Neuralink Raises $650 Million in Late-Stage Funding Round

Neuralink Corp., Elon Musk’s brain chip company, raised $650 million in a Series E funding round.

At least 11 investment firms, including ARK Investment Management, Founders Fund and Sequoia Capital, participated in the round, according to a statement released Monday. Since the previous funding round in August 2023, the company said it has enrolled five patients with severe paralysis and announced a clinical trial in Abu Dhabi on May 14.

Neuralink is one of a growing number of ventures developing brain-computer interfaces, with the near-term goal of helping paralyzed people interact more fully with the ...