Neurotechnology company Formats announced the completion of a 420 million RMB financing.

On July 3, the domestic brain-computer interface company Neuracle Technology announced the completion of a 420 million yuan angel+ round of financing. This round of financing was led by Huaying Capital, with participation from C Capital, Sequoia China, Blue Ocean Technology, Zhongdian Health Fund, Innovation Works, Lingang Science and Technology Investment, Fudan Furu Capital, Guotai Venture Capital, and other top domestic and foreign investment institutions. On the same day, the company's Shanghai headquarters in Minhang District officially opened in "Brain Intelligence World".