Neuralink
Unicorn · $9BFremont, US · Founded 2016 · Nevada corporation · 30 known investors
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Neurotechnology company developing implantable brain-computer interfaces for people with paralysis and vision loss.
Also known as Neuralink Corp. · Neuralink Corporation
Founders & leadership
Neuralink was founded in 2016 by ELON MUSK.
Board
Investors · 30
Also in the syndicate · 5
Reported raises · per SEC filings
Form D private placements$1.2B disclosed across 5 of 6 rounds · 2017–2025
▶$649MraisedJun 2025 · 49 investors · BiotechnologyRule 506(b)
- JARED BIRCHALLExecutive Officer, Director
- ELON MUSKExecutive Officer
- Offering amount
- $649M
- Amount sold
- $649M
- Minimum investment
- $12K
- First sale
- May 2025
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$323.2MraisedNov 2023 · 32 investors · BiotechnologyRule 506(b)
- Elon MuskExecutive Officer
- Jared BirchallExecutive Officer, Director
- Offering amount
- $323.2M
- Amount sold
- $323.2M
- Minimum investment
- $15K
- First sale
- Aug 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$205.9MraisedAug 2021 · 32 investors · BiotechnologyRule 506(b)
- ELON MUSKExecutive Officer
- JARED BIRCHALLExecutive Officer, Director
- Offering amount
- $205.9M
- Amount sold
- $205.9M
- Minimum investment
- $50K
- First sale
- Jul 2021
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$39.3MraisedMay 2019 · 7 investors · BiotechnologyRule 506(b)
- Max HodakExecutive Officer
- Jared BirchallExecutive Officer, Director
- Offering amount
- $51.3M
- Amount sold
- $39.3M
- Minimum investment
- $150K
- First sale
- Apr 2019
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$27MraisedAug 2017 · 12 investors · BiotechnologyRule 506(b)
- Jared BirchallExecutive Officer, Director
- Offering amount
- $100.2M
- Amount sold
- $27M
- Minimum investment
- $10K
- First sale
- Aug 2017
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Neuralink Corp. is an American neurotechnology company developing implantable brain-computer interfaces (BCIs) that translate neural signals into commands for external devices. Its implant system uses ultra-thin flexible threads (4-6 micrometers wide) placed into the brain by a robotic insertion device, connected to a coin-sized chip that records and decodes activity from groups of neurons. The company's first system, Telepathy, uses 64 threads carrying 1,024 electrodes and is aimed at enabling people with severe paralysis to control computers, phones and robotic devices with their thoughts.
Beyond Telepathy, Neuralink has disclosed a vision-restoration program called Blindsight, intended for people whose visual cortex remains intact, including those who have lost both eyes and the optic nerve; the U.S. FDA granted Blindsight a Breakthrough Device designation in September 2024. A separate speech-restoration application received Breakthrough Device designation in May 2025, covering severe speech impairment from conditions such as ALS, stroke, spinal cord injury, cerebral palsy and multiple sclerosis. Company materials also reference a program addressing tremor and Parkinson's disease. Musk has framed the long-term objective as human enhancement and "symbiosis with artificial intelligence," beyond the near-term medical goals of treating brain and spinal injuries and neurological disease.
The company is headquartered in Fremont, California, having previously occupied the Pioneer Building in San Francisco's Mission District alongside OpenAI, and has reported plans for a three-story office and manufacturing facility in Del Valle, Texas, near Tesla's Gigafactory Texas, plus a leased office building in South San Francisco.
Founding story
Neuralink was founded on June 21, 2016 by Elon Musk together with a team of eight scientists and engineers: Max Hodak, Benjamin Rapoport, Dongjin (DJ) Seo, Paul Merolla, Philip Sabes, Tim Gardner, Tim Hanson and Vanessa Tolosa, assembled after Musk met with more than a thousand candidates and spanning neuroscience, microscale electronics, biochemistry, robotics and biomedical engineering. Musk's interest grew from his concern that artificial intelligence could outpace human capability, and from the "neural lace" concept in Iain M. Banks' The Culture novels, which he described as a digital layer above the cortex. Seo was recruited on the strength of his UC Berkeley doctoral work on Neural Dust, a wireless ultrasonic in-body sensor; Hodak, previously founder of the lab-robotics company Transcriptic (later Strateos), became Neuralink's first president. Neuralink acquired rights to the "NeuraLink" name and an early prototype from neuroscientists Pedram Mohseni and Randolph Nudo after Musk's representatives approached them in January 2017.
