The world’s largest oil exporter and Saudi Arabia’s largest company, Aramco, has joined investors in funding China’s brain-computer interface platform, NeuraMatrix, Arab News reports.
NeuraMatrix, has closed $15.6 million Series A financing round led by Huagai Capital and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures, the media notes.
NeuraMatrix will use the fund to increase its research and development, speed its chip production and develop hardware and software for mass production in medical applications.
“The brain-machine interface is a powerful technology platform for brain science research, which can also improve the current state of central nervous system diseases,” said Di Liu, Huagai Capital’s vice president.
“We are very optimistic about the company’s deep cultivation of hardware technology, and its leading position in technology transformation and product landing in scientific research and industrial areas,” Liu added.
Launched in 2019, NeuraMatrix develops cutting-edge Brain-Machine Interface (BMI) technology to build a platform enabling information exchange between the brain and computer, according to its website.
Saudi Arabia’s Aramco invests in Chinese brain-computer interface platform NeuraMatrix
