July 30, 2021
(Reuters) – Billionaire entrepreneur Elon Musk’s brain-chip startup Neuralink joins Alphabet’s Google Ventures in a funding round led by Dubai-based venture capital firm Bicapital. The company said Thursday that it had raised $ 205 million.
Neuralink aims to implant a wireless brain computer chip to treat neurological conditions such as Alzheimer’s disease, dementia, and spinal cord injury and to integrate humanity with artificial intelligence.
In April, the company released a video showing a male macaque playing the video game Mindpon after implanting chips on both sides of his brain.
“The first @Neuralink product allows paralyzed people to use their smartphones in their heads faster than those who use their thumbs,” Musk tweeted in June.
“The device is embedded flush with the skull and charged wirelessly, so it looks and feels perfectly normal,” he added. (Https://bit.ly/2TGpPuQ)
Valor Equity Partners, Craft Ventures and Founders Fund also participated in the Series C funding round. (Https://bit.ly/3zPvL4i)
San Francisco-based Neuralink, co-founded by Musk in 2016, will use this money to bring its first product, the N1 Link, to market for research and development.
Mask has a history of bringing together diverse experts to develop technologies that were previously confined to academic laboratories through companies such as Tesla Inc, SpaceX, and Boring Co.
SpaceX, a private space company, said it had raised about $ 1.16 billion in equity financing in a revised regulatory filing in April.
(Report by Aakriti Bhalla in Bangalore, edited by Vinay Dwivedi)
Elon Musk’s Neuralink has raised over $ 200 million from Google Ventures and others
Source link Elon Musk’s Neuralink has raised over $ 200 million from Google Ventures and others