data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/elon-musk/profileshow/79257472.cms”>Elon Musk‘s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/brain-implant” target=”_blank”>brain implant company ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/neuralink” target=”_blank”>Neuralink is planning to raise about $500 million at a pre-money ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/valuation” target=”_blank”>valuation of $8.5 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
The company has started preliminary discussions with potential investors, but terms of the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/funding-round” target=”_blank”>funding round are not yet finalized, according to the report.
Neuralink did not immediately respond to a Reuters request for comment.
The startup was estimated to be valued at $5 billion in 2023, based on privately executed stock trades described to…
