Home Shenfu Jianxing Completes Over RMB 300 Million Series Angel Financing Within One Year of Establishment, Aiming to Serve 4 Million Spinal Cord Injury Patients

Shenfu Jianxing Completes Over RMB 300 Million Series Angel Financing Within One Year of Establishment, Aiming to Serve 4 Million Spinal Cord Injury Patients

May 27, 2026 09:35 CST Updated 09:35
wiraxon

Brain-Computer Interface Developer and Manufacturer

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Recently, Wiraxon announced the completion of its angel round series financing,Total amount exceeds RMB 300 million. This round of financing was led by Cathay Capital, co-led by SDIC Xiandao and Sherpa Capital, with follow-on investment from Hengxu Capital, while existing shareholder Fudan Sci-Tech Innovation continued to increase its investment. The raised funds will be primarily allocated to multi-center registration clinical trials in China for implantable brain-spine interface technology, the construction of the headquarters in Waigaoqiao, Pudong, and global strategic expansion.
Technological Breakthrough
Established in 2025, Wiraxon leverages Fudan University's technology transfer achievements to focus on the R&D and commercialization of brain-spine interface technology.

Jia Fumin, a neuromodulation expert educated at Tsinghua University, departed from the stable medical device sector focused on "domestic substitution" in 2020 to join Fudan University and venture into the brain-spine interface—a globally uncharted territory. The company’s pioneering 32-channel "all-in-one" implantable brain-spine interface system incorporates 16 electrode contacts implanted at both the motor cortex and the spinal cord, functioning as "signal transceiver stations" to capture the brain's locomotor intentions in real time, translate them into electrical signals interpretable by the spinal cord, and thereby enable patients to restore voluntary movement. Integrating sensing, computation, and modulation into a unified platform, the system boasts significant advantages such as high precision, high throughput, high integration, low latency, and minimal invasiveness.

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Unlike the familiar approach of "brain-computer interfaces" represented by Neuralink, which focuses on replacing motor functions, the core of brain-spine interface technology lies inRestoring Neural Pathways Between the Brain and Spinal CordAfter the system is implanted in the patient's body, walking intentions are captured and decoded in real time, bypassing the damaged spinal cord segments and directly relayed to the limbs, thereby enabling intention-controlled walking.

Clinical Validation

In China, there are approximately 4 million patients with spinal cord injury, with around 90,000 new cases annually. For the vast majority, "walking again on their own legs" was once an unattainable dream.

Starting from January 8, 2025, wiraxon, in collaboration with Zhongshan Hospital and Huashan Hospital affiliated with Fudan University, initiated a clinical proof-of-concept study, sequentially performing brain-spine interface therapy on four patients with spinal cord injury who had completely lost motor function. Postoperative data indicate:Within 24 hoursRestore Voluntary Control of Leg MovementAs fast as 7 daysFollowing the achievement of voluntary control over hip and knee joint movements, subjects also exhibited lower extremity sweating, suggesting that neural pathway reconstruction may positively impact the recovery of autonomic nervous function.

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China's First Brain-Spine Interface Trial Patient Undergoing Rehabilitation TrainingImage source: @Pujiang Tongzhou

This technology has been grantedU.S. FDA "Breakthrough Device" Designation, making it the first and only technology in China to receive this recognition in the field of invasive brain-computer interfaces.

The FDA Breakthrough Therapy Designation (BTD) is a special review pathway established by the U.S. FDA, focusing on medical devices that “address significant unmet clinical needs” and “possess substantial technological advantages.” It aims to accelerate the research, development, and market approval of new drugs for treating serious or life-threatening diseases, requiring that the drug demonstrate a substantial improvement over existing therapies during early-stage clinical trials. Drugs/products granted entry into this pathway are eligible for intensive FDA guidance, cross-disciplinary collaboration, and accelerated review status, thereby enabling more effective new therapies to reach patients sooner.

Future Plans

The Company will soon initiate a nationwide multi-center registration clinical trial to lay the foundation for subsequent market approval in China and global markets.

According to the strategic plan of founder Dr. Jia Fumin, Wiraxon aims toDrive Clinical Adoption of Core Products and Launch New Production Lines in 2026, and simultaneously initiated the research and development of wearable bionic robots. In an interview with “Innovation Yangpu”, Jia Fumin stated, “Our goal for the first generation is to rapidly achieve functional restoration, which is crucial for patients as immobility following paralysis can lead to numerous complications. However, if patients can still move after removing this device, I believe that would represent the ultimate brain-spine interface technology.”

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Group photo of Jia Fumin (6th from left) and his team, the Zhongshan Hospital joint team, and patients. Image source: @Pujiang Tongzhou

A more ambitious vision is to host a global 100-meter race for spinal cord injury patients by 2030, "enabling more spinal cord injury patients to no longer rely on wheelchairs, but to achieve 'free running' with their own legs."

Timeline Overview

Time

Milestone

2020

Jia Fumin Leads Team at Fudan University to Initiate Brain-Spine Interface Research

2025

Establishment of wiraxon; Completion of the world's first 4 clinical cases

2025

Received U.S. FDA "Breakthrough Device" Designation

2026

Completed angel-round financing of over RMB 300 million; plans to initiate a China-wide multi-center registrational clinical trial.


Source:Compiled from public reports by VBData, Pujiang Tongzhou, Innovation Yangpu, and other sources.

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