Elon Musk’s brain-chip startup, Neuralink, has raised $205 million in a funding round led by Vy Capital, with the support of Google Ventures, according to a report by Reuters on Friday.
Neuralink aims to implant wireless brain-computer chips to assist neurological condition cure, including Alzheimer’s dementia and spinal cord injuries, and link humankind with artificial intelligence.
In a tweet, Musk said the First Neuralink product will help patients with paralysis to use a smartphone with their mind faster than someone using thumbs. The device is implanted flush with the skull and charges wirelessly for people to feel and look normal.
Valor Equity Partners, Craft Ventures, and Founders Fund also took part in the Series C funding round.
The San Francisco-based Neuralink, co-founded by Musk in 201, will use the funds in taking its first product, N1 Link, to market and for research and development.
Musk has a long-standing history of bringing together diverse experts to develop technology previously restricted to academic labs through companies, such as Tesla Inc, SpaceX, and Boring Co.