Elon Musk’s brain computer start-up raises $205 million from Google Ventures and others

  • Date: 30-Jul-2021
  • Source: CNBC
  • Sector:Technology
  • Country:UAE
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Elon Musk’s brain computer start-up raises $205 million from Google Ventures and others

Elon Musk's brain-machine interface company, Neuralink, has raised $205 million from investors including Google Ventures, Peter Thiel's Founders Fund, and OpenAI CEO Sam Altman. The series C round, announced in Thursday, was led by Dubai-based Vy Capital. It comes two years after Neuralink raised $51 million. Total investment in the company now stands at $363 million, . Founded in 2016, Neuralink is trying to develop high-bandwidth brain implants that can communicate with phones and computers. The company is targeting its first devices at quadriplegics — who are unable to interact with many of today's devices — and it is working toward human trials. "The first indication this device is intended for is to help quadriplegics regain their digital freedom by allowing users to interact with their computers or phones in a high bandwidth and naturalistic way," it wrote. So far, the technology has been and a monkey that was able to with its mind. The company said its first product, known as the N1 Link, will be "completely invisible" once implanted and transmit data via a wireless connection. Musk, who is CEO of Neuralink as well as and SpaceX, has previously described Neuralink as a Fitbit in your skull with