Elon Musk's Brain Computer Interface Startup Neuralink has closed its $650 million funding round, the company announced in a blog post Monday. Series E funding included investors such as Ark Invest, Founders Fund, Sequoia Capital and Thrive Capital.
NeuralInk raised a $280 million Series D funding round in 2023, with an additional $43 million tranche added in a few months. Since then, Neuralink's Brain Chip technology has made several major leaps.
The company says it is currently conducting more human clinical trials and implanting brain chips in five individuals with severe paralysis. In May, Neuralink received a groundbreaking device designation by the U.S. Food and Drug Administration, a program aimed at speeding up the development, evaluation and review process of experimental technology.
Semafor reported last week that the latest deal valued NeuralInk at around $9 billion in primoney.