Fundraising Fox

Ncerebro

Gwangju, KR Β· 1 known investors

Ncerebro (μ£Όμ‹νšŒμ‚¬ μ—”μ„œ) develops medical and wellness devices, including near-infrared spectroscopy-based instruments for measuring blood oxygen saturation, olfactory-based screening for cognitive impairment, and brain wellness devices for sleep and stress. The company serves surgical and neurological healthcare use cases.

Also known as N.CER Β· N.CER Co., Ltd. Β· NCER Β· μ—”μ„œ Β· μ£Όμ‹νšŒμ‚¬ μ—”μ„œ

Founders & leadership

κΉ€
κΉ€μž¬μ›λŒ€ν‘œμž (CEO/Representative)

Investors Β· 1

Company profile

researched Aug 2026

N.CER Co., Ltd. (μ£Όμ‹νšŒμ‚¬ μ—”μ„œ), operating online as Ncerebro, is a South Korean medical device company that positions itself as a full-stack developer covering hardware, artificial intelligence models and medical device regulatory approval. Its stated focus is early diagnosis of dementia and related treatment solutions, alongside intraoperative physiological monitoring.

The product line consists of three items. N1 is a cerebral regional oximeter based on near-infrared spectroscopy that non-invasively and transcutaneously measures regional hemoglobin oxygen saturation (rSO2) in tissue, including cerebral tissue, in real time; it comprises a handheld main module, a thin, flexible disposable skin probe (model P01) that captures left and right channel signals simultaneously, and an application screen with single-channel, dual-channel and event views. Published specifications list an rSO2 display range of 40-80% with accuracy within 5%, a 10 Hz sampling frequency, IEC 60601-1 Class I BF-applied-part IPX2 classification, operating conditions of 5-35Β°C and 20-75% non-condensing humidity, and item identification number 7181. The device is certified by Korea's Ministry of Food and Drug Safety, is indicated only for patients weighing at least 40 kg, must be used by qualified users, is not to be the sole basis for diagnosis or therapy, and is not available for sale in the United States. Alz Sniff is a screening solution for mild cognitive impairment intended to identify patients quickly and simply. Brain spa is a brain wellness device that combines near-infrared light and sound stimulation to support sleep improvement and stress relief.

The company describes in-house hardware and software development for bio-signal measurement, algorithm and data design, and an AI model for time-series classification that sorts near-infrared signals evoked by olfactory function according to dementia stage. Its website lists research collaborations with Asan Medical Center, Seoul National University Hospital, Gangnam Severance Hospital and Gachon University Gil Hospital, as well as with GIST (Gwangju Institute of Science and Technology), the Gwangju dementia (GARD) cohort research center and Kolab.

Founding story

The company traces its origin to September 2019, when Ncerebro was founded, followed by incorporation of N.CER Co., Ltd. in November 2019. In the same period it won a startup competition among Korea's five science and technology specialized universities and the Welcome TIPS Jeonnam regional contest, and was selected for the second cohort of IBK Changgong Busan in December 2019.

Business model

N.CER develops and manufactures medical and wellness devices under its own brand and also offers OEM services, per the navigation of its corporate site. It holds Korean medical device manufacturing licenses and KGMP certification, and sells regulated products (N1/P01) into clinical settings while distributing the Brain spa consumer wellness device, including into overseas markets.

Product sales of medical and wellness devices, with an OEM offering listed alongside its own product lines; the site reports approximately KRW 200 million in sales as of December 2024.

Traction

Milestones listed by the company include seed funding in January 2020 and TIPS 2020 selection; venture company certification and establishment of an in-house research institute in March 2020; selection as a participating company in Asan Medical Center's research-driven hospital program for nine years (May 2020); MFDS registration of the P01 rSO2/dementia diagnostic probe and a medical device manufacturing license in January 2021; a Series A round in 2021; KGMP certification in April 2022 and MFDS approval of N1 in July 2022; Post-TIPS selection in 2023 and publication of two SCI papers on its AI algorithms in July 2023; Brain spa launch in 2024 with entry into overseas markets and roughly KRW 200 million in sales by December 2024; and in 2025, selection for a Ministry of Trade, Industry and Energy bio R&D project, the Startup Leap Package, a Korea University Guro Hospital open-lab operation project, N1E manufacturing certification, and Brain spa sell-outs in the United States and Japan.

Latest developments

In 2025 the company reported selection for a new bio-sector R&D project of the Ministry of Trade, Industry and Energy (April), the Startup Leap Package program (May), an open-lab operation project at Guro Hospital (June), completion of N1E manufacturing certification (August) and sell-out of Brain spa batches in the United States and Japan (August). Its website also shows an in-progress product page for an N1E version.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

A small Korean medical device developer specializing in NIRS-based monitoring and dementia screening, differentiated by combining device manufacturing, AI algorithm development and regulatory approval capability, and supported by collaborations with leading Korean hospitals and GIST.

The company emphasizes end-to-end capability from hardware design through algorithm and AI model development to medical device licensing, proprietary time-series AI classification of olfactory-stimulated NIRS signals for dementia staging, and design features of the N1 such as a single probe measuring left and right sides simultaneously, up to 10 Hz sampling, portability and low latency.

