Elon Musk’s Neuralink Raises $600M at $9B Valuation
Neuralink, Elon Musk’s ambitious brain implant startup, has secured $600 million in a new funding round, elevating the company’s valuation to a staggering $9 billion pre-money, according to a report by Semafor. The funding marks a significant vote of confidence in Neuralink’s vision of creating advanced brain-machine interfaces.
The specifics of the investors participating in this latest round remain undisclosed. Prior to this, Neuralink had raised $43 million in venture capital in November 2023. Earlier in June 2023, Reuters reported the company’s valuation at approximately $5 billion, highlighting the rapid growth and increasing investor interest in Neuralink’s technology.
Requests for comment from Neuralink were not immediately returned outside of regular business hours.
The Semafor report aligns with earlier reporting by Bloomberg in April, which indicated that Neuralink was aiming to raise $500 million at a pre-money valuation of $8.5 billion. This new funding round surpasses those expectations, demonstrating strong investor enthusiasm.
Neuralink achieved a significant milestone last year by receiving “breakthrough device” clearance from the U.S. FDA. To date, three individuals have received Neuralink implants. In a remarkable demonstration of the technology’s potential, a nonverbal patient recently shared a video showcasing how he utilizes a Neuralink implant to edit and narrate YouTube videos using only his brain signals.
