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Elon Musk’s Neurorobotics Raises $35 Million in Series A Funding
Neurorobotics, a company founded by Elon Musk, has secured $35 million in series A funding to further develop its technology that uses brain-machine interfaces to help people with paralysis and other motor disorders.
According to reports, the funding round was led by investors from Founders Fund, Khosla Ventures, and another unnamed private investor.
Neurorobotics aims to create a non-invasive, wearable device that uses neural signals to allow people to control devices with their thoughts. The company claims that its technology, called "Neuralink," will enable people to "type 80 words per minute," equivalent to a "library-statistician."
Musk, who is the CEO of Tesla and SpaceX, has been involved with the company since its inception and has been driving the development of the technology. He has stated that the ultimate goal of Neuralink is to "achieve a symbiosis between humans and AI."
Neurorobotics believes that its technology will also have the potential to treat diseases such as paralysis, Parkinson’s, and ALS, among others.
In a statement, Musk said that the funding will be used to "address the complex engineering challenges" required to develop the technology, adding that the company is "making progress" towards its goals.
With this latest round of funding, Neurorobotics has reached a total of $45 million in funding since its inception, according to reports. The company will use the funds to continue developing its technology, with a focus on commercialization and clinical trials.
