Elon Musk-Backed Brain Chip Company Neuralink Gets $280 Million In Funding From Peter Thiel-Backed Fund
Portfolio Pulse from Chris Katje
Neuralink, co-founded by Elon Musk, has received a $280 million investment in a Series D funding round led by Founders Fund, a venture capital firm co-founded by Peter Thiel. This comes months after Neuralink received FDA clearance to begin trials for brain chips implanted into humans. The company, which was valued at $5 billion in June, did not disclose what the funds would be used for.
August 08, 2023 | 10:46 pm
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NEUTRAL IMPACT
The news does not directly impact PayPal, but it highlights the ongoing relationship between Peter Thiel and Elon Musk, who co-founded PayPal.
The news does not directly impact PayPal. However, it highlights the ongoing relationship between Peter Thiel and Elon Musk, who co-founded PayPal. This could potentially influence investor sentiment towards PayPal, but the direct impact is minimal.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
POSITIVE IMPACT
Elon Musk's Neuralink has secured $280 million in funding, which could indirectly benefit Tesla as it may enhance Musk's reputation as a successful entrepreneur and innovator.
While the news is directly about Neuralink, it indirectly affects Tesla as Elon Musk is the CEO of both companies. The successful funding round for Neuralink could enhance Musk's reputation as a successful entrepreneur and innovator, which could positively impact investor sentiment towards Tesla.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50