The BrainPatch team has made remarkable strides since our May/June 2023 feature. Their e-meditation device is now fully certified and sold in multiple markets, with European approval expected any day. New funding rounds—bolstered by angel investors and a major partnership with US VC group Big Sky—have provided the resources to refine production. A strategic manufacturing alliance with UK-based Garner Osbourne ensures the quality and capacity needed for the next phase.
CEO & Founder Nickolai Vysokov recalls the toughest challenges: navigating complex certification processes and overcoming global chip shortages. Now, BrainPatch is on the brink of breaking even and ready to fulfill growing orders from retailers.
What’s next?
Close the current fundraising round.
Scale up manufacturing and operations.
Secure licensing deals with major industry players.
“After that, it’s just scale, scale, scale.” Vysokov concludes.
Source: https://magazines.startupsmagazine.co.uk/view/722397255/34/