer's disease", without providing any scientific evidence to back its claims. On January 5, 2016, Lumos Labs agreed to a $50 million settlement (reduced to $2 million subject to financial verification) to the Federal Trade Commission over claims of false advertising for their product. The company raised $400,000 in capital from angel investors in 2007, a Series A of $3 million from Harrison Metal Capital, FirstMark Capital and Norwest Venture Partners in 2008, a Series C of $32.5 million led by Menlo Ventures, and a Series D of $31.5 million led by Discovery Communications with participation from existing investors. launched in 2007 and, as of January 2015, has 70 million members. Lumos Labs was founded in 2005 by Kunal Sarkar, Michael Scanlon, and David Drescher. Lumosity is an online program consisting of games claiming to improve memory, attention, flexibility, speed of processing, and problem solving.
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