Funding round
Neuralink Series B
Neuralink, which works in brain-computer interface technology development in Fremont, raised $51M in a Series B round announced on 15 Apr 2019. It is Neuralink's second venture round on record; the one before was a Series A in Aug 2017.
$51M
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 came 20 months after Neuralink's Series A. It is 3.9% of the $1.29B Neuralink has raised in the venture rounds on record. Neuralink raised again 27 months later: a Series C round of $205M in Jul 2021. 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
54 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $19M, and this round was 2.8 times the median. The closest in time, other companies' Series B rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 2 Apr 2019 | $42M | not disclosed | IPGL |
| Medical Supply Manufacturers | 16 Apr 2019 | $36M | not disclosed | RC Capital |
| Medical Supply Manufacturers | 8 Apr 2019 | $30M | not disclosed | F-Prime Capital and Varian Medical Systems |
| Medical Supply Manufacturers | 18 Apr 2019 | $7.2M | not disclosed | UT Horizon Fund |
| Medical Supply Manufacturers | 26 Apr 2019 | $6.0M | not disclosed | FCA Venture Partners |
| Medical Supply Manufacturers | 8 May 2019 | $30M | not disclosed | Transformation Capital and LTP |
| CMR Surgical Medical Supply Manufacturers | 21 Jun 2019 | $100M | not disclosed | not named |
| Medical Supply Manufacturers | 19 Jun 2019 | $67M | not disclosed | Dassault Systèmes |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Neuralink raise in its Series B round?
Neuralink raised $51M in its Series B round, announced in Apr 2019.
What was Neuralink's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Medical Supply Manufacturers?
54 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $19M, and this round was 2.8 times the median.
Did Neuralink raise again after this round?
Yes: a Series C round in Jul 2021 of $205M.