Latest news with #BrainComputerInterface
Yahoo
6 days ago
- Business
- Yahoo
China Neuralink Rival Seeks Pre-IPO Funds at $1.3 Billion Value
(Bloomberg) -- BrainCo, a startup aiming to compete with Elon Musk's Neuralink, is in talks to raise funds at a valuation of more than $1.3 billion ahead of a potential initial public offering in Hong Kong or mainland China. PATH Train Service Resumes After Fire at Jersey City Station Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Seeking Relief From Heat and Smog, Cities Follow the Wind The company founded in 2015 by Harvard alumnus Han Bicheng is in negotiations to secure about $100 million in pre-IPO financing, people familiar with the matter said. The startup has begun preparing documents for a market debut, though it hasn't decided on venue or other details, the people said, asking to remain anonymous discussing private plans. BrainCo, or Zhejiang Qiangnao Technology Co., is one of 'Six Little Dragons' that garnered acclaim this year as among the country's most advanced technology innovators. Based in the affluent eastern city of Hangzhou like fellow dragon DeepSeek and e-commerce leader Alibaba Group Holding Ltd., BrainCo is developing bionic limbs and technologies for human brains to control computers. It isn't the only fledgling Chinese firm hoping to take on Neuralink. Earlier this year, Shanghai StairMed Technology raised 350 million yuan ($48.7 million) in Series B funding and launched the country's first clinical trial for invasive brain-computer interfaces, local media outlet Yicai reported. BrainCo's founder told the South China Morning Post in April he was exploring an expansion to Hong Kong. Discussions around financing and an IPO remain in flux and the details could change depending on market conditions. But BrainCo's financing underscores the growing investor interest in a new generation of startups aiming to shake up the tech sector and pioneer advances in spheres from artificial intelligence to robotics. Representatives for the startup didn't respond to a request for comment. China's largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country's startups in a signal of renewed attention on areas like AI. Together, they represent a wave of fundraising that hasn't been seen among Chinese VCs for years. It's unfolding as global investors reassess the country's startup landscape and broader economy, which are showing signs of revival after years of Covid-era stagnation and regulatory headwinds. Much of that resurgent interest can be traced to the rise of breakout AI stars like BrainCo, DeepSeek and Manus, which has galvanized local entrepreneurs. The Hangzhou Six also includes Game Science — developer of the hit game Wukong — Deep Robotics, Unitree Robotics and Manycore. AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Russia's Secret War and the Plot to Kill a German CEO Government Steps Up Campaign Against Business School Diversity What Happens to AI Startups When Their Founders Jump Ship for Big Tech How Podcast-Obsessed Tech Investors Made a New Media Industry ©2025 Bloomberg L.P.
Yahoo
06-02-2025
- Health
- Yahoo
Brain Computer Interface Technology Revolutionizing Healthcare, Communication, and Gaming Sectors
Brain Computer Interface Market Dublin, Feb. 06, 2025 (GLOBE NEWSWIRE) -- The "Brain Computer Interface Market Size, Share & Trends Analysis Report By Product, By Application, By End-use, By Region, And Segment Forecasts, 2025 - 2030" report has been added to global brain computer interface market size is anticipated to reach USD 6.52 billion by 2030. The market is projected to grow at a CAGR of 18.15% from 2025 to 2030. Brain Computer Interface (BCI) is a revolutionary technology that facilitates direct contact between peripheral electronic devices calibrating the movement and a functional brain in physically challenged people. This system records the brain signal from the sensors that are placed over the scalp or devices implanted in the growth is anticipated to be driven by continuous developments in medical sensors and computational biology. In addition, increasing R&D pertinent to the development of treatment options for chronic conditions, such as cerebrovascular diseases, sleep disorders, brain disorders, and fatal injuries, is further contributing to the market growing R&D investments and the presence of government projects, such as DECODER (European project that used BCI to detect consciousness in non-responsive patients), coupled with the rising focus of major market players on