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Neuralink funding: Elon Musk’s Neuralink raises over $200 million from Google Ventures, others – NEWPAPER24

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Neuralink funding: Elon Musk’s Neuralink raises over $200 million from Google Ventures, others

2021-07-30 03:57:44

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Bengaluru: Billionaire entrepreneur Elon Musk’s brain-chip startup, Neuralink, has raised $205 million in a funding spherical led by Dubai-based enterprise capital agency Vy Capital, with participation from Alphabet Inc.’s Google Ventures.
Neuralink goals to implant wi-fi mind laptop chips to assist remedy neurological circumstances together with Alzheimer’s, dementia and spinal twine accidents and fuse humankind with synthetic intelligence. The agency launched a video in April exhibiting a male macaque taking part in a videogame ‘Thoughts Pong’ after getting chips embedded on all sides of its mind.

“First @Neuralink product will allow somebody with paralysis to make use of a smartphone with their thoughts quicker than somebody utilizing thumbs,” Musk tweeted in June. “The machine is implanted flush with cranium & costs wirelessly, so that you look & really feel completely regular,” he added.

Valor Fairness Companions, Craft Ventures and Founders Fund additionally participated within the
Collection C funding spherical.
Co-founded by Musk in 2016, San Francisco-based Neuralink will use the funds to take its first product, N1 Hyperlink, to the market, and for analysis and improvement.

Musk has a historical past of bringing collectively numerous specialists to develop expertise beforehand restricted to tutorial labs by firms corresponding to Tesla Inc., SpaceX and The Boring Co.

SpaceX, a personal area firm, stated in an amended regulatory submitting in April, it had raised about $1.16 billion in fairness financing.



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