Neuralink, Elon Musk's brain-computer startup, has raised $205 million.

Elon Musk Neuralink

 

Neuralink, the brain-chip firm founded by billionaire entrepreneur Elon Musk, has secured $205 million in a fundraising round headed by Dubai-based venture capital firm Vy Capital, with participation from Alphabet Inc's (GOOGL.O) Google Ventures, according to the company.

Neuralink wants to implant wireless brain computer chips to help treat neurological disorders including Alzheimer's, dementia, and spinal cord injuries, as well as bring humanity and artificial intelligence together.

The funding will be used to bring Neuralink's first product, N1 Link, to market, as well as for research and development. Neuralink was co-founded by Musk in 2016. 

Alexander Tamas, a former partner at DST, the investment company created by billionaire Yuri Milner, launched Vy Capital.

Alphabet Inc.'s GV, Founders Fund, and Craft Ventures are among the other investors in the Neuralink round.


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