Sunday, October 11, 2026
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Tag: funding

9 articles

Market Moves

Sabi raises $50 million for a brain-sensing baseball cap

Khosla Ventures has led a $50 million seed round in Sabi, a California startup building a baseball cap meant to turn imagined words and trained mental commands into text and instructions for AI assistants. Accel, Initialized Capital, former OpenAI chief product officer Kevin Weil, DST Global, Collaborative Fund and Ascend also invested, Sabi announced on 9 October 2026. Forbes put the valuation at $600 million, citing a person familiar with the deal. The cap is designed to read brain signals through hair with sensors built around a custom EEG chip, and to decode them with a model Sabi says was trained on more than 100,000 hours of labelled recordings. In April, Sabi said its first product would be a beanie available by the end of 2026. The cap will now debut as an early prototype at CES in January, and Forbes reported that it will not be available until 2027. Sabi has named no price and published no peer-reviewed results, and its only accuracy figure, up to 77 per cent, comes from a wired laboratory prototype.

Oct 11

Market Moves

Bridge Neurotech raises $13.5 million to build a brain-computer interface without surgery

Bridge Neurotech, a Silicon Valley start-up founded in 2026 by Will Biederman, came out of stealth on 6 October with $13.5 million from General Catalyst, reMind Capital, Sunflower Capital, Scott Sandell and others to build a wearable brain-computer interface that images brain activity with functional ultrasound through the skull. It has signed a multi-year research and development agreement to license Butterfly Network's Ultrasound-on-Chip technology, with payments for technology access and development milestones and commitments to buy Butterfly hardware; the value was not disclosed. Biederman co-founded the ultrasound research group Forest Neurotech, which signed a five-year, $20 million co-development deal with Butterfly in 2023. Forest's other two co-founders, Sumner Norman and Tyson Aflalo, went on to co-found Merge Labs, which signed its own Butterfly licensing deal on 1 September. Bridge's first research study, which is observational, is enrolling healthy adults and adults whose skulls were repaired with PEEK or Longeviti implants in Redwood City, California.

Oct 8

Market Moves

MintNeuro raises $5 million to supply purpose-built chips to neural device makers

MintNeuro, a London semiconductor company spun out of Imperial College London, announced a $5 million round on 7 October 2026 led by Odyssey Ventures, with 33East, JSK Investments and Alumni Ventures joining and Empirical Ventures, Jumpspace Ventures and other early investors investing again. It designs modular chips for neural sensing, signal processing and stimulation that device makers can build on in place of adapted general-purpose components or years of custom chip design. Its partners include Motif Neurotech, which announced a multi-year chip supply agreement with MintNeuro on 30 April for its depression implant, and Amber Therapeutics, whose co-founder Tim Denison chairs MintNeuro. The money will fund product launches, delivery of pre-release chips to partners, a larger team and a stronger US presence. MintNeuro's last disclosed equity round was £1 million in November 2024.

Oct 8