Neurable Boston, Massachusetts
Boston noninvasive BCI company. Embeds EEG sensors and patented Neurable AI signal processing in consumer wearables (MW75 Neuro headphones) to measure focus, fatigue and cognitive recovery, and licenses the stack into other OEM wearables. Spun out of the University of Michigan Direct Brain Interface Lab. Co-founded by Ramses Alcaide (CEO) and Adam Molnar (COO).
Founded 2015
team@apexlogos.ai · 21 days ago
RELATED team@apexlogos.ai · 27 days ago
Research memo 2026-09-09. Schema-fit records: company Neurable; $35M Series A 2025-12-19 (round 10551) led by Spectrum Moonshot Fund (investorId 1593) with Pace Ventures (1594, role Marius Swart 3032); $13M 2024-05-07 (round 10552) from Ultratech (1595), TRAC (1596), Pace Ventures (1594), Metaplanet (1597). Founders Ramses Alcaide (CEO, 3281/role 3023) and Adam Molnar (COO, 3287/3029). Mauro Guebeli (28) quoted for Spectrum Value Management; not a personal check.
Listings
- Site https://www.neurable.com/ and about https://www.neurable.com/about (founded 2015; 2011 UM signal-processing origin)
- LinkedIn https://www.linkedin.com/company/neurable (Boston, 11-50, founded 2015)
- PitchBook 165938-05: Series A3 $35M 19 Dec 2025; 43 investors; HQ 45 Bromfield St, Boston
- Caplight: Series A 19 Dec 2025; Series A Extension 7 May 2024; earlier Series A 17 Dec 2019; seeds 2017 and 2016
- CBInsights: $63.07M / 22 rounds; latest labeled Series A-V $35M 19 Dec 2025
- Dealroom: UM spinout 2015; $13M May 2024 Pace/Metaplanet/Ultratech/TRAC; $35M Dec 2025
Materials
- Business Wire 2025-12-19 Series A (Wayback 20251219152603): $35M led by Spectrum Moonshot Fund (s-vm.com); total $65M; Mauro Guebeli (Spectrum Value Management) and Marius Swart (Pace) quoted. Does not name Ultratech, TRAC, Metaplanet, or EP-GB. https://www.businesswire.com/news/home/20251219993709/en/Neurable-Raises-%2435-Million-Series-A-to-Accelerate-Deployment-of-Everyday-Brain-Computer-Interface-Technology
- Healthcare IT Today reprint 2026-01-09 of the same release.
- Business Wire 2024-05-07: additional $13M from Ultratech Capital Partners, TRAC, Pace Ventures, Metaplanet; >$30M raised to date. https://www.businesswire.com/news/home/20240507057095/en/Neurable-Inc.-Raises-%2413M-Paving-the-Way-for-Brain-Computer-Interface-Technology-in-Everyday-Products
- TechCrunch 2026-04-28 Lucas Ropek: licensing platform so OEMs can drop AI-powered EEG into headphones, hats, glasses, headbands while keeping design/UX/distribution. Interview with Ramses Alcaide: scale like heart-rate on the wrist; HIPAA-style encryption/anonymization; train only with consent. Partnerships HP HyperX (CES 2026 gaming headset) and iMotions. https://techcrunch.com/2026/04/28/bci-startup-neurable-looks-to-license-its-mind-reading-tech-for-consumer-wearables/
- Business Wire 2026-04-28 "Open for Business" licensing launch; Adam Molnar promoted to COO; Reid Van Gorder CFO; Eugene Goldberg VP BD; James Flynn VP Product; board Paul Leggett (Mithril) and Luis Sentis.
- Neurofounders 2026-09-07: Arctop now works with Neurable MW-75 EEG headphones (product use, not a round). https://www.neurofounders.co/articles/inside-the-frontier-of-brain-foundation-models
- Pace essay: https://paceventures.com/articles/why-we-invested-in-neurable
Series A vs prior rounds
- Canonical Series A is 2025-12-19 / USD 35000000, lead Spectrum Moonshot Fund, existing participant Pace Ventures. Company says this brings total to $65M.