Technology

Core technology is near-infrared spectroscopy (NIRS) for non-invasive measurement of regional tissue oxygen saturation, implemented in the N1 main module with a disposable dual-channel probe sampling at up to 10 Hz. For cognitive assessment, the company uses olfactory-stimulated functional NIRS combined with a time-series classification AI model ("N.Cer Net") that grades signals by dementia stage. Brain spa applies near-infrared light together with acoustic stimulation. The company states it covers medical device design, data analysis, AI model construction and regulatory licensing internally.

Go-to-market

The company markets directly through its Korean, English and Japanese websites and email/phone inquiry channels, supplements this with joint research at major Korean hospitals and dementia research institutes, and uses government and public programs for exposure, including participation in CES with KOTRA in January 2024 and selection of Alz Sniff and Brain spa for MEDITEK 2024. Brain spa has been sold in the United States and Japan.

Hospitals, surgeons and anesthesiology/neurology clinicians requiring real-time regional oxygen saturation monitoring; clinicians and screening programs for mild cognitive impairment and dementia; and consumers seeking sleep and stress-relief wellness devices.

Geography

Headquarters at 123 Cheomdangwagi-ro, Buk-gu, Gwangju, Republic of Korea (room 316, industry-academic cooperation research building), with a corporate R&D center in Seoul (listed both at 578 Gangnam-daero, Gangnam-gu, and at Publik Gasan A-1003, 178 Digital-ro, Geumcheon-gu). Products have reached export markets in the United States and Japan, and the site is published in Korean, English and Japanese.

History

Founded in 2019 in Gwangju, the company registered its dementia diagnostic/rSO2 probe P01 with the MFDS and obtained a medical device manufacturing license in January 2021, secured MFDS clinical data for its dementia device N2 in December 2021, obtained KGMP in April 2022 and MFDS approval for N1 in July 2022. Research on olfactory-stimulated functional near-infrared spectroscopy for identifying cognitive impairment was published in 2022 and covered by Korean media in March 2022 in connection with GIST. In 2023 it was selected for a dementia research program, Post-TIPS and an SME technology development innovation project, and published two SCI papers. It launched Brain spa in 2024, expanded to overseas markets, and in 2025 added an N1E manufacturing certification and several government program selections.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual salesDec 2024approximately KRW 200 million
N1 rSO2 display rangeJan 202540-80% (accuracy within 5%)
N1 sampling frequencyJan 202510 Hz

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 28

launches, deals, and filings
Aug 2025
Brain spa first US batch and first two Japanese batches sold out

source β†—

Aug 2025
N1E manufacturing certification completed

source β†—

Jun 2025
Selected for open lab operation project at Guro Hospital

source β†—

May 2025
Selected for Startup Leap Package program

source β†—

Apr 2025
Selected for new bio-sector R&D project of the Ministry of Trade, Industry and Energy

source β†—

Dec 2024
Alz Sniff and Brain spa selected for MEDITEK 2024

source β†—

Jul 2024
Brain spa entered overseas markets

source β†—

May 2024
Brain spa launched

Korean history page lists launch in May 2024; English page lists July 2024.

source β†—

Jan 2024
Participated in CES with KOTRA

source β†—

Jul 2023
Selected for private-investment track of SME technology development innovation project

source β†—

Jul 2023
Two SCI papers published on N2 AI algorithms

One paper comparing AI versus statistical techniques (IF 9) and one reporting AI algorithm advancement performance (IF 3.2).

source β†—

May 2023
Selected for Post-TIPS program (total KRW 300 million)

source β†—

Mar 2023
Selected for Korea Dementia Research Project

source β†—

Jul 2022
MFDS approval of N1 cerebral regional oximeter

source β†—

Apr 2022
Acquired medical device GMP (KGMP)

source β†—

Mar 2022
Research published on olfactory-stimulated functional near-infrared spectroscopy for identifying cognitive impairment

source β†—

Dec 2021
Obtained MFDS clinical data for dementia medical device N2

source β†—

Nov 2021
Series A funding round completed

source β†—

Feb 2021
Dementia management app 'μΉ˜λ§€μ—” 써' released to app stores

source β†—

Jan 2021
MFDS registration of P01 rSO2/dementia diagnostic probe and medical device manufacturing license

source β†—

Dec 2020
Completed AI prototype and 'N.Cer Net' mild cognitive impairment classification model, plus light-therapy healthcare device for digital therapy market

source β†—

May 2020
Selected as participating company in Asan Medical Center research-driven hospital program for nine years

source β†—

Apr 2020
Research agreements with Gwangju dementia (GARD) cohort research center and Gangnam Severance psychiatry department

source β†—

Mar 2020
Selected for TIPS 2020 program; venture company certification and corporate R&D center established

source β†—

Jan 2020
Seed funding (KRW 500 million private investment)

Company history lists private investment of KRW 500 million / seed funding in January 2020.

source β†—

Dec 2019
Selected for IBK Changgong Busan 2nd cohort

source β†—

Nov 2019
Won startup competition among Korea's five science and technology specialized universities and Welcome TIPS Jeonnam regional contest

source β†—

Nov 2019
N.CER Co., Ltd. incorporated

Corporation established in November 2019, following founding of Ncerebro in September 2019.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Ncerebro do?
Korean medical device developer building near-infrared spectroscopy oximeters, dementia screening tools and brain wellness devices.
Who are Ncerebro's investors?
Ncerebro's investors include Colopl Next.
Where is Ncerebro headquartered?
Ncerebro is headquartered in Gwangju, KR.