<p>Billionaire entrepreneur Elon Musk's brain-chip startup, Neuralink, has raised $205 million in a funding round led by Dubai-based venture capital firm Vy Capital, with participation from Alphabet Inc's Google Ventures, the company said on Thursday.</p>.<p>Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer's, dementia and spinal cord injuries and fuse humankind with artificial intelligence.</p>.<p>The company released a video in April showing a male macaque playing a videogame "Mind Pong" after getting chips embedded on each side of its brain.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/economy-business/i-pump-but-dont-dump-bitcoin-says-elon-musk-1011391.html" target="_blank">'I pump but don't dump' bitcoin, says Elon Musk </a></strong></p>.<p>"First @Neuralink product will enable someone with paralysis to use a smartphone with their mind faster than someone using thumbs," Musk tweeted in June.</p>.<p>"The device is implanted flush with skull & charges wirelessly, so you look & feel totally normal," he added. </p>.<p>Valor Equity Partners, Craft Ventures and Founders Fund also participated in the series C funding round. </p>.<p>Co-founded by Musk in 2016, San Francisco-based Neuralink will use the funds to take its first product, N1 Link, to the market, and for research and development.</p>.<p>Musk has a history of bringing together diverse experts to develop technology previously limited to academic labs through companies such as Tesla Inc, SpaceX and Boring Co.</p>.<p>SpaceX, a private space company, said in an amended regulatory filing in April, it had raised about $1.16 billion in equity financing. </p>
<p>Billionaire entrepreneur Elon Musk's brain-chip startup, Neuralink, has raised $205 million in a funding round led by Dubai-based venture capital firm Vy Capital, with participation from Alphabet Inc's Google Ventures, the company said on Thursday.</p>.<p>Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer's, dementia and spinal cord injuries and fuse humankind with artificial intelligence.</p>.<p>The company released a video in April showing a male macaque playing a videogame "Mind Pong" after getting chips embedded on each side of its brain.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/economy-business/i-pump-but-dont-dump-bitcoin-says-elon-musk-1011391.html" target="_blank">'I pump but don't dump' bitcoin, says Elon Musk </a></strong></p>.<p>"First @Neuralink product will enable someone with paralysis to use a smartphone with their mind faster than someone using thumbs," Musk tweeted in June.</p>.<p>"The device is implanted flush with skull & charges wirelessly, so you look & feel totally normal," he added. </p>.<p>Valor Equity Partners, Craft Ventures and Founders Fund also participated in the series C funding round. </p>.<p>Co-founded by Musk in 2016, San Francisco-based Neuralink will use the funds to take its first product, N1 Link, to the market, and for research and development.</p>.<p>Musk has a history of bringing together diverse experts to develop technology previously limited to academic labs through companies such as Tesla Inc, SpaceX and Boring Co.</p>.<p>SpaceX, a private space company, said in an amended regulatory filing in April, it had raised about $1.16 billion in equity financing. </p>