Merge Labs

A brain-computer interface (BCI) startup that uses gene therapy and ultrasound for non-invasive implants

Analytics date: 26.09.2025

Basic information

Geography of business
United States of America
- United States of America
Geography of business

Analytics date: 26.09.2025

Industry analysis

China’s Brain Implant Startups Take On Musk’s Neuralink in New Tech Race

Once seen as a niche and futuristic concept, brain-computer interface technology has emerged as a new front in the high-stakes rivalry between the US and China.

A wave of biological privacy laws may be coming as tech gadgets capture our brain waves

Elon Musk’s Neuralink is the most famous example of how technology is being embedded with the human mind, but many consumer tech products not covered by medical regulation are also capturing brain waves, and the biggest tech companies in the market including Apple have filed patents for brain-sensing applications.

Elon Musk’s claims about brain implants for artificial vision get a reality check

The field of cortical sight restoration prostheses is making rapid progress with three clinical trials of visual cortical prostheses underway. However, as yet, we have only limited insight into the perceptual experiences produced by these implants.

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Competitor analysis

Leaders in the ratio of valuation to investment

The histogram shows the ratio of the company's value to the volume of investments received. The post-money estimate of the last round is taken as the cost of the company. The volume of investments is the amount of funds raised by the company during all rounds + debt financing. The histogram shows the coefficient obtained by dividing the value of the company by the amount of investments received by it. Accordingly, the higher the coefficient, the better: the less money the company needed to achieve its valuation. The companies on the histogram are arranged in descending order of the coefficient.

Growth rates of companies in the sector

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