Niantong Intelligent raises ¥100M Series A for brain-signal rehab tech

What's the deal? Niantong Intelligent Technology has raised nearly 100,000,000 CNY (about $14.7 million) in a Series A round. STAR Market-listed Jiaocheng UltrasonicDealroom has a profile for this one. Try Dealroom → (688392.SH) led the round, with Shanghai Minjintou and Lingang Shuke joining as co-investors.

What does it do? Spun out of Shanghai Jiao Tong University in 2016, the company develops products across electroencephalography (EEG), electromyography, near-infrared, and electrical stimulation technologies. It targets brain science, rehabilitation medicine, neural diagnostics, and human-factors engineering.

What's the money for? Niantong will spend the funds on the commercial rollout of its core product, eCon-Hand, and on developing a full-cycle stroke rehabilitation product line. It also plans to upgrade core technology and production capacity.

The signal: A listed industrial firm leading a brain-computer interface deal points to growing corporate appetite for China's neurotech and rehabilitation market.

Read more: ITjuzi

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