(Reuters) – Billionaire entrepreneur Elon Musk’s brain-chip startup, Neuralink, has raised $205 million in a funding round led by Dubai-based venture capital firm Vy Capital, with participation from Alphabet Inc’s Google Ventures, the company said on Thursday.
Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer’s, dementia and spinal cord injuries and fuse humankind with artificial intelligence.
“The device is implanted flush with skull & charges wirelessly, so you look & feel totally normal,” he added. (https://bit.ly/2TGpPuQ)
Valor Equity Partners, Craft Ventures and Founders Fund also participated in the series C funding round. (https://bit.ly/3zPvL4i)
Musk has a history of bringing together diverse experts to develop technology previously limited to academic labs through companies such as Tesla Inc, SpaceX and Boring Co.
SpaceX, a private space company, said in an amended regulatory filing in April, it had raised about $1.16 billion in equity financing.
(Reporting by Aakriti Bhalla in Bengaluru; editing by Vinay Dwivedi)