Neiry, a Russian neural technology start-up, has recently raised $7.3m to develop and commercialize neural interfaces that would make it possible to use the power of brain activity to control computers, Vc.ru reported.

Most of the money came from Russia’s Fund for Support of National Technology Initiative Projects; a group of private investors brought the rest. The start-up claims its post-money valuation has been estimated at $32.4m.

Neiry is developing neural technology and is seeking to commercialize brain-computer interface based products for sectors such as education, entertainment, industry, medicine, and personal use. The start-up is reportedly working on two algorithms; one is expected to gauge a person’s cognitive resources and the other would aim to link up the brain and the computer. Data collected in the process will be stored in a de-personalized form.

Earlier this year Neiry launched three pilot projects in Moscow, Kazan (mid-Volga region), and Leningrad Oblast outside St. Petersburg. During the projects schoolchildren tested VR headsets with built-in interfaces and then underwent testing on high school disciplines.

The start-up has plans to expand internationally. It already operates in the U.S., Singapore, and Kazakhstan.