Earlier this month, neurlinks achieved the “success” tag of US Food and Drug Administration for its device [File]
Photo Credit: Reuters
Elon Musk’s brain implant company Neurlink raised $ 600 million in a deal, which gives importance to the company in $ 9 billion before the new cash, Semaphore on Tuesday cited people with knowledge of the case.
The neurlinks did not immediately respond to the request of a Reuters for comments.
The startup was estimated at $ 5 billion in 2023, based on a privately executed stock trades described to Reuters. The company first gathered $ 280 million in a funding round led by the Founders Fund of Peter Theal.
In April, Bloomberg News reported that the company plans to raise around $ 500 million.
The neurlinks are in the process of testing their transplant, which aims to help people with spinal injuries. The device has first allowed the patient to play video games, browse internet, post on social media and transfer a cursor directly to their laptop with their brain.
Earlier this month, the neurlinks achieved the “success” tag of US Food and Drug Administration for its device.
Musk has expressed grand ambitions for the company, saying that its chip will allow healthy and disabled people to be equally obese, autism, depression and pimples to the neighborhood facilities for accelerated surgical insertion of equipment for the treatment of schizophrenia. Even he is being used for web-sarfing and telepathy.
Published – May 28, 2025 08:29 AM IST
