About Nexstem
Nexstem is a Technology company based in Bengaluru (India) founded in 2020 by Siddhant Dangi and Deepansh Goyal. Non-invasive BCI solutions for EEG data are developed by Nexstem. Nexstem has raised $6.23 million across 4 funding rounds from investors including Info Edge, Zupee and Infinyte Club. Its chief executive, as recorded, is Siddhant Dangi. Its Indian entity Cortex Technologies Private Limited reported revenue of ₹50.6 Lakh. Nexstem offers products and services including Instinct Headset, Instinct OS, Instinct Apps, and Instinct SDK and APIs. Its focus areas include High Tech, Brain Computer Interface, Non Invasive Interface and Wearable Technology.
Company details
Nexstem was founded in 2020 in Bengaluru, India, within the neurotechnology sector. Non-invasive brain-computer interface solutions are developed, featuring headsets and a software ecosystem for EEG data recording, visualization, and analysis. Device interaction via brain signals is enabled, with applications in healthcare, consumer wearables, gaming, and sports. Tools for researchers and developers include a custom operating system, pre-bundled applications, SDKs, and APIs.
- Headquarters Bengaluru, India
- Founders Siddhant Dangi, Deepansh Goyal
- SectorsTechnology
- Email••••••••
- Website nexstem.ai
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Cortex Technologies Private Limited
- Date of Incorporation 29 Jan, 2020
- Jurisdiction Gurugram, Haryana, India
- Annual Revenue₹50.6 Lakh
FY 2024 · -83% YoY
- Net Loss-₹2.62 Cr
FY 2024 · -518% margin
- EBITDA-₹2.42 Cr
FY 2024 · -479% margin
- Total Equity Funding$6.23M (USD)
in 4 rounds
- Latest Funding Round$2.73M (USD), Seed
Apr 2025
- InvestorsInfo Edge
& 19 more
Associated legal entities of Nexstem
Nexstem is associated with 2 registered companies on The Company Check; the primary company is Cortex Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cortex Technologies Private Limited CIN U33119HR2020PTC085020 | Active | 29 Jan 2020 | Gurugram, Haryana | ₹0.5 Cr | 2 | View details | |
| Nexstem India Private Limited CIN U26600HR2023PTC112338 | Active | 06 Jun 2023 | Gurgaon, Haryana | ₹0.9 Cr | 25 | 2 | View details |
Products & Services of Nexstem
Nexstem offers a comprehensive portfolio of products and services, including Instinct Headset, Instinct OS, Instinct Apps, and Instinct SDK and APIs.
EEG headset for recording and analyzing brain signals in real time.
Operating system for on-device bio-signal processing and analysis.
Tools for collecting and decoding bio-signals for research purposes.
Software kits for integrating BCI hardware into custom applications.
Apps and channels of Nexstem
its YouTube channel Nexstem has 124 subscribers and 17 videos.
Videos from Nexstem
The most watched videos on Nexstem's YouTube channel, Nexstem (124 subscribers). Click a video to play it here.
More on Nexstem.
Funding Insights of Nexstem
Nexstem has successfully raised a total of $6.23M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.73 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.23M
- Total Rounds 4
- Last Round Seed — $2.73M
- Investors Count 20
All 4 funding rounds of Nexstem with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $2.73M | Seed | – | Amal Parikh, RedStart Labs | |
| Nov 2024 | $3.5M | Seed | – | Info Edge, Zupee | – |
| Mar 2022 | Seed | – | Info Edge | ||
| Aug 2020 | Seed | – | HostelFund |
20 investors in total: 12 institutional and 8 angel.
