Elon Musk’s Neuralink closes a $650M Series E

Elon Musk’s brain computer interface startup Neuralink closed a $650 million funding round, the company announced in a blog post on Monday. The Series E fundraise included investors such as ARK Invest, Founders Fund, Sequoia Capital, and Thrive Capital, among others.

Neuralink last raised a $280 million Series D funding round in 2023, with an additional $43 million tranche added months later. Since then, Neuralink’s brain chip technology has made some significant leaps.

The company says it has now conducted more human clinical trials, implanting its brain chips in five individuals with severe paralysis. In May, Neuralink received breakthrough device designation from the U.S. Food and Drug Administration, a program intended to speed up development, assessment, and review processes for experimental technologies.

Semafor reported last week that this latest deal values Neuralink at around $9 billion pre-money.