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.