emerging economies, such as Japan and China, are expected to propel market growth over the forecast period. The ongoing technological advancements in the field of virtual reality and increasing applications of BCI in the communication, gaming, and entertainment industry are some of the key contributors to the market growth. The technology encompasses a wide array of applications designed to revolutionize the communication, automation, security, and entertainment experience. Brain Computer Interface Market Report Highlights In terms of revenue, the non-invasive BCI segment dominated the market with the largest revenue share of 85.94% in 2024. Technological advancement and increased usage in gaming and entertainment are acting as the key growth contributors for this segment. On the basis of application, healthcare was the largest revenue-generating segment in 2024. Wide application of BCI technology in the treatment of sleeping disorders, Alzheimer's, and Parkinson's is a vital factor contributing to the segment growth. The military segment is expected to register the fastest CAGR over the forecast period owing to increased application of BCI in war zones. Asia Pacific is expected to exhibit the fastest CAGR over the forecast period. An increase in disposable income and low-cost manufacturing sites will fuel the regional market growth in the coming years. The BCI is an emerging technology that is currently at a nascent stage; however, the increasing interest among researchers in collaboration with the government is expected to fuel market growth. Why should you buy this report? Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments. Competitive Landscape: Explore the market presence of key players worldwide. Future Trends: Discover the pivotal trends and drivers shaping the future of the global market. Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions. This report addresses: Market intelligence to enable effective decision-making Market estimates and forecasts from 2018 to 2030 Growth opportunities and trend analyses Segment and regional revenue forecasts for market assessment Competition strategy and market share analysis Product innovation listing for you to stay ahead of the curve Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $2.44 billion Forecasted Market Value (USD) by 2030 $6.52 billion Compound Annual Growth Rate 18.1% Regions Covered Global Key Topics Covered: Chapter 1. Research Methodology and ScopeChapter 2. Executive Summary 2.1. Market Outlook2.2. Segment Outlook2.3. Competitive InsightsChapter 3. Brain Computer Interface Market Variables, Trends & Scope 3.1. Market Dynamics3.2. Brain Computer Interface Market Analysis Tools3.2.1. Industry Analysis - Porter's3.2.2. PESTEL Analysis3.2.3. COVID-19 Impact Analysis3.2.4. Case StudiesChapter 4. Brain Computer Interface Market: Product Estimates & Trend Analysis 4.1. Product Type Market Share, 2024 & 20304.2. Segment Dashboard4.3. Global Brain Computer Interface Market by Product Type Outlook4.4. Invasive BCI4.5. Partially Invasive BCI4.6. Non Invasive BCIChapter 5. Brain Computer Interface Market: Application Estimates & Trend Analysis 5.1. Indication Market Share, 2024 & 20305.2. Segment Dashboard5.3. Global Brain Computer Interface Market by Indication Outlook5.4. Healthcare5.5. Smart Home Control5.6. Communication and control5.7. Entertainment & GamingChapter 6. Brain Computer Interface Market: End Use Estimates & Trend Analysis 6.1. End Use Market Share, 2024 & 20306.2. Segment Dashboard6.3. Global Brain Computer Interface Market by End Use Outlook6.4. Medical6.5. Military6.6. OthersChapter 7. Brain Computer Interface Market: Regional Estimates & Trend Analysis, By Product, By Application, By End Use 7.1. Regional Market Share Analysis, 2024 & 20307.2. Regional Market Dashboard7.3. Global Regional Market Snapshot7.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030:Chapter 8. Competitive Landscape 8.1. Recent Developments & Impact Analysis, By Key Market Participants8.2. Company/Competition Categorization8.3. Key company market share/position analysis, 20248.4. Company Profiles Medtronic medical engineering Natus Medical Incorporated Compumedics Neuroscan Brain Products Integra LifeSciences Advanced Brain Monitoring EMOTIV NeuroSky ANT Neuro NIRx Medical Technologies Ripple Neuro. Neuroelectrics OpenBCI COGNIONICS (CGX) Blackrock Neurotech Synchron Neurable For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Brain Computer Interface Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
