Total amount raised
$2 Billions
Latest funding date
July, 2021
Location
Neuralink has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company is pioneering brain-machine interface technology, aiming to revolutionize the way humans interact with computers.
Keep reading to delve into the details of Neuralink's funding journey and discover the key investors supporting this groundbreaking venture.
What Is Neuralink?
Neuralink, founded on June 21, 2016, is a pioneering company in the field of brain-machine interfaces. Located in Fremont, California, the company aims to develop high-bandwidth interfaces that monitor and stimulate brain activity.
The founders of Neuralink include Dongjin Seo, Elon Musk, Lisa Li, and Max Hodak. Their mission is to create devices that assist people with paralysis and to invent new technologies that expand human capabilities.
With a team of 251-500 employees, Neuralink is dedicated to pushing the boundaries of neuroscience and technology to improve lives and foster innovation.
How Much Funding Has Neuralink Raised?
- Series A
- Amount Raised: $107M
- Date: August 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their brain-machine interface technology.
- Series B
- Amount Raised: $51M
- Date: April 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further research and development efforts.
- Series C
- Amount Raised: $205M
- Date: July 2021
- Lead Investors: Vy Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations and prepare for clinical trials.
- Series D
- Amount Raised: $323.2M
- Date: August 2023
- Lead Investors: Founders Fund
- Valuation at Round: Approximately $5 billion
- Motivation Behind the Round: To advance Brain Computer Interface (BCI) technology and support upcoming clinical trials.
- Secondary Market
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Secondary Market
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Secondary Market
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Secondary Market
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Neuralink has raised a total of $686.2M with a current valuation of approximately $5 billion.
Key Investors
- Founders Fund
- Details: Founders Fund is a San Francisco-based venture capital firm established by Peter Thiel, one of Neuralink founder Elon Musk’s PayPal co-founders. The firm invests in smart people who can solve challenging problems across all phases, industries, and regions.
- Investment Focus Areas: All phases, all industries, all regions
- Notable Investments: PayPal, Palantir, SpaceX, Anduril, Flexport, Airbnb, Stripe
- Vy Capital
- Details: Vy Capital is a global technology investment firm that focuses on long-term investments in technology companies. The firm is known for its concentrated portfolio and significant investments in high-growth companies.
- Investment Focus Areas: Technology, internet, software
- Notable Investments: Reddit, Zocdoc, Robinhood
- Google Ventures (GV)
- Details: Google Ventures, also known as GV, is the venture capital investment arm of Alphabet Inc. The firm provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Life sciences, artificial intelligence, robotics, transportation, cybersecurity
- Notable Investments: Uber, Slack, Nest
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that partners with founders to build enduring companies. The firm has a long history of investing in early-stage startups and helping them grow into market leaders.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, LinkedIn
- DFJ Growth
- Details: DFJ Growth is a venture capital firm that invests in high-growth technology companies. The firm focuses on companies that have the potential to become industry leaders.
- Investment Focus Areas: Enterprise software, consumer internet, mobile, clean technology
- Notable Investments: Tesla, SpaceX, Twitter
What's Next for Neuralink?
Neuralink's recent $280 million Series D funding round, led by Founders Fund, marks a significant milestone in the company's journey. With FDA approval for its first-in-human clinical trial, Neuralink is poised to make substantial strides in brain-computer interface (BCI) technology. This opportunity could revolutionize medical treatments for neurological disorders and open new avenues in neurotechnology.
As Neuralink progresses, future fundraising opportunities seem promising. The successful Series D round and strong investor confidence suggest that additional investments are likely as the company advances its clinical trials and technological developments. However, Neuralink will need to navigate ethical and regulatory challenges, particularly concerning animal testing and human trials, to maintain its momentum.
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