Nexstem India Private Limited

Based in Bengaluru, India, and founded in 2020 by co-founders Siddhant Dangi (CEO) and Deepansh Goyal (CTO), Nexstem India Private Limited operates as a provider of brain-computer interface solutions that allow for non-invasive control of technology through brain signals to researchers, developers, and consumers in multiple industries, including healthcare, gaming, and sports. In November 2024, Nexstem India Private Limited raised USD 3. 5 million in venture funding co-led by Info Edge Ventures, Zupee, and Smile Group, with participation from individual investors. Nexstem India Private Limited develops advanced brain-computer interface (BCI) solutions, with the Instinct headset as its core offering.

This non-invasive EEG device features a 19-channel active electrode system, intended for applications in neuroscience, healthcare, and consumer technology. The headset supports real-time EEG data interaction through customizable software, targeting markets in North America and Europe, with plans for expansion into Asia. Nexstem generates revenue through the direct sale of the Instinct headset, which is priced at USD 2,500. This pricing includes the headset along with a comprehensive software ecosystem.

Additional revenue is derived from subscriptions for advanced features and support services. The company is also focusing on new product development and aims to penetrate additional markets, particularly in Asia, by mid-2025, reflecting a strategy to increase its global footprint in the neurotechnology sector.