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Elon Musk's Neuralink raises additional $43 million

Economic Times

Economic Times · 1y ago

Elon Musk's Neuralink raises additional $43 million

Neuralink, the brain-computer interface company owned by Elon Musk, has secured an additional $43 million in venture capital, bringing its total funding to $323 million. The funding round was led by Peter Thiel's Founders Fund and involved thirty-two investors. Neuralink, founded in 2016, has developed a device capable of implanting ultra-thin threads in the brain, allowing for the reading of data from groups of neurons. The company plans to conduct its first human trials to evaluate the safety and functionality of the implant.

Related News

Musk's Neuralink raises $280 mn led by PayPal Co-founder's fund

Reuters

Reuters · 2y ago

Musk's Neuralink raises $280 mn led by PayPal Co-founder's fund

Elon Musk's brain implant company, Neuralink, has garnered $280 million in investment from a funding round spearheaded by Founders Fund, co-founded by Peter Thiel, a PayPal luminary. This achievement comes several months after Neuralink obtained authorization for its inaugural human clinical trial. Although Neuralink didn't disclose the precise valuation resulting from the funding, the startup expressed immense enthusiasm for its forthcoming endeavors in a statement on X.

Wow, there sure is a lot of news about Elon Musk’s companies all of a sudden.

The Verge

The Verge · 2m ago

Wow, there sure is a lot of news about Elon Musk’s companies all of a sudden.

Elon Musk's companies are making headlines with several developments. xAI is selling shares and Neuralink has successfully raised $650 million, having resolved issues with the FDA. A public demonstration by Neuralink is scheduled in two weeks. These moves may suggest Musk's attempts to shift public focus from his involvement with Dogecoin. Additionally, there's mention of other trending topics such as AI and tech advancements, as well as updates on Google's upcoming Pixel 10 phones.

Neuralink to Host Live-Streamed Update in Two Weeks With Elon Musk After $650M Raise and $9.05B Valuation | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Neuralink to Host Live-Streamed Update in Two Weeks With Elon Musk After $650M Raise and $9.05B Valuation | DeepNewz VC

Neuralink, Elon Musk's brain-machine interface company, recently secured $650 million, reaching a $9.05 billion post-money valuation. An upcoming live-streamed update is anticipated in two weeks. Some analysts, like Teslaconomics, predict exponential growth, envisioning Neuralink's potential to reach a $1 trillion valuation in the future. This highlights the immense market confidence and expectation surrounding the technological advancements Neuralink aims to achieve in neural interface development.

Elon Musk's Neuralink to launch feasibility trial with brain implant, robotic arm

Economic Times

Economic Times · 9m ago

Elon Musk's Neuralink to launch feasibility trial with brain implant, robotic arm

Elon Musk's Neuralink has been granted approval to conduct a feasibility study using its brain implant and a robotic arm. The study aims to assess the safety and effectiveness of the wireless brain-computer interface in quadriplegic patients, enabling them to control external devices with their thoughts. Participants will be enrolled from Neuralink's ongoing PRIME trial. The U.S. FDA and Neuralink have yet to provide additional information. This comes after Neuralink received approval to conduct a trial of its device in Canada, where neurosurgeons will recruit six paralyzed patients. The device has shown promising results in the two American patients who have already been implanted with it.

Neuralink Raises $650 Million at $9 Billion Valuation, Advances Brain-Computer Interface with Human Trials Since 2024 | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Neuralink Raises $650 Million at $9 Billion Valuation, Advances Brain-Computer Interface with Human Trials Since 2024 | DeepNewz VC

Neuralink, Elon Musk's brain chip startup, has secured $650 million in funding, boosting its valuation to $9 billion. This significant financial backing aims to accelerate the development of advanced brain-computer interfaces, potentially revolutionizing how humans interact with technology. The investment underscores growing interest and confidence in the potential of merging human cognition with machine capabilities, possibly paving the way for groundbreaking advancements in neuroscience and technology integration.

Elon Musk moves Neuralink from Delaware to Nevada

Livemint

Livemint · 1y ago

Elon Musk moves Neuralink from Delaware to Nevada

Elon Musk's company Neuralink has moved its official business location from Delaware to Nevada. This move comes after Musk faced legal issues in Delaware, including problems related to pay and his purchase of Twitter. Musk had previously tweeted against incorporating a company in Delaware. Neuralink is not the first of Musk's companies to be reincorporated outside of Delaware. The shift to Nevada was completed on February 8, according to the Nevada secretary of state's office. Neuralink recently announced that it had implanted a device into a human for the first time.

2nd brain implant went well, patient can play video games: Neuralink

Inshorts · 1y ago

2nd brain implant went well, patient can play video games: Neuralink

Elon Musk's Neuralink said its second brain implant surgery in a human "went well". The patient, who suffers from a spinal cord injury, is able to use the chip to play video games like Counter-Strike 2 and design 3D objects, Neuralink said. Unlike the first case, the company said it found "no thread retraction in the second participant".

Elon Musk says SpaceX has moved its incorporation to Texas from Delaware

Economic Times

Economic Times · 1y ago

Elon Musk says SpaceX has moved its incorporation to Texas from Delaware

SpaceX, the rocket company founded by Elon Musk, has officially moved its state of incorporation from Delaware to Texas. This follows Elon Musk's announcement earlier this month that he intends to hold a shareholder vote to move Tesla's state of incorporation to Texas as well. The move comes after a Delaware judge invalidated Musk's $56 billion pay package. Additionally, Musk's brain-chip implant company, Neuralink, recently changed its incorporation location from Delaware to Nevada.

Elon Musk’s Neuralink to implant Blindsight prosthesis in a human by 2025 end

Economic Times

Economic Times · 4m ago

Elon Musk’s Neuralink to implant Blindsight prosthesis in a human by 2025 end

Elon Musk's Neuralink aims to implant its Blindsight visual prosthesis in a human by 2025's end, potentially restoring sight to the completely blind. Initially offering low-resolution vision, Blindsight aspires to eventually surpass normal human sight levels. Neuralink, founded in 2016, focuses on creating a brain interface to restore autonomy in individuals with medical challenges. The FDA granted Blindsight breakthrough status in 2022, and Neuralink has already conducted implant trials with human participants.

SEC reopens probe into Elon Musk's Neuralink

Economic Times

Economic Times · 8m ago

SEC reopens probe into Elon Musk's Neuralink

The US Securities and Exchange Commission (SEC) has reopened an investigation into Elon Musk's brain-chip startup Neuralink. A letter from Musk's lawyer to the outgoing SEC Chair mentioned a settlement demand and offered a 48-hour window for Musk to make a monetary payment or face charges. The letter also stated that Musk and his lawyer would not be intimidated by the SEC and reserved their legal rights. Neither the SEC nor Neuralink have provided any comment on the matter.

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