Bian Xinzhi Technology Co., Ltd. (“Bian”) recently has announced the completion of the angel round of financing.
Bian is specializing in emotion recognition and wearable device interaction. It is engaged in the integrated work of emotion monitoring, intervention, and effect evaluation. The algorithm is applied to intelligent wearable devices to recognize emotions through wearable intelligent devices, and intelligent recommendations and matching corresponding psychological services are provided based on a person's specific emotional state.
According to Bian, its main products include emotional algorithms, intelligent wearable devices equipped with emotional algorithms, and a psychological service platform centered around emotional watches. By identifying different indicators and specific emotional states such as user stress, mood, and mental fatigue, matching corresponding psychological services such as meditation, exercise, and psychological assessment.
According to Deloitte, the global neuroscience market was worth USD 612 billion in 2022 and is expected to reach USD 721 billion by 2026, with a compound annual growth rate of 4.2%. This growth is driven by the increase in the number of patients with neurological diseases, the popularization of psychotherapy, and the enhancement of people's health awareness.
In addition to Bian, many companies are competing in the emotiona recognition algorithm market, such as Hengaigaoke (恒爱高科), EmoKit (翼开科技) in China, Affectiva, Sension, Kairos in the United States, Nviso in Switzerland, Sightcorp in the Netherland, SkyBiometry in Lithuania, Imotions in Denmark, and Beyond Verbal in Israel.
Haiyang Sun, founder of Bian, stated: “The mental health industry currently faces both opportunities and challenges. Although the market is not yet mature, the other side of the mind has found a key, a key that can open up new doors in the field of mental health, based on wearable devices for emotional recognition and intervention. “. “
This round of financing for Bian was exclusively invested by CAS Angel Fund (中科天使基金), this round of funds will mainly be used for the development of new products and market expansion.