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

Billionaire entrepreneur Elon Musk’s brain-chip startup, Neuralink, has raised $205 million in a funding spherical led by Dubai-based enterprise capital agency Vy Capital, with participation from Alphabet Inc’s Google Ventures, the corporate stated on Thursday.
Neuralink goals to implant wi-fi mind pc chips to assist treatment neurological situations together with Alzheimer’s, dementia and spinal wire accidents and fuse humankind with synthetic intelligence.
The firm launched a video in April displaying a male macaque taking part in a videogame “Mind Pong” after getting chips embedded on all sides of its mind.
“First @Neuralink product will enable someone with paralysis to use a smartphone with their mind faster than someone using thumbs,” Musk tweeted in June.

“The device is implanted flush with skull & charges wirelessly, so you look & feel totally normal,” he added. (https://bit.ly/2TGpPuQ)
Valor Equity Partners, Craft Ventures and Founders Fund additionally participated within the sequence C funding spherical. (https://bit.ly/3zPvL4i)
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 analysis and growth.

Musk has a historical past of bringing collectively numerous specialists to develop expertise beforehand restricted to tutorial labs by way of corporations comparable to Tesla Inc, SpaceX and Boring Co.
SpaceX, a non-public house firm, stated in an amended regulatory submitting in April, it had raised about $1.16 billion in fairness financing.