Neurable has raised $6 million in Series A funding to develop brain-sensing headphones, transitioning from VR applications to consumer-focused neurotechnology products.

Target Information

Neurable, a leading neurotechnology company based in Boston, Massachusetts, has recently secured $6 million in Series A funding aimed at developing innovative brain-sensing consumer headphones. This financing round was spearheaded by M Ventures, with contributions from Innospark Ventures and existing investors including Loup Ventures and Point Judith Capital. The goal of this investment is to expand Neurable's product offerings beyond virtual reality (VR) applications and to create accessible and intuitive brain-computer interfaces (BCIs) for everyday use.

Neurable's flagship technology empowers users to control VR experiences using nothing but their thoughts. Their collaboration with Red Bull resulted in the launch of a VR game at Lollapalooza in August 2019, showcasing their advancements in EEG interpretation and application in VR training. The recent funding will facilitate Neurable's shift toward consumer-focused devices, such as headphones that monitor cognitive states and allow hands-free operation of mobile devices.

Industry Overview in the U.S.

The neurotechnology industry in the United States is rapidly evolving, focusing on enhancing the interaction between humans and machines. With the increasing dependency on technology in everyd