Neuralink Corp., Elon Musk’s brain-implant company, has raised $280 million in new funding from investors to develop its technology.
The startup announced the funding round in a post on Musk’s X social network, formerly known as Twitter. The deal was led by Founders Fund, a venture capital firm backed by billionaire Peter Thiel.
Neuralink is the best-known player in a growing field of brain technology companies. Partly spurred by Neuralink’s high profile, investors have backed dozens of other startups exploring similar technology. Startups in the neurotechnology field raised $143 million this year through June 26, according to PitchBook data. That compares to $278.1 million in all of 2022 and $518.9 million in 2021. One rival, Synchron Inc., enrolled its first patient in a US clinical trial last year, beating Neuralink to that milestone.
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