DECEMBER 17TH, 2017
Emerging Leader in Deep Learning Neural Networks AI Technology Recognized as One of the Most Promising Private Artificial Intelligence Companies in the World
BOSTON, MA — DECEMBER 13, 2017—Deep learning neural networks company Neurala has been selected for inclusion in CB Insights’ Artificial Intelligence 100 list, a ranking of the 100 most promising private artificial intelligence companies in the world. Neurala was chosen from the more than 1,650 companies that applied or were nominated.
“This is a fitting end to a big year for Neurala, and it is an honor to be included in this prestigious list,” said Massimiliano “Max” Versace, co-founder and CEO of Neurala. “2018 will be the year for learning on the edge and building a super brain. We are excited to be leading the charge, poised and ready to transform industries, and excited to take part in changing the world for the better through artificial intelligence.”
Neurala is the company behind The Neurala Brain—deep learning neural network software that makes smart products like cameras, robots and drones more autonomous and useful. Neurala uses a bio-inspired approach to mimic the way the human brain learns and analyzes its environment. Neurala’s deep learning neural networks (DNN) software can operate locally “on the edge” and features patented edge-learning technology so that devices can learn in 1.2 seconds what would take a traditional DNN 12-23 hours to converge.
In 2017, Neurala celebrated many other notable milestones:
- Raised $14 million in Series A funding
- Added important new employees in engineering, marketing and sales, tripling the company’s size
- Moved into a new 8,000-square-foot headquarters in Boston
- Opened a satellite office in Silicon Valley
- Doubled number of customers
- Released significant new capabilities, including patented edge learning technology
- Gave thought leadership talks at AI World, InterDrone, AUVSI, GTC, and TechCrunch and secured the keynote address at 2018 Mobile World Congress
CB Insights’ AI 100 recognizes the teams and technologies that are successfully using AI to solve big challenges. Companies are selected on the basis of their Mosaic scores and their responses to questions posed by CB Insights’ industry analysts. Companies can be located anywhere and must be privately-held.
Neurala is a software company that developed The Neurala Brain—deep learning neural network software that makes smart products like robots, drones, toys, self-driving cars and smart cameras more autonomous, engaging and useful. Neurala provides off-the-shelf and customized solutions ranging from high-end applications to inexpensive everyday consumer products. With the Neurala Brains for Bots Software Development Kit (SDK) and an ordinary camera, products can learn people and objects, recognize them in a video stream, find them in the video, and track them as they move. The Neurala Brain is based on technology originally developed for NASA and the U.S. Air Force. Current customers include Motorola Solutions, Parrot and Teal Drones.