Neuralink’s brain computer interface consists of a chip that is surgically implanted in the skull, as well as electrodes that connect to the brain’s cerebral cortex. It’s designed to allow people to control a computer or mobile device.
The latest fundraise included investors ARK Invest, Founders Fund, G42, Lightspeed, Sequoia Capital and others. Neuralink previously raised $280 million in a Series D round in 2023.
Last year, Noland Arbaugh became the first person to receive the implant, which allowed him to move a cursor on a screen and play video games.
Since then, Neuralink has sought additional applications. The company said last month it received the Food and Drug Administration’s breakthrough designation to help restore communication for individuals with severe speech impairment. In Monday’s announcement, Neuralink also said it had received breakthrough designation for vision restoration programs.
