Neuralink

Healthcare Tech

Founded: 2016

Last Round Valuation: $3.5B

Neuralink, established in July 2016 by Elon Musk, Max Hodak, and Paul Merolla, is a company specializing in the development of brain-machine interfaces. Their focus is on creating devices that aid individuals with paralysis. Neuralink is working on a revolutionary device consisting of a chip implanted in the skull, accompanied by electrodes that extend into the brain. This implant is designed to record brain activity and potentially provide stimulation to enhance neural function.

Neuralink Overview:

Neuralink is a neurotechnology company founded in July 2016 by Elon Musk, Max Hodak, and Paul Merolla. The company's mission is to develop advanced brain-machine interface (BMI) technology to enhance human cognition and address neurological conditions.

Neuralink aims to create a direct interface between the human brain and computers, allowing for seamless communication and interaction. The company's primary focus is on developing devices that can help individuals with paralysis and other neurological disorders regain functionality and improve their quality of life.

The core concept behind Neuralink's technology is a small chip, known as the Neuralink device, which is implanted in the skull and connects to electrodes that fan out into the brain tissue. These electrodes can both record and stimulate brain activity, enabling bidirectional communication between the brain and external devices.

One of the key objectives of Neuralink is to improve the bandwidth and efficiency of communication between the brain and external devices. By capturing and interpreting neural signals with high precision, the Neuralink device has the potential to enable people to control computers, prosthetics, and other devices directly with their thoughts.

In addition to its applications for individuals with disabilities, Neuralink's technology also holds promise for enhancing human cognition and unlocking new possibilities in areas such as virtual reality, artificial intelligence, and human-machine symbiosis.

Neuralink has made significant advancements in its technology since its founding, and the company continues to conduct research and development to refine its BMI technology. While the technology is still in its early stages and faces various technical and regulatory challenges, Neuralink has generated significant interest and excitement for its potential to revolutionize the field of neurotechnology and improve the lives of individuals with neurological conditions.

Founders:

  • Elon Musk

  • Max Hodak

  • Paul Merolla

Top Investors:

  • Google Ventures

  • Founders Fund

  • OpenAI

  • Valor Equity Partners

  • DFJ Partners

  • Craft Ventures

Funding Rounds

Funding Rounds

Round Date Post Money Val Amount Raised Price per Share
Series D 2023-11-21 $3.52B $323.24M $19.03
Later Stage VC 2023-07-07 $3.48B $280.00M $19.03
Series C 2021-07-29 $2.11B $205.90M $13.74
Series B 2019-06-27 $522.00M $51.00M $3.82
Early Stage VC 2017-08-23 $107.00M

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