Deep-tech startup Nexstem raises $3.5 Mn

Deep-tech startup Nexstem has raised $3.5 million in its latest funding round, co-led by InfoEdge, Zupee, Smile Group, and Nikhil Kamath & Abhijeet Pai's Gruhas.

The funds will be used to scale its latest product ecosystem, expand its IP portfolio, and accelerate the deployment of biosignal infrastructure with an advanced Brain-Computer Interface (BCI) suite, according to a press release from Nexstem.

Co-founded in 2020 by Siddhant Dangi and Deepansh Goyal, Nexstem develops cutting-edge, non-invasive BCI solutions aimed at making BCI technology accessible and empowering researchers, clinicians, and developers to innovate and explore new frontiers in brain-computer interaction.

The Bengaluru-based company's BCI product suite, Instinct, leverages a unique AI-powered onboard compute module that supports the analysis of various biosignals from the human body. BCI technology enables direct communication between the human brain and external devices. 

Nexstem Instinct is designed as a development kit (devkit) to help researchers, academics, and innovators overcome the complexities involved in implementing and refining proof-of-concept (POC) use cases in BCI technology.

The AI-powered ecosystem of Nexstem Instinct delivers a comprehensive, end-to-end platform that integrates hardware, SDKs, APIs, and real-time biosignal algorithms. The company claims its technology has received recognition from prominent industry leaders, including Microsoft for Startups, NASSCOM, VIVA Tech Paris, and others.