Nanochap, developer of the brain-computer visual interface, attracts 500 million yuan

Nano-core Chip, a developer of chips for artificial intelligence inference, based in Hangzhou, announced on October 28 that it raised over 1 billion yuan in its Series C2 funding round.

JianTou Investment led this round, with participation from Hangzhou Capital, Kaitai Capital, and other investors.

The company plans to use the raised funds for product development and preparation for mass production. Nano-core Chip was founded in 2021 and was incubated at the research institute of Peking University in Zhejiang Province.

The company creates chips that integrate three components: three-dimensional computing with near memory, in-memory computing, and RISC-V-based processing.

The company's product range is oriented towards both devices and cloud infrastructure. It was stated that the first three chips have passed the tape-out stage, and customer sample selection and initial volume shipments are planned for early 2027. This latest funding followed a Series C1 round of 1 billion yuan announced in September.

The Chinese startup NeuroXess, which specializes in brain-computer interfaces, has successfully raised 700 million yuan in its Series B funding round. The leaders of this round were SDIC Juli, Shenzhen Capital Group, and Qinzhi Capital.

The funds raised will be used to support clinical trials in several centers, submit regulatory applications, expand production capacity, and develop next-generation products.

NeuroXess creates implantable systems that combine flexible electrodes with wireless data and power transmission capabilities. This system is designed for decoding speech and movement, as well as controlling external devices.

The company reported that it has completed 65 clinical cases and launched a registration trial in July covering nearly 20 hospitals. Furthermore, NeuroXess is building a 14,300 square meter production complex, which is planned to ensure an annual output of 10,000 systems.

CubiFab, a company based in Shenzhen, has raised tens of millions of yuan in a new funding round. The investments came from Nanshan Strategic Emerging Industries Investment and Longhua Capital, as announced on October 23.

The company plans to use the funds to increase production volume and supply of its first product, the CubiFab C1. Furthermore, CubiFab intends to strengthen its supply chain and expand overseas sales channels.

The C1 model is a personal CNC workstation that allows users to manufacture metal parts directly on their desk. This system integrates process control and monitoring functions directly onto the device, simplifying tasks that previously required separate tools for design, processing, and setup.

The CubiFab team consists of former employees from companies such as Intel, Apple, DJI, Anker, and Bambu Lab, providing a combination of experience in industrial management and consumer hardware development.