NexStem, a startup which creates non-invasive robotics controlled by the user’s thoughts, has announced the general availability of its new headset and software products; which it says address a critical next step in inserting the human into the metaverse.
The firm says it has “cracked the code on improving the quality of the electroencephalography (EEG) signals harnessed” by brain-computer interfaces (BC).
It has also received an undisclosed cash injection from investors BITS Spark Angels, InfoEdge Ltd, Maninder Gulati, plus other angel investors.
The funds will be used to drive the company’s growth and provides validation of this nascent field and technologies.
The funding will facilitate the general availability of its headsets to the US, European, and Asia/Pacific markets – as well as funding future research and development of its headsets and Wisdom-SDK software.
Recent research estimates that the global market for BCI devices will grow from US$1.9bn in 2021 to US$3.3bn by 2026.
Further accelerating this growth is the fact that BCI use cases are growing from rudimentary health and static virtual reality applications to more immersive all-encompassing experiences.
Siddhant Dangi, CEO, NexStem, said: “We are creating the link between the EEG signal received by our headsets to the software needed to process and map this data to a multitude of applications”, said Siddhant Dangi, CEO, NexStem.
“What differentiates us from other BCI providers is that, we provide the means for people to seamlessly communicate with machines through technologies that unlock the power of the human brain, to control actions and devices through thought.Our holistic approach to developing BCIs ensures we aren’t limited to a niche market. The funding we have received is validation not only of our technology, but that this is a market just waiting to break out into the mainstream.
“At NexStem, we are exploring the limitless use cases of BCIs in VR (virtual reality), mental health, and everyday use cases – paving the way for the human to become part of the Internet and the metaverse.”
The NexStem headset is non-invasive, with strategically placed electrodes providing optimum coverage of brain signals, low electrode-skin impedance, and low noise interference, key to clear and accurate signal capture.
When coupled with its Wisdom Software Development Kit (Wisdom-SDK), users can perform real-time analysis of EEG signals and build interfaces to gain insights from the data supplied by different cortexes in the brain.
NexStem Wisdom SDK enables developers to build complex machine learning algorithms used in real-time. This has been achieved by using GPUs in its algorithms that allow NexStem to make much quicker computations and calculations across EEG data.
“The biggest challenges facing BCIs today is that they are invasive, unwieldy, or ineffective, and building applications for them is difficult,” said Deepansh Goyal, CTO, NexStem.
“We are unlocking the power of neural data ethically and responsibly through EEG analysis for medical and non-medical applications, stripping away BCI barriers to entry. NexStem does this by providing researchers, developers, and medical scientists with the tools needed to access quality EEG data they can transform into both medical and non-medical applications and use cases.
“Our goal is to help unlock the human brain and improve quality of life for all. Our vision is to become a complete toolkit for all the biosignals a body produces, and we continually develop new solutions to support this.”
