“杭州六小龙”，又将跑出一个IPO

Core Insights - Strong Brain Technology, a brain-computer interface company, is negotiating a pre-IPO financing of approximately $100 million at a valuation exceeding $1.3 billion, potentially paving the way for an IPO in Hong Kong or mainland China [1][2][14] - The company is part of the "Six Little Dragons of Hangzhou," which are rapidly rising tech firms in fields like robotics and artificial intelligence, with Strong Brain Technology being a representative in the brain-computer interface sector [3][15] - The founder, Han Bicheng, is recognized for his innovative approach and is often compared to Elon Musk, as both companies are leaders in their respective non-invasive and invasive technology routes [3][14] Company Overview - Strong Brain Technology was founded in 2015 by Han Bicheng, who was inspired by Nobel laureate Linda Buck's work on olfaction during his time at Harvard [6][7] - The company focuses on non-invasive brain-computer interface technology, aiming to impact a wide range of diseases and improve the quality of life for many individuals [7][14] - The company has successfully developed a smart prosthetic hand that allows users to control each finger independently, marking a significant advancement in brain-computer interface technology [13][14] Market Position - Strong Brain Technology has completed approximately $300 million in financing, making it one of the largest unicorns in the brain-computer interface field alongside Neuralink [14] - The company’s latest generation of smart prosthetic hands has received FDA approval and is now available in the U.S. market, showcasing its global reach and technological advancements [13][14] Industry Context - The "Six Little Dragons of Hangzhou" collectively have a valuation exceeding 300 billion yuan, representing a significant force in the tech industry [18] - Other companies in this group, such as Qunhe Technology and Yushu Technology, are also pursuing IPOs, indicating a competitive landscape for tech firms in Hangzhou [4][19] - The involvement of Hangzhou Capital in funding multiple companies within this group highlights the supportive ecosystem for tech innovation in the region [22][24]