Neurolabs announced a €1 million pre-seed funding round, co-led by Lunar Ventures and Techstart Ventures.

Neurolabs, an Edinburgh, UK-based computer vision startup, announced that it raised a pre-seed investment round of €1 million ($1.1M).

The round was co-led by Lunar Ventures and Techstart Ventures and included contributions from a range of local investors including ID4 Ventures, 7percent Ventures, Charles Songhurst and Andreas Weise. Following the investment, Mick Halsband from Lunar Ventures will join the board of the company.

Money will be used to hire more people and create a business.

Neurolabs was founded in 2018 by Romanian Paul Pop in Cluj Napoca (Romania) and later moved to the UK. The company develops algorithms to visually interpret and understand images from cameras thusly accurately identifying and classifying objects of interest. The company aims to work with small and large customers to implement state-of-the-art computer vision applications with minimal incremental resources and costs  — no coding required, no tedious data labelling, no image gathering.