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Elon Musk’s brain tech startup is raising more cash

Elon Musk’s brain tech startup is raising more cash

Neuralink, a small and secretive brain computing startup founded by Elon Musk, has raised $39m (about R552m) of a planned $51m (about R722m) funding round, according to a filing Friday with the Securities and Exchange Commission.

It was not immediately clear if the funders included traditional venture capital investors or if they comprised Musk and Neuralink employees. A spokesman did not immediately respond to a request for comment. Two years ago, the company said in a filing that it had raised $27m (about R382m) of a planned funding round of as much as $100m (about R1.4bn).

Neuralink was registered as a California medical research company in 2016 and has operated quietly from San Francisco since then. The company has hired away several high-profile neuroscientists from various universities and contracted with a laboratory at the University of California, Davis to conduct research on primates.

The venture has both awed and repelled various Musk watchers over the possibilities that it seemingly offers for connecting brains to computers. In March, a paper by a group of researchers affiliated with Neuralink was posted online. It outlined a novel technique for implanting electrodes into rat brains.

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In April, when asked by a Twitter user for a Neuralink update, Musk replied “Probably something notable to announce in a few months.”

Separately, Tim Gardner, a co-founder of Neuralink and a prominent early hire for the company, is taking a job as a professor of neuroengineering at the University of Oregon. He joined Neuralink from Boston University in March 2017.

Published at Sat, 11 May 2019 18:14:10 +0000