Bengaluru-based startup Nexstem has secured $3.5 million in a funding round led by InfoEdge, Zupee, Smile Group, Gruhas and more prominent investors. The funding highlights investor confidence in the ambitious vision of Nexstem and also signals a growing belief in the transformative potential of Brain-Computer Interface (BCI) technology.
Nextem was founded by Siddhant Dangi and Deepansh in 2020 and since then has set sights on a field that was once thought to be science fiction. The company aims to enable direct communication between brain and external devices with its flagship BCI suite named Instinct. It is envisioning a world where technology becomes an effortless extension of human thought and intent. BCIs hold unprecedented potential to address complex challenges like from restoring motor functions to expanding cognitive abilities. Nexstem is betting on such possibilities to change the nature of human-machine interaction.
Nexstem commitment on democratizing access to BCI technology makes the funding noteworthy. Its strategy suggests that they intend to lead in innovation and also to expand the reach as well as impact of neurotechnology.
The fresh capital is learned to allow Nexstem to enhance its product lineup, scale its IP portfolio and address the growing demand for BCI solutions. The planned launches over the next few years includes Nexstem Coin, EXG modules and tACS technology. All these are designed to integrate seamlessly with their current suite and propel their impact even further.
Investors are enthusiastic about the prospects of Nexstem. Vibhore Sharma from InfoEdge sees BCI as a revolutionary technology. He has praised the rapid progress of Nexstem in a field that is often characterized by lengthy development cycles. Abhijeet Pai of Gruhas aptly highlights the disruptive potential of Nexstem’s approach.
