Elon Musk's Neuralink raises over $200 million from Google Ventures, others

    Co-founded by Musk in 2016, San Francisco-based Neuralink will use the funds to take its first product, N1 Link, to the market, and for research and development.
    By REUTERS
    | Updated on Jul 31 2021, 01:35 PM IST
    SpaceX, a private space company, said in an amended regulatory filing in April, it had raised about $1.16 billion in equity financing.
    SpaceX, a private space company, said in an amended regulatory filing in April, it had raised about $1.16 billion in equity financing. (MINT_PRINT)
    SpaceX, a private space company, said in an amended regulatory filing in April, it had raised about $1.16 billion in equity financing.
    SpaceX, a private space company, said in an amended regulatory filing in April, it had raised about $1.16 billion in equity financing. (MINT_PRINT)

    Billionaire entrepreneur Elon Musk's brain-chip startup, Neuralink, has raised $205 million in a funding round led by Dubai-based venture capital firm Vy Capital, with participation from Alphabet Inc's Google Ventures, the company said on Thursday.

    Neuralink aims to implant wireless brain-computer chips to help cure neurological conditions including Alzheimer's, dementia and spinal cord injuries and fuse humankind with artificial intelligence.

    The company released a video in April showing a male macaque playing a videogame "Mind Pong" after getting chips embedded on each side of its brain.

    "First @Neuralink product will enable someone with paralysis to use a smartphone with their mind faster than someone using thumbs," Musk tweeted in June.

    Also read: Looking for a smartphone? Check Mobile Finder here.

    "The device is implanted flush with skull & charges wirelessly, so you look & feel totally normal," he added. 

    Valor Equity Partners, Craft Ventures and Founders Fund also participated in the series C funding round. 

    Co-founded by Musk in 2016, San Francisco-based Neuralink will use the funds to take its first product, N1 Link, to the market, and for research and development.

    Musk has a history of bringing together diverse experts to develop technology previously limited to academic labs through companies such as Tesla Inc, SpaceX and Boring Co.

    SpaceX, a private space company, said in an amended regulatory filing in April, it had raised about $1.16 billion in equity financing.

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    First Published Date: 31 Jul, 01:35 PM IST
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