Elon Musk's brain-computer interface startup Neuralink secured $650 million in series E funding to expand patient access to its technology and build new devices, the company announced in a blog post. Investors ARK Invest, DFJ Growth, Founders Fund, G42, Human Capital, Lightspeed, QIA, Sequoia Capital, Thrive Capital, Valor Equity Partners and Vy Capital backed the series E round, among others.

The company's brain-computer interface technology is designed to give paralyzed patients the ability to control digital devices using only their minds. The company's N1 implant includes 1,024 electrodes distributed among 64 threads, according to the company's website.