“Neurable has announced a $6 million Series A round of funding to move beyond VR applications and develop the everyday brain-computer interface. These will take a headphones form factor and will target consumers. This marks an exciting advancement for brain-computer interfaces (BCI) … Neurable raised its initial $2 million investment to develop the software by putting an EEG headset on people’s heads, putting them in front of a computer screen and asking them to drive a remote controlled car around with their mind to show them how easy it was. The company proved that BCIs can, and do, work.
Neurable CEO, Dr. Ramses Alcaide, explained to me why VR was important for the company early on: “We used virtual reality as a vehicle to demonstrate key concepts and prove the early value of brain-computer interfaces. We saw an opportunity to deliver value to customers with mental control and affective computing, two new dimensions for how humans interact with machines. We also needed a form factor that could shoulder the electrode requirements we had for what we were trying to achieve.”
This latest financing, led by M Ventures, with the participation of Innospark Ventures and existing investors such as Loup Ventures and Point Judith Capital, will allow Neurable to create brain-computer interfaces that are accessible, intuitive, and user-friendly—bringing the benefits of neurotechnology to the masses.”