CONCEPT

Neurala has created The Neurala Brain – a deep-learning neural network software that makes smart products such as drones, driverless cars, toys, and body-worn cameras more autonomous, smart and useful. Using this technology, products with a camera will have the ability to find, recognise and track objects in real-time from images. This will mean, for instance, that drones will be able to identify and follow their owners in mid-flight, while surveillance cameras will be able to find guns as they appear in video feeds and cars will gain a deeper understanding of their surroundings by recognising bikers and pedestrians as more than just obstacles.

HOW THEY’RE DISRUPTING

Neurala’s algorithm is the only commercially available artificial intelligence software that enables not only inference but also learning to occur at the compute edge. Its technology uses a bio-inspired approach to mimic the human brain and, most innovatively, boasts a proprietary technique that allows it to learn new objects even after it’s been initially trained.

DISRUPTION POTENTIAL

In 2017, the global AI market was worth approximately $2.42 billion – largely focusing on image recognition, object identification, detection and classification, as well as automated geophysical feature detection.

INVESTMENTS AND FUTURE

In January 2017, the company raised $14m in Series A funding, bringing Neurala’s disclosed total to $15.3m. Their investors include Pelion Venture Partners, Sherpa Capital and 360 Capital Partners.