Neuralink

Neuralink

Develops brain-computer interfaces for medical use

About Neuralink

Simplify's Rating
Why Neuralink is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Robotics & Automation

AI & Machine Learning

Healthcare

Company Size

201-500

Company Stage

Series D

Total Funding

$667.3M

Headquarters

Fremont, California

Founded

2016

Overview

Neuralink develops brain-computer interfaces (BCIs) that enable direct communication between the brain and external devices. Its main product, the N1 Implant, is a small, fully implantable device that allows users to control computers or mobile devices. The implant works by processing neural signals with custom low-power chips and transmitting the data wirelessly to a dedicated application, which translates brain activity into computer commands. What sets Neuralink apart from competitors is its focus on both medical applications for individuals with mobility issues and the potential for cognitive enhancement for a broader audience. The company's goal is to restore autonomy to those with unmet medical needs while exploring the possibilities of human-computer interaction.

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Simplify's Take

What believers are saying

  • Regulatory approval in Canada opens international expansion opportunities for Neuralink.
  • The University of Miami trial site enhances Neuralink's credibility and research partnerships.
  • Neuralink's new Texas facility indicates commitment to scaling operations and production capacity.

What critics are saying

  • Increased competition from Paradromics and Inbrain threatens Neuralink's market share.
  • The SEC investigation could damage Neuralink's reputation and investor confidence.
  • Developing the Blindsight device may divert resources from the primary N1 Implant product.

What makes Neuralink unique

  • Neuralink's N1 Implant is a cosmetically invisible, fully implantable brain-computer interface.
  • The R1 Robot ensures precise, minimally invasive implantation of ultra-thin electrode threads.
  • Neuralink's technology translates brain activity into computer commands, enhancing patient autonomy.

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Funding

Total Funding

$667.3M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$323M
Neuralink

Benefits

An opportunity to change the world and work with some of the smartest and the most talented experts from different fields.

Growth potential. We rapidly advance team members who have an outsized impact.

Excellent medical, dental, and vision insurance through a PPO plan; parental leave.

Flexible time off + paid holidays.

Equity + 401(k) plan.

Commuter Benefits.

Meals provided.

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

1%

2 year growth

1%
Vogue
Feb 14th, 2025
Saudi Arabia Hires Startup to Develop Brain-Computer Control Implants

A brain-computer interface (BCI) startup called Paradromics, a competitor to Elon Musk's Neuralink that's aiming to control computers using brain implants, is partnering with Saudi Arabia's megalomaniac Neom city-building project.

Refresh Miami
Jan 27th, 2025
Um To Be Prime Testing Site For Neuralink, Elon Musk’S Brain Chip Startup

By Nancy DahlbergElon Musk may have Washington on his mind, but his brain chips are headed to Miami.Neuralink, Musk’s startup,  has selected the University of Miami’s Miller School of Medicine to be the second US clinical trial site to test whether its brain chip – a brain-computer interface implant – can give people who are paralyzed the ability to use only their thoughts to control their smartphones, computers and other electronic devices.“The Miami Project to Cure Paralysis and the University of Miami are renowned for their pioneering research in neural interfaces for the treatment of debilitating neurological conditions such as spinal cord injury and ALS. We look forward to partnering with them as a site for our PRIME Study,” DJ Seo, co-founder, president and COO at Neuralink, said in a statement.The Neuralink PRIME (Precise Robotically Implanted Brain-Computer Interface) Study will seek to assess the safety and functionality of Neuralink’s N1 Implant. This brain-computer interface (BCI) implant establishes a wireless, digital link between the brain and computers. The study will also evaluate Neuralink’s R1 Robot, a surgical robot that precisely and rapidly places the N1 Implant’s ultra-fine electrode threads within microns of targeted neurons.“This study will use the latest technological advances in BCI approaches for improving function and quality of life in individuals living with the consequences of chronic spinal cord injury, as well as amyotrophic lateral sclerosis (ALS),” said Dr. Allan Levi, a UM professor and chair of neurological surgery and a co-investigator, in the announcement.The implant procedure will be carried out by Neuralink scientists and a multidisciplinary team of neurosurgeons, neuroscientists and biomedical engineers at The Miami Project to Cure Paralysis and the Miller School of Medicine.The procedure is less invasive than other types of brain surgeries because the Neuralink procedure occurs on the superficial surface area of the brain and requires a relatively small incision, he told the Miami Herald. “I really think it’s going to be a game changer.” Neuralink was founded in 2016

WeavePay
Dec 19th, 2024
Issue #47

Founded by ex-Neuralink co-founder Ben Rapoport, it competes with Elon Musk's Neuralink, which has raised over $685 million.

Bitcoin with Money
Dec 13th, 2024
SEC Reopens Investigation on Neuralink and Musk's Twitter Deal

In 2023, the Physicians Committee for Responsible Medicine and four US lawmakers urged the SEC to investigate Neuralink for possible securities fraud, alleging that the company made misleading claims about its technology.

IoT World Today
Dec 9th, 2024
Elon Musk Brain Chip Test Approved in Canada

The regulatory approval comes as Neuralink is expanding its presence in Texas, where the company is building a $14.7 million facility in Del Valle.

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