Funding will likely allow for more banana smoothies for the monkey, Pager
Elon Musk’s Neuralink announced on Thursday it has raised a Series C funding round of $205 million USD.
The funding round was led by led by Vy Capital, with participation from Google Ventures, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund, and Gigafund.
Also joining the round:
- Robert Nelson (Co-Founder of ARCH Venture Partners)
- Blake Byers (Byers Capital)
- Sam Altman (Chairman of YC Group and CEO of OpenAI)
- Fred Ehrsam (Co-founder of Paradigm and Coinbase)
- Ken Howery (Co-Founder of PayPal and Founders Fund)
The goal of Neuralink is to “develop brain-machine interfaces that treat various brain related ailments, with the eventual goal of creating a whole brain interface capable of more closely connecting biological and artificial intelligence.”
We’ve seen some insane live experiments of Neuralink in action. The company wants to “help those with brain injuries in the near term and reduce AI risk to humanity in the long term.”
The company’s first product known as N1 Link, can be implanted into the brain and allows for wireless data transmission, with a connection to an iPhone. The product’s use is to allow quadriplegics to “regain their digital freedom by allowing users to interact with their computers or phones in a high bandwidth and naturalistic way.”
Neuralink says the money raised in this funding round will be used to take its N1 Link to market and “accelerate the research and development of future products.”
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