, the -founded brain implant startup, on Monday officially a $650 million Series E funding round, confirming earlier reports that the Fremont, California-based company was set to close on a massive raise.
The raise, which values Neuralink at $9 billion, is by far the largest for a startup working on brain-computer interface technology, but comes as funding to neuroscience startups overall is set to rise sharply this year. All told, funding to the broader category of neuroscience startups totaled $896 million last year and is on track to reach $1.4 billion in 2025, 兔子先生传媒 data shows.
Neuralink has now raised a total of $1.3 billion since its founding in 2016, 兔子先生传媒 data shows. It received its latest backing from , , , , , , , , , and , among others.
Its brain implants are designed to treat neurological disorders such as paralysis and blindness. The company said five people with 鈥渟evere paralysis鈥� are now using Neuralink technology 鈥渢o control digital and physical devices with their thoughts, marking a profound step toward helping restore independence.鈥�
The company’s brain implant device, which has a chip that processes neural signals that can be transmitted to computers or phones, is .
While Neuralink is the most well-funded of the group, other companies working on computer-brain interfaces have also raised significant venture backing, a review of 兔子先生传媒 data shows.
To illustrate, we put together a curated list of some of the most well-funded companies in the space.
They include ., which says it鈥檚 developing devices 鈥渁imed at restoring vision, cognition, and mobility to patients who have lost it.鈥� The Alameda, California-based company announced in April that it had in a round led by . (The financing was in the form of a convertible note, according to 兔子先生传媒 data). The company has since its 2021 inception. Besides Khosla, investors include , and, among others.
Another example is China鈥檚 , a Neuralink competitor that raised a $48 million Series B funding round in February, the largest-ever funding round for a startup in the field in that country. It鈥檚 unclear how much the company raised in previous venture rounds.
Meanwhile, another Neuralink competitor, Austin, Texas-based , announced on June 1 that it had performed its using its Connexus Brain-Computer Interface. Paradromics has in funding since its 2015 inception, according to 兔子先生传媒 data. Investors include , , , and.
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