Motorola Solutions Invests in Neurala
Wednesday, February 01, 2017 | Comments

Motorola Solutions Venture Capital and other companies invested $14 million in Neurala, a software company that invented The Neurala Brain, a deep learning neural networks platform that is making smart products such as toys, cameras and self-driving cars more autonomous, interactive and useful.

Neurala is working with Motorola Solutions on new applications of video, image and audio analytics for public safety.

Pelion Venture Partners led the funding round, with participation from Sherpa Capital, Motorola Solutions Venture Capital, 360 Capital Partners, Draper Associates Investments, SK Ventures and Idinvest Partners through its Electranova Capital II Fund and in partnership with Ecomobility Ventures. Both 360 Capital Partners and Draper Associates also provided seed funding.

Neurala will use the capital to accelerate servicing of its rapidly increasing customer demand, as well as to revolutionize additional application areas by adding built-in intelligence and autonomous behavior.

“The Neurala Brain was designed from the beginning to transform industries,” said Massimiliano Versace, co-founder and CEO of Neurala. “Bioinspired brainpower can be built right into drones, cars, toys, cameras and other devices found in the home so that they can learn, see and act. This is essential for applications like drones and self-driving cars, where reaction time is critical and where you can’t always get fast network access.”

Neurala pioneered the development of deep learning neural network software for NASA to use in planetary exploration, where processing power, battery life and communications are limited. Neurala’s neural network software uses a bioinspired approach to mimic the way the human brain learns and analyzes its environment. With the Neurala Brain, toys can learn to identify their owners, security cameras can identify specific threats, drones can diagnose problems at the tops of cell towers, and self-driving cars can be safer and learn to avoid obstacles.

“Motorola Solutions is constantly seeking ways to accelerate technology innovation for our public-safety and commercial customers, who work in demanding and often dangerous environments," said Paul Steinberg, chief technology officer (CTO), Motorola Solutions. “Neurala brings advanced deep learning capabilities that will enable us to further explore the potential of artificial intelligence to augment our customers' experiences at the edge. This has the power to do things like help police find a missing person faster or guide a field worker's maintenance activities by turning their body-worn camera into a sensor that can recognize actionable information in video and images — in real time at the edge.”

Would you like to comment on this story? Find our comments system below.



 
 
Post a comment
Name: *
Email: *
Title: *
Comment: *
 

Comments

No Comments Submitted Yet

Be the first by using the form above to submit a comment!

Site Navigation

Close