Software Startup Neurable Raises New Financing

Neurable announced the completion of a new round of financing from the Zell Lurie Founders Fund at the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies.

Neurable builds brain-computer interfaces (BCI) for next-generation computing platforms. A BCI is a communication pathway that uses hardware and software to enable control of computers through cerebral activity. Neurable’s BCI uses non-invasive methods to record and analyze brain activity, translating thought into action.

In its announcement, the company said the fund has a mission to help advance University of Michigan students and recent alumni whose ventures need funding to move from idea to profitability. Neurable’s three founders, James Hamet, Ramses Alcaide, and Michael Thompson, are all University of Michigan alumni.