Elon Musk’s Neuralink, a startup that develops brain-computer interfaces (BCIs), announced on June 2, that the company has secured $650 million during their Series E funding round. Key contributors include ARK Invest, Human Capital, Lightspeed, QIA, Sequoia Capital, Thrive Capital, DFJ Growth, Founders Fund, G42, Valor Equity Partners, Vy Capital, and more.
“This funding helps us bring our technology to more people—restoring independence for those with unmet medical needs and pushing the boundaries of what’s possible with brain interfaces,” said the company in a statement.
The company in an X post shared that, in two weeks they will have a public demo where they will share their story and some bonus content.
With the aim of pioneering in brain-machine interface (BMI), the company started its functions in 2016 and had its first major breakthrough in 2024 with its first brain implant human patient. The company said it is developing technology that is aimed at restoring autonomy to the disabled.
In its statement, Neuralink also highlighted some of its key advancements. Firstly, five individuals with acute paralysis can now control digital and physical devices using their thoughts through Neuralink.
Secondly, they launched clinical trials across the globe including Barrow Neurological Institute, University Health Network (Toronto Western Hospital), The Miami Project to Cure Paralysis at the University of Miami, and Cleveland Clinic Abu Dhabi.
Co-founded by a group of eight scientists and engineers, the company also received a “breakthrough” tag from the United States Food and Drug Administration for its devices designed to restore severe speech and vision impairments.
“This funding will accelerate our efforts to expand patient access and innovate future devices,” said the statement.
This announcement comes just days after the company’s co-founder Musk resigned from his position with the Trump administration. His spacecraft company SpaceX, was also recently in the news regarding a crash that resulted in an explosion over the Indian Ocean.
