Funding round
Neuralink Series A
Neuralink, which works in brain-computer interface technology development in Fremont, raised $107M in a Series A round announced on 1 Aug 2017. It is Neuralink's first venture round on record.
$107M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Neuralink did not disclose a valuation in this round. It is Neuralink's first venture round on record, 1 year after it was founded in 2016. It is 8.3% of the $1.29B Neuralink has raised in the venture rounds on record. Neuralink raised again 20 months later: a Series B round of $51M in Apr 2019. Its next priced round, a Series E in Jun 2025, valued it at $9.60B.
Neuralink's funding rounds
Neuralink has 5 venture rounds on record. This one is highlighted.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
58 Series A rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $6.3M, and this round was 17 times the median. The closest in time, other companies' Series A rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 7 Aug 2017 | $20M | not disclosed | US Venture Partners |
| Medical Supply Manufacturers | 25 Aug 2017 | $2.2M | not disclosed | not named |
| CMR Surgical Medical Supply Manufacturers | 18 Sep 2017 | $46M | not disclosed | not named |
| Medical Supply Manufacturers | 18 Sep 2017 | $8.3M | not disclosed | AO Invest AG and AO Invest |
| Medical Supply Manufacturers | 26 Sep 2017 | $5.0M | not disclosed | HBM-MedFocus and Invus |
| Medical Supply Manufacturers | 27 Sep 2017 | $3.5M | not disclosed | MicroPort Scientific Corporation |
| Medical Supply Manufacturers | 19 Oct 2017 | $8.5M | not disclosed | Intel Capital |
| Medical Supply Manufacturers | 15 Jun 2017 | $7.5M | not disclosed | Yonghua Investment Management Co., Ltd. |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Neuralink raise in its Series A round?
Neuralink raised $107M in its Series A round, announced in Aug 2017.
What was Neuralink's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Medical Supply Manufacturers?
58 Series A rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $6.3M, and this round was 17 times the median.
Did Neuralink raise again after this round?
Yes: a Series B round in Apr 2019 of $51M.