Neuralink Rival Precision Neuroscience Raises $93 Million
- Brain device startup valued at $500 million in funding round
- Investors bet on tech to augment humans through brain implants
Startups working on brain implants and related technology have gained considerable momentum in recent months.
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Precision Neuroscience Corp., a brain implant rival to Elon Musk’s Neuralink Corp., has raised $93 million of a planned $100 million funding round, according to a person familiar with the situation. The deal valued the startup at about $500 million.
The fresh fundraising gives the company a boost as it seeks to take on Neuralink, which has raised over $685 million, and other companies in the space including Science, which has raised $150 million.