Elon Musk’s Neuralink raises over $200 million

Elon Musk’s brain-chip startup raised $205 million in its latest round of funding. Dubai-based Vy Capital led this round with participation from Google Ventures.

Neuralink aims to implant wireless computer chips in the brain to help cure many neurological conditions. Diseases such as Alzheimer’s, dementia and severe spinal cord injuries could be assisted or even eradicated with these chips.

The company released a video back in April 2021 showing a male macaque playing ‘Mind Pong’. The test was to showcase the chips’ power and that they work when implanted on the brain.

The goal is to have the device implanted flush with the skull and to have easy wireless charging for the chips. In addition, users will not require bulky wires or gadgets to activate the chips in public or private settings.

The San-Francisco-based company will use the Series C funding round to help bring their first product, the N1 Link, to market and fund research and development efforts. There is no release date for the N1 Link as of yet.

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