Neiry, a Russian neural technology start-up, is eyeing ways to commercialize its neural interfaces that would make it possible to use the power of brain activity to control computers.
Neiry is working on brain-computer interface based products for sectors such as education, entertainment, industry, medicine, and personal use. There are two algorithms to focus on; 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.
This past spring Neiry raised $7.3m from a public-private investor partnership. The start-up claimed at that time that its post-money valuation had been estimated at $32.4m.