Jul 30, 2021 - Economy

Elon Musk's brain chip startup raises $205 million

Illustration of Elon Musk with cars coming out of his eyes.

Illustration: Lazaro Gamio/Axios

Neuralink, Elon Musk’s embedded brain chip startup, raised $205 million in Series C funding led by Vy Capital.

Why it's the BFD: Musk can be maddening, and a violator of securities laws, but his companies tend to achieve their moonshot ambitions.

  • Other investors include GV, Valor Equity Partners, Craft Ventures and Founders Fund.

Bottom line: "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." — Reuters

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