Ultratech Capital Partners, TRAC, Pace Ventures and Metaplanet contributed to the funding round. It brings the Boston-based company’s total funding over $30 million to date.
Neurable develops easy-to-use neurotechnology, including the soon-to-launch AI-powered MW75 Neuro headphones. The company wants to use the new funding to continue expanding the build of its platform and provide non-invasive BCI to consumer audiences. This includes expanding its product portfolio, reference designs, algorithms and enabled systems. Neurable hopes to add earbuds, helmets and other various head-worn devices to its portfolio.
The technology uses electroencephalography (EEG) AI technology optimized for more compact form factors than traditional external brain wave monitoring devices. Its AI-powered platform records the wearer’s brain activity and gives people brain data in a non-invasive manner.
Neurable partnered with consumer wearable companies, including headphone company Master & Dynamic. It wants to embed EEG sensors into everyday technologies, with plans to introduce the first-ever BCI-enabled headphones. The company expects a launch this summer.
Additionally, after the funding, Neurable partnered with Air Force Research Lab’s 711 Human-Performance Wing. The partnership seeks to validate the technology and explore its usability in improving human performance. With this, the company secured $5 million in U.S. Defense Dept. contracts to further develop the technology.
“This new round of funding underscores our commitment to making Neurable’s brain-computer interface technology accessible to everyone,” said Dr. Ramses Alcaide, CEO and co-founder of Neurable. “We’re empowering individuals to understand their own mind, optimize human performance, and conquer the most pressing health challenges of our generation.”
Neurable featured on our list of brain-computer interface companies you need to know in 2022.
