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Neuralink Competitor Raises $20 Million for Brain Implants

Paradromics is one of several companies working on technology to help people interact with the outside world using their mind.

A rendering of the device.
A rendering of the device.Paradromics Inc.

A competitor to Elon Musk’s Neuralink said it raised $20 million, enough to get it on track to introduce a new generation of powerful and tiny electrodes to the human brain.

Paradromics Inc., founded in 2015 about a year ahead of Neuralink, is building brain-computer interfaces that could help people with disorders ranging from paralysis to speech impediments.