Neurala Announces 2024 Year in Review: A Year of Growth and Innovation
Boston, MA — January 2025 — Neurala's 2024 was a year defined by strong growth in revenue, new strategic partnerships, and technical and product innovation. As the global AI in computer vision market is expected to grow to $95 billion by 2027, Neurala continues to lead the way thanks to its technology leadership and the ability to solve real-world challenges through its patented edge AI technology.
“This has been a year of leadership consolidation and growth in partnerships. The launch of Cascade in our Neurala VIA flagship product has not only advanced the capabilities of edge AI but also reinforced our commitment to empowering developers and manufacturers worldwide. On the revenue side, our growth alongside trusted and leading partners makes us look ahead to 2025 with confidence: Neurala will continue to shape the future of AI and create lasting impact across industries,” said Massimiliano Versace, CEO of Neurala.
Strong growth in revenues and partnerships
Neurala’s growth in 2024 has been very strong, doubling its annual revenue with a 107% year-over-year increase, a reflection of both the strong market adoption of our AI vision solutions and successful execution of our go-to-market strategy, particularly in the manufacturing and industrial sectors where our Cascade and VIA platforms have gained significant traction. Established (Sony Semiconductor Solutions) and new (Lattice Semiconductor) partnership have enabled Neurala to expand the adoption of edge AI technologies. Leveraging Lattice’s low-power FPGA technology, this partnership aims at accelerating the delivery of scalable, energy-efficient, and privacy-conscious AI solutions.
Breakthrough technical and product innovations
At Vision Stuttgart, Neurala unveiled Cascade, a revolutionary feature that simplifies and optimizes AI model deployment for real-time edge applications. Cascade allows manufacturers to create complex inspection workflows while maintaining the hallmark efficiency and ease of use of Neurala’s VIA software.
At its core, Neurala’s patented L-DNN technology leads the industry, minimizing resource requirements and supporting edge-based AI processing, and enabling sustainable AI deployments. This approach reduces energy consumption and carbon footprints, aligning with global ESG priorities, and enables customers to implement advanced AI directly at the compute Edge, where data is generated and inspections are needed.
Aishwary Jagetia, Neurala’s Director of Research and Development, was honored at the National Scientists Roundtable Conference (NSRTC) 2024 for his pioneering contributions to AI research. This accolade underscores Neurala's commitment to advancing the field of artificial intelligence.
Looking ahead to 2025
Building on the momentum of 2024, Neurala will continue to lead the next wave of AI innovation. With a focus on delivering adaptable, efficient, and privacy-respecting AI solutions, Neurala is committed to driving growth, efficiency, quality and sustainability across industries.
About Neurala:
Founded in 2006, Neurala is a pioneer in vision AI software, driving innovation to make AI more applicable and beneficial in real-world applications. Neurala aids industrial companies in enhancing their quality inspection processes, offering technology that significantly reduces the time, cost, and expertise required to develop and maintain high-quality custom vision AI solutions. Neurala's research team invented Lifelong-DNN™ (L-DNN) technology, which minimizes the data requirements for AI model development and enables continuous learning in the cloud or at the edge. Today, Neurala's technology is deployed globally across various industries, including industrial, drone, robotics, and smart devices.
Stay informed about Neurala's latest developments by following us on Twitter (@Neurala), Facebook, YouTube, and LinkedIn, or subscribe to our blog. For a deeper insight into Neurala’s vision AI software, we invite you to request a virtual demo.
Businesswire Release: https://www.businesswire.com/news/home/20250113990165/en/Neurala-Announces-2024-Year-in-Review-A-Year-of-Growth-and-Innovation
Contact
Paul Covelle
Marketing Manager
781-960-3859