Business model
Neuralink develops proprietary implantable hardware, the surgical robot that inserts it, and the signal-processing software, positioning the system as a medical device that would be implanted in patients at clinical sites. Its activity to date is pre-commercial: devices are supplied to participants in company-sponsored clinical trials rather than sold, and commercialization depends on regulatory approval, manufacturing scale-up and reimbursement.
The company is not generating disclosed product revenue; intended future revenue would come from paid implant procedures using its Telepathy and Blindsight systems, with third-party projections describing roughly $100 million of revenue by 2029 from about 2,000 annual Telepathy procedures, $500 million by 2030 and $1 billion by 2031 across around 20,000 procedures at specialized clinics. These figures are forward projections contingent on regulatory approval and insurance coverage.
Traction
The first human implant was announced in January 2024; a third patient was reported implanted in January 2025; five patients had received implants and were controlling digital and physical devices as of June 2025; and 12 people worldwide had been implanted by September 2025, across the United States, Canada, the United Kingdom and the UAE. Four clinical trials of the Telepathy system were running as of mid-2025, with a stated goal of enrolling 20-30 participants globally by the end of 2025 and expansion to Germany and further sites. In the CONVOY study, ALS participant Nick Wray used a robotic arm to drink from a cup, microwave food and open a refrigerator, moving 39 cylinders in five minutes on a dexterity test, and participant Rocky Stoutenburgh moved a robotic arm to his face by thought alone.
Latest developments
In June 2025 Neuralink announced the close of a $650 million round with participation from ARK Invest, Founders Fund, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners and others, stating the capital would extend the technology to more patients and fund devices that deepen the link between biological and artificial intelligence. A speech-restoration device received FDA Breakthrough Device designation in May 2025. In August and September 2025, Toronto's University Health Network performed Canada's first Neuralink implant surgeries on two patients with cervical spinal cord injuries, the first such procedures outside the United States, and in October 2025 CONVOY participants demonstrated thought-controlled robotic-arm tasks.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Neuralink is the most prominent and best-capitalized company in implantable brain-computer interfaces, a field that grew out of decades of academic work following the first human implant in 1998 and neural-prosthetic control demonstrations in 2012. The global BCI market was valued at $2 billion in 2023 and projected at $6.2 billion by 2030, a 17.8% CAGR, with demand driven by dementia, Parkinson's disease, epilepsy and spinal cord injury. Competing developers include Synchron, Paradromics and Precision Neuroscience; Paradromics announced its own first human implant in June 2025.
Neuralink integrates the implant, the robotic insertion system and the decoding software in a single vertically developed platform, using large numbers of very thin penetrating threads for high channel counts and a fully implanted, wireless form factor. Critics counter that the underlying capabilities were previously demonstrated in academia and that Neuralink's contribution is largely packaging and wireless data transmission, while competitors such as Precision Neuroscience pursue surface rather than penetrating electrodes to reduce tissue damage.
Technology
The system is fully implantable and wireless. A surgical robot inserts 64 polymer threads thinner than a human hair, bearing 1,024 electrodes, into targeted cortex; the threads connect to a custom implanted chip that records and modulates neural activity and streams decoded signals for real-time control of cursors, software and robotic effectors. Earlier animal-stage hardware used up to 1,500 electrodes. Reported trial performance includes cursor control above 9 bits per second, 3D CAD and video-game operation, and multi-dimensional robotic-arm control.
Go-to-market
Access today is through company-run clinical trials with recruiting hospital partners and a public patient registry opened in early 2023 for volunteers with qualifying conditions. Trials include the PRIME study in the United States, CAN-PRIME in Canada with Health Canada approval, GB-PRIME in the United Kingdom with University College London Hospitals and Newcastle upon Tyne Hospitals NHS Foundation Trust, a UAE site via Cleveland Clinic Abu Dhabi, and the CONVOY robotic-arm study approved by the FDA in late 2024. FDA Breakthrough Device designations for Blindsight and speech restoration are intended to speed regulatory review.
People with severe paralysis, including from cervical spinal cord injury and ALS, who would use the implant to operate computers, smartphones, wheelchairs and robotic arms; prospective future groups include blind individuals with an intact visual cortex, people with severe speech impairment, and patients with tremor or Parkinson's disease. Clinical delivery runs through hospital and academic partners.
Geography
Headquartered at 7400 Paseo Padre Pkwy, Fremont, California, with a planned Austin-area facility in Del Valle, Texas and a leased South San Francisco office. Clinical activity spans the United States, Canada (Toronto's University Health Network), the United Kingdom (UCLH and Newcastle upon Tyne Hospitals) and the United Arab Emirates (Cleveland Clinic Abu Dhabi), with Germany named as a planned addition.