- Prior disclosed equity: 2024-05-07 / USD 13000000 from Ultratech, TRAC, Pace, Metaplanet (not labeled Series A in the PR). Do not merge this into the Dec 2025 round.
- Aggregators also list ~$6M Dec 2019 Series A (M Ventures / Loup / PJC / Innospark), ~$2M Dec 2016 seed, 2017 seed, plus USAF/Army/NSF grants. Those were not added: incomplete primary-source investor lists and mixed round labels (PitchBook "Series A3", CBInsights "Series A-V").
- Imported firm records for Ultratech, TRAC, Metaplanet, EP-GB were tagged as Series A Dec 2025 from the Business Wire URL. Full Wayback text does not list them on that round. Ultratech/TRAC/Metaplanet belong on the 2024 $13M. EP-GB has no independent confirmation.
Licensing thesis
- Productized cognitive sensing (focus, fatigue, recovery, intent-adjacent metrics) rather than open-ended thought decoding. Beachhead: Master & Dynamic MW75 Neuro / Neuro LT headphones plus app.
- April 2026 shift: license Neurable AI into third-party wearables (HyperX, hats/glasses/headbands). Alcaide: make BCI as ubiquitous as wrist HR. Dual-use: consumer wellness/gaming plus AFRL/DoD contracts (~$5M cited in 2024 coverage).
- Distinct from Neuralink-class implants and from EEG foundation-model plays (Arctop/Piramidal/nubrain): more OEM/reference-design than research API.
Team (founders added; others noted)
- Ramses Alcaide — Co-Founder & CEO. LinkedIn https://www.linkedin.com/in/pharoramses
- Adam Molnar (Forbes: Adam Eizenberg-Molnar) — Co-Founder & COO (was VP Strategic Partnerships at Series A). LinkedIn https://www.linkedin.com/in/adammolnar1
- About-page execs not added as investor records: Reid Van Gorder (CFO), Lindsay Nie (VP Eng), Eugene Goldberg (VP BD), Avi Horowitz (Lead PM), David Stanley (Technical Director AI/ML), plus research/firmware/hardware staff.
- Advisors on site (David Eagleman, Earl K. Miller, Gloria Mark, Darin Dougherty) — titles garbled on the page; not added.
Not confirmed — do not add
- EP-GB (investorId 1598): dataset claimed Series A from Business Wire; full release does not name it. Firm record reused, no participation written.
- Ascendo Venture Capital: Neurable LinkedIn ~Jun 2025 announced a strategic investment; CBInsights places Ascendo on the Dec 2025 Series A-V. No primary source that Ascendo closed into the $35M. No firm record created.
- Spectrum Value Management (1627) vs Spectrum Moonshot Fund (1593): lead vehicle is Moonshot Fund (s-vm.com). SVM is the manager; Mauro Guebeli quoted. Do not double-count SVM as a second check. Mauro's role is at SVM so it cannot attach to the Moonshot participation.
- Individual check sizes and post-money: undisclosed.
- SpaceshipDAO on VCPedia Series A list: no corroboration.
- USTechTimes claim that Ultratech/TRAC/Metaplanet "reaffirmed support" on Series A: weaker than participation; not written onto round 10551.
Schema gaps
- Rounds 10551 and 10552 stored as companyText "Neurable" (companyId null) so parent can set companyId=Neurable.
- Round type/series label is not a field; both are amount+date only. 2024 round is an extension/undisclosed; 2025 is branded Series A.
- Grants (USAF $1.2M Jun 2025, Army $1.89M Aug 2024, NSF, DoD contracts) are not equity rounds.
- University of Michigan / AFRL / iMotions / HyperX / Master & Dynamic / MeSpace / Healthspan Digital are partners or origin labs, not investors.
- InnosparkVentures (1709) is on the company "Valued Investors" logos and 2019 aggregator lists; no participation added without a dated primary source.
- Firm display names: Ultratech vs Ultratech Capital Partners; EP-GB vs unknown legal name. SHOW MORE
Adam MolnarCo-Founder and COO
Ramses AlcaideCo-Founder and CEO