Elon Musk backed brain start-up Neuralink raises $205m

Neuralink, an Elon Musk founded start-up that is looking to create an electronic brain interface, has said it has raised $205 million.

The Austin, Texas based company said it will use the capital to develop a brain implant for quadriplegics called the N1 Link.

Neuralink, founded in 2016, said the device is “completely invisible”, transmits data wirelessly, and will help Quadriplegics regain “digital freedom”.

The funding round was led by Vy Capital, with participation from Google Ventures, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund, and Gigafund.

Neuralink said the funds from the round will be used to take N1 Link to market and to accelerate the research and development of future products.

In addition, Neuralink said its eventual goal is to create a whole brain interface capable of more closely connecting biological and artificial intelligence.

In April, the start-up announced it had taught a monkey how to play games using its mind, releasing a video of a monkey playing a game of “MindPong.”

Investment in the brain interface space is heating up; Neuralink competitor announced it had raised $20 million earlier this week.

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