Neurala Announces New 1.2-Million Investment Round

BOSTON, MA – June 2, 2016 – Neurala, Inc., a creator of artificial intelligence, deep learning software for robots, drones, self-driving cars, toys, consumer electronics, and smart devices (ioT), today announced that it has completed a 1.2-million round of financing lead by the fund run by well-known venture capitalist Tim Draper, Draper Associates Investments, LLC, and by Haiyin Capital, a Beijing-based venture capital firm. This second round of financing brings the total external investment in Neurala to 2 million. Haiyin Capital is a new investor in Neurala. The firm actively invests worldwide in technology teams whose innovations are, in their opinion, poised for global impact. In addition to their financial investment in Neurala, Haiyin will provide access to its network of OEM and technology companies in China.