Investors in Nexstem
Nexstem has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Info Edge, Zupee and Infinyte Club.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Smile Group is engaged in investing, building, and partnering with disruptive founders across Asia. | smile.group | Gurugram, India | ||
| bits-spark.com | ||||
A platform offering funding, mentorship, and partnerships for student startups. | 2020 | hostel.fund | Gurugram, India | |
Backing startups in science and technology as a subsidiary of InfoEdge. | 2020 | redstartlabs.in | , India | |
Venture capital firm investing in technology-driven innovations and partnerships in India. | 2021 | gruhas.com | Bengaluru, India | |
Public and private equity investments are managed across multiple sectors. | ||||
A multi-group online classifieds company operating across diversified sectors | 1995 | infoedge.in | Delhi, India | |
Private market investment access and ESOP management solutions are provided. | 2021 | infinyte.club | Bengaluru, India | |
Investor details for Nexstem
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Cortex Technologies Private Limited (Nexstem)
Cortex Technologies Private Limited is the primary company behind Nexstem. The boards of the 2 registered companies of Nexstem currently have 2 directors; the longest-serving is Deepansh Goyal, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepansh Goyal DIN 08682549 | Director | 29 Jan 2020 | 6 yrs 9 mo | Cortex Technologies Private Limited, Nexstem India Private Limited |
| Siddhant Dangi DIN 08682550 | Director | 29 Jan 2020 | 6 yrs 9 mo | Cortex Technologies Private Limited, Nexstem India Private Limited |
People of Nexstem
2 people are tracked at Nexstem (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for Nexstem
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Nexstem
Figures of Cortex Technologies Private Limited, the primary company behind Nexstem, for FY 2024. Revenue was ₹50.6 Lakh (-83% year on year). Net loss was -₹2.62 Cr (-518% margin). EBITDA was -₹2.42 Cr (-479% margin). Revenue has grown at a compounded annual rate of +10% over three years.
- ₹50.6 LakhRevenue · FY 2024 · -83% YoY
- -₹2.62 CrNet loss · -518% margin
- -₹2.42 CrEBITDA · -479% margin
- ₹1 LakhPaid-up capital
- +10%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Cortex Technologies Private Limited are on its company page.
Detailed financial statements for Nexstem
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Nexstem
3 dated milestones of Nexstem across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Nexstem is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $2.7M.
Web traffic of Nexstem
The website of Nexstem (nexstem.ai) receives about 6.3K visits a month.
- Monthly visits6.3K
▲ 4.2% vs previous month
Websites whose visitors overlap most with Nexstem. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| linkedin.com | 100% | 1.9B | #18 | View details | |
| nextsilicon.com | 100% | 11.4K | #1,813,414 | View details | |
| google.com | 99% | 85.8B | #1 | View details |
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Related news about Nexstem
Complete news archive for Nexstem
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- Full article archive
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Verified entity values are shown only after access is granted.
Frequently Asked Questions about Nexstem
Nexstem was founded in 2020.
Nexstem is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Siddhant Dangi is the CEO of Nexstem, as recorded in our data. They have also founded this company.
Nexstem is a funded company, having raised a total of $6.23M across 4 funding rounds to date.
The primary company behind Nexstem, Cortex Technologies Private Limited, reported revenue of ₹50.6 Lakh for FY 2024, down 83% year on year.
Nexstem was founded in 2020 in Bengaluru, India, within the neurotechnology sector. Non-invasive brain-computer interface solutions are developed, featuring headsets and a software ecosystem for EEG data recording, visualization, and analysis. Device interaction via brain signals is enabled, with applications in healthcare, consumer wearables, gaming, and sports. Tools for researchers and developers include a custom operating system, pre-bundled applications, SDKs, and APIs.
Nexstem offers Instinct Headset, Instinct OS, Instinct Apps, and Instinct SDK and APIs.
Nexstem has 20 investors. Key investors include Info Edge, Zupee, Infinyte Club, RedStart Labs, and Gruhas.
Nexstem is associated with 2 legal entities: Cortex Technologies Private Limited, Nexstem India Private Limited.
The legal entities of Nexstem currently have 2 directors, including Deepansh Goyal, Siddhant Dangi.