Elon Musk's brain-chip startup, Neuralink raises over $200 million

Billionaire entrepreneur ElonMusk's brain-chip startup, Neuralink,has raised $205 million in fundingfrom Alphabet Inc's Google Ventures.

Neuralink aims to implant wireless brain-computer chips to help cure neurological conditions including Alzheimer's, dementia, and spinal cord injuries and fuse humankind with artificial intelligence.

The company released a video in April showing a male macaque playing a videogame "Mind Pong" after getting chips embedded on each side of its brain.

Valor Equity Partners, Craft Ventures and Founders Fund also participated in the series C funding round.

Co-founded byMuskin 2016, San Francisco-based Neuralink will use the funds to take its first product, N1 Link, to the market, and for research and development.

Muskhas a history of bringing together diverse experts to develop technology previously limited to academic labs through companies such as Tesla Inc, SpaceX and Boring Co.

SpaceX, a private space company, said in an amended regulatory filing in April, it had raised about $1.16 billion in equity financing.

(With inputs from agencies)