History
The company operated quietly until it was first publicly reported in March 2017 and formally launched in April 2017 with a stated near-term goal of treating serious brain disease. Jared Birchall, who runs Musk's family office, was listed as CEO, CFO and president in 2018, while Musk held majority ownership without an executive title. Co-founder Benjamin Rapoport left in 2018 over safety concerns and later founded Precision Neuroscience; by August 2020 only three of the eight founding scientists remained, amid reported internal tension between compressed timelines and the pace of scientific work. By 2019 Neuralink had raised $158 million, including $100 million from Musk, employed about 90 people, and demonstrated a sewing-machine-like thread-insertion device and a 1,500-electrode readout in a lab rat at a June 2019 launch event. In April 2021 it showed a monkey playing Pong via an implant. FDA clearance for a first human trial came in May 2023, and the first human implant was announced on January 29, 2024, in patient Noland Arbaugh. Headquarters moved from San Francisco to Fremont, California by 2022, and the company was reincorporated in Nevada from Delaware in February 2024.
Risks & controversies
Neuralink has been criticized over the number of primates euthanized after implant experiments, with veterinary records reported to show complications from surgically implanted electrodes, and Reuters reported in December 2022 that the company faced federal scrutiny of its animal-testing program. Reporting has described internal conflict and repeatedly slipped timelines, with human trials moving from a 2020 target to 2023. Ethicists have questioned the company's clinical-trial conduct and warned of spillover reputational effects for the wider neurotechnology field, and neuroscientists have disputed the novelty of the technology. Commercialization remains distant and dependent on regulatory approval, manufacturing scale-up and reimbursement; the shares are privately held and illiquid.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 3
by search overlapCompanies competing with Neuralink for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 16
launches, deals, and filingsALS participant Nick Wray used a robotic arm to drink from a cup, microwave food and open a refrigerator, and moved 39 cylinders in five minutes on a dexterity test.
Toronto's University Health Network performed Canada's first Neuralink implants on two patients with cervical spinal cord injuries in August and September 2025.
Round included ARK Invest, Founders Fund, Sequoia Capital, Thrive Capital and Lightspeed Venture Partners; proceeds earmarked for reaching more patients and new device development.
$650M source ↗
The designation covers severe speech impairment from ALS, stroke, spinal cord injury, cerebral palsy, multiple sclerosis and other neurological conditions.
The company said a third human had been implanted and that the interface was working well, without providing specifics.
Trial began in the United Kingdom in partnership with University College London Hospitals and Newcastle upon Tyne Hospitals NHS Foundation Trust; UAE trials run via Cleveland Clinic Abu Dhabi.
Neuralink's vision-restoration device Blindsight received U.S. Breakthrough Device status, intended to accelerate development.
Company reported as incorporated in February 2024, moving from Delaware to Nevada.
Musk said Neuralink had successfully implanted its device in a human who was recovering; the patient was later identified as Noland Arbaugh.
Musk announced the coin-sized Telepathy chip with over 1,000 electrodes described as 20 times finer than hair.
The CONVOY study allows PRIME study participants to control robotic arms by thought.
Reuters reported that Neuralink faced federal scrutiny over its animal testing practices.
Neuralink streamed a public event demonstrating ultra-thin threads inserted by a robotic device and a system reading from 1,500 electrodes in a lab rat.
The company announced a near-term aim of building devices to treat serious brain diseases, with a longer-term goal of human enhancement.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
Exclusive: Accounting AI startup Rillet reaches unicorn status with $1 billion valuation. Its founder says he wants to give CFOs back their weekends | Fortunefortune.com · Aug 2026▸Research sources · 7
primary sources listed
- Neuralink - Wikipediaen.wikipedia.org · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Neuralink do?
- Neurotechnology company developing implantable brain-computer interfaces for people with paralysis and vision loss.
- Who founded Neuralink?
- Neuralink was founded by ELON MUSK in 2016.
- Who are Neuralink's investors?
- Neuralink's investors include Advaita Capital, Aurum Venture Partners, Beyond Capital, Dreamers VC, Founders Fund, Gestio Capital, Gigafund, GV (Google Ventures) and 17 more.
- How much funding has Neuralink raised?
- Neuralink has disclosed $1.2B raised across 5 of its 6 known rounds.
- Where is Neuralink headquartered?
- Neuralink is headquartered in Fremont, US.









