Neurala Raises $13.7M in Series A

What does Neurala do?

Neurala, is a software solution which is bridging the gap by introducing autonomy and framework generalizable across all drone, smart devices, toys, cars, and other machines for increasing safety, usability, and engagement of end users. Its solution allows smart machines in learning about their environment and interact with them.  Smart machines in the current world must be very engaging and useful, they must be able to function with any humans. From the modern drones to consumer toys used for self-driving and inspection, they have to avoid collisions and obstacles, navigate in cluttered environment and return to base. All of this must be cost-effective, without using expensive processors or power consuming sensors.

How much Neurala was funded?

Neurala raised $13.7M in Series A on December 28, 2016

Previous funding

Undisclosed amount on February 25, 2013 from Right Side Capital Management and Techstars.

$750k on December 10, 2014 from Robolution Capital, Tim Draper and SK Ventures.

What is next for Neurala?

The company’s patented technologies are very unique and they help in emulating brain functions for enabling classification, perception, identification, collision free navigation and decision making in the smart devices in the present times.

More about Neurala

Neurala was founded on January 30, 2006 by Anatoli Gorchetchnikov,  Massimiliano Versace, Max Versace and Heather Ames. It has its headquarters in Boston, MA. The company built deep learning software which takes bio-inspired approach for getting smart devices and robots to learn and adapt to the surrounding environment. Its software was developed originally for Air Force and NASA, before it was released for commercial purpose. The company makes brains for bots. It has pioneered the neural parallel processing and deep learning software development. The company’s main belief is that  the brain is the perfect model for intelligence and that ears and eyes are perfect models for sensors. So the company mimics the way human biology works using cameras, software and microphone.