Neurable, a Cambridge, Mass.-based brain-computer interface (BCI) technology startup, received an investment from the Zell Lurie Founders Fund at the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies.
The amount of the deal was not disclosed.
The investment builds on a $2m seed round Neurable announced in December 2016. It will support the company’s continued growth.
Based on neuroscience by Ramses Alcaide (PhD Neuroscience ’16) and co-founded with Michael Thompson (MBA ’17), Neurable has just unveiled its brain-computer interface product which allows people to control software and devices using only their brain activity.
As a platform for human-computer interaction, the company is targeting virtual and augmented reality, licensing its software development kit (SDK) to content developers and headset manufacturers to enable completely new and immersive experiences.
Neurable was part of the fall 2015 class of TechArb, the University’s student venture accelerator and joint initiative of The Center for Entrepreneurship and the Zell Lurie Institute. It then participated in the 2016 Michigan Business Challenge business plan competition, where it was a finalist and went on to win more than $300k at the Rice Business Plan Competition (RBPC).