Saturday, July 19, 2025
spot_img

Musk’s brain implant startup Neuralink raises additional $43 mn

Date:

Share post:

spot_imgspot_img

Shillong, November 26: Elon Musk-owned brain-computer interface company Neuralink has raised an additional $43 million in venture capital, according to a filing with the US Securities and Exchange Commission (SEC).

The filing showed that the company raised its previous tranche, led by Peter Thiel’s Founders Fund, from $280 million to $323 million in early August, reports TechCrunch.

Thirty-two investors participated in the round, as per the filing.

Neuralink has not recently disclosed its valuation. However, reports said in June that the company was valued at around $5 billion following privately executed stock trades.

Neuralink, which was founded in 2016, has developed a sewing machine-like device capable of implanting ultra-thin threads inside the brain. The threads connect to a custom-designed chip with electrodes that can read data from groups of neurons.

In September, Neuralink said that it is recruiting its first test subjects for human trials to help those with paralysis control devices.

The company said it has received approval from the reviewing independent institutional review board and the first hospital site to begin recruitment for our first-in-human clinical trial.

“The PRIME Study (short for Precise Robotically Implanted Brain-Computer Interface) aims to evaluate the safety of our implant (N1) and surgical robot (R1) and assess the initial functionality of our wireless brain-computer interface for enabling people with paralysis to control external devices with their thoughts,” the company said in a statement. (IANS)

spot_imgspot_img

Related articles

Modi’s remarks on Bengali ‘asmita’ pack of lies: TMC

KOLKATA, July 18: Dubbing Prime Minister Narendra Modi’s statements during a rally in West Bengal’s Durgapur on Friday...

How visitors grapple with interval curse in England

Manchester, July 18: As India prepares for the fourth Test of the Anderson-Tendulkar Trophy at Old Trafford, a...

Root 120 away from becoming 2nd-highest Test run-getter

Manchester, July 18: England’s star batter Joe Root is on the cusp of rewriting Test cricket history as...

Bumrah should play both Tests: Kumble

New Delhi, July 18: Former India head coach Anil Kumble weighed in on the importance of Jasprit Bumrah’s...