Vy Capital Leads Series C Round in Neuralink Corp
Posted on 07/30/2021
Elon Musk’s Neuralink Corp raised a Series C funding round of $205 million, led by Dubai-based Vy Capital, with participation from Google Ventures, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund, and Gigafund.
Other investors joining the round, including Robert Nelson (Co-Founder of ARCH Venture Partners), Blake Byers (Byers Capital), Sam Altman (Chairman of YC Group and CEO of OpenAI), Fred Ehrsam (Co-founder of Paradigm and Coinbase), and Ken Howery (Co-Founder of PayPal and Founders Fund). Neuralink has spent the last four years building the first high channel count brain machine interface intended for therapeutic use in patients. Neuralink was founded by Elon Musk to help those with brain injuries in the near term and “reduce AI risk to humanity in the long term.”
Neuralink’s first product, the N1 Link, is a 1024 channel device that, once implanted, is completely invisible and transmits data via a wireless connection.