Precision Neuroscience Corp, a brain technology startup founded by Benjamin Rapoport, has raised $41M.
The firm will use the funds to advance its mission of creating brain implants to cure intractable diseases like epilepsy by accelerating the regulatory process.
- Rapoport was the founding member of Elon Musk's brain computing interface company Neuralink.
- He left Neuralink in 2018 and established Precision in 2021 along with private equity investor Michael Mager.
- The startup is developing brain implants that can be placed on top of brain tissue without penetrating it.
- Precision claims that its brain implants will be less invasive compared to Neuralink.
- The New York-based startup has raised $12M in the past.
- Forepont Capital Partners led the current funding round, joined by Mubadala Capital.
- Brain-computing interface startups secured $274M in venture funding last year.