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Originally published:

China's Nanochap, which builds brain-computer interfaces to restore vision, raises RMB 500 million

Hangzhou-based Nanochap closed a RMB 500 million Series C+ round led by Gaorong Ventures, its second this year. Its 320-channel retinal interface is in clinical trials, and three participants have received implants.

China's Nanochap, which builds brain-computer interfaces to restore vision, raises RMB 500 million
Image: TechNode

Hangzhou-based Nanochap, which develops brain-computer interfaces for vision restoration, announced a RMB 500 million (about $70 million) Series C+ round on November 3. Gaorong Ventures led the round, with participation from investors including PICC Equity, Monolith and C&D Emerging Industry Investment. It is the company's second round this year and brings its total funding to RMB 1 billion.

Founded in 2014, the company develops neural chips and implant systems along two paths: stimulating the retina and directly stimulating the brain's visual cortex. According to the company, its 320-channel retinal interface has entered clinical trials, and three participants have received implants.

A separate 1,280-channel visual-cortex interface is still under development, with clinical validation planned. The company has not published results from the clinical trial.

Sources

TechNode Visual brain-computer interface developer Nanochap raises RMB 500 million Nanochap, a Hangzhou-based developer of brain-computer interfaces for vision restoration, announced RMB 500 million in Series C+ funding on November 3. technode.com

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