Companies · Biotechnology

Neuralink Corp.

FREMONT · Biotechnology · https://neuralink.com/

Diligence memoA one-page analyst read on Neuralink Corp. — recommendation, valuation, rhythm, risks.
$1.2B
Total raised · real
5
Rounds
2.0×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Fri May 30 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Neuralink Corp. looks over-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the biotech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.24× the median modeled value of Growth/Late Biotechnology companies in 2025–2027 (5 peers) — value vs value, same stage and era.
Active
  • Last raise 13 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Biotechnology

Neuralink Corp. is one of 4291 Biotechnology companies tracked from FREMONT. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Creating a generalized brain interface to restore autonomy to those with unmet medical needs today and unlock human potential tomorrow.

Creating a generalized brain interface to restore autonomy to those with unmet medical needs today and unlock human potential tomorrow.

Find Neuralink online

Trades publicly as Neuralink.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
49
Investors (latest)
2025-05-30
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5B$5.0B$7.5B$10.0BSeries B · 2017-08-15 Raised $27M (real) Modeled valuation $1.1B (est)$27M$1.1BSeries B2017Series B · 2019-04-26 Raised $39M (real) Modeled valuation $1.6B (est)$39M$1.6BSeries B2019Series D+ · 2021-07-23 Raised $206M (real) Modeled valuation $6.0B (est)$206M$6.0BSeries D+2021Series D+ · 2023-08-04 Raised $280M (real) Modeled valuation $4.2B (est)$280M$4.2BSeries D+2023Series D+ · 2023-08-04 Raised $323M (real) Modeled valuation $4.8B (est)$323M$4.8BSeries D+2023Growth/Late · 2025-05-30 Raised $649M (real) Modeled valuation $6.4B (est)$649M$6.4BGrowth/Late2025+$39M+$206M+$280M+$323M+$649MCumulative $1.5B

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$27.0M · 2017
Series B extension$39.3M · 2019
Series D+$205.9M · 2021no Series C on file
Series D+ extension$280.3M · 2023
Series D+ extension$323.2M · 2023
Growth/Late$649.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 43%.

Modeled valuation trajectory
$6.4B
Base estimate est.
$4.0B
Conservative case
$7.6B
Upside case
$6.5B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Series B · modeled $1.1B · 2017-08-152017Series B · modeled $1.6B · 2019-04-26Series D+ · modeled $6.0B · 2021-07-23Series D+ · modeled $4.2B · 2023-08-04Series D+ · modeled $4.8B · 2023-08-04Growth/Late · modeled $6.4B · 2025-05-302025
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
72%
Survival probability
62% low · 78% high
1.34×/yr
Annual markup
1.46×/yr upside case
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$159.8M/yr
Capital velocity
8.9 yr
On record since
2017
First round
6
Rounds on file
How it compares to the market

Benchmarked against 4291 companies in Biotechnology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 173× above median
This company$1.2B
Sector median$7.2M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 1.6× above median
This company$649.0M
Sector median$403.1M
Modeled value — vs sector median (estimate, all stages) 100× above median
This company$6.4B
Sector median$64.2M

Raised more than 100% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #1 of 5.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)Eikon Therapeutics, Inc. · Growth/Late Raised $1.1B · modeled $3.8B (est)Grail, Inc. · Growth/Late Raised $2.2B · modeled $2.9B (est)Treeline Biosciences, Inc. · Growth/Late Raised $1.1B · modeled $1.9B (est)Castle Creek Biosciences, Inc. · Growth/Late Raised $839.8M · modeled $804.2M (est)Neuralink Corp. (this company) Raised $1.2B · modeled $6.4B (est)Neuralink Corp.
CompanyStageRaised · realValue · estvs peer med.
Neuralink Corp. this companyGrowth/Late$1.2B$6.4B2.24×
Eikon Therapeutics, Inc.Growth/Late$1.1B$3.8B1.32×
Grail, Inc.Growth/Late$2.2B$2.9B1.00×
Treeline Biosciences, Inc.Growth/Late$1.1B$1.9B0.65×
Castle Creek Biosciences, Inc.Growth/Late$839.8M$804.2M0.28×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$27.0M2017-08-15$149.8M$1.1B90%
Series B$39.3M2019-04-26$218.4M$1.6B90%
Series D+$205.9M2021-07-23$1.7B$6.0B90%
Series D+$280.3M2023-08-04$2.3B$4.2B90%
Series D+$323.2M2023-08-04$2.7B$4.8B90%
Growth/Late$649.0M2025-05-30$6.5B$6.4B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$27.0M2017-08-15
    • First recorded raise — entered as Series B.
    • 12 investors on this round.
  2. Series B$39.3M2019-04-26
    • Raised 20 mo later, in step with the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 7 investors on this round.
  3. Series D+$205.9M2021-07-23
    • Raised again after 27 mo — slower than the ~14 mo sector norm.
    • Round 5.2× larger than the prior — scaling up.
    • 32 investors on this round.
  4. Series D+$280.3M2023-08-04
    • Raised again after 24 mo — slower than the ~14 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 24 investors on this round.
  5. Series D+$323.2M2023-08-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 32 investors on this round.
  6. Growth/Late$649.0M2025-05-30
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 49 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~19mo cadence
$1.3B
Modeled next size est.range $847.0M$2.1B
2.0×
Last step-up
$159.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Elon Musk5 other2021-07
JARED BIRCHALL2 other2017-08
Max Hodak1 other2019-04
Registry & provenance

Neuralink Corp. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1708503
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
TBC - The Boring CoEnergyGrowth/Late$904.9M$7.5Bnetwork2 shared operators · same stage
Intarcia Therapeutics, IncBiotechnologyGrowth/Late$1.2B$8.4Bsame sector · same stage
Eikon Therapeutics, Inc.BiotechnologyGrowth/Late$1.1B$3.8Bsame sector · same stage
Treeline Biosciences, Inc.BiotechnologyGrowth/Late$1.1B$1.9Bsame sector · same stage
Juno Therapeutics, Inc.BiotechnologyGrowth/Late$1.1B$1.3Bsame sector · same stage
Grail, Inc.BiotechnologyGrowth/Late$2.2B$2.9Bsame sector · same stage
Inhibrx, Inc.BiotechnologyGrowth/Late$668.6M$3.3Bsame sector · same stage
ImmunityBio, Inc.BiotechnologyGrowth/Late$640.1M$7.8Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Brain Code IncBiotechnologySeries A$32.9M80%
Brain Tunnelgenix Technologies CorpBiotechnologySeries B$86.4M79%
Neurotrigger Ltd.BiotechnologySeed$1.7M78%
Brainsway Ltd.BiotechnologySeries B$128.2M78%
Brainbox Solutions, Inc.BiotechnologySeries B$67.7M78%
BrainTrust BIO Inc.BiotechnologyPre-Seed$14.2M78%
NeuroGeneCES LLCBiotechnologyPre-Seed$7.2M78%
Great Lakes Neuroscience, IncBiotechnologyPre-Seed$17.1M77%
Frequently asked
How much funding has Neuralink Corp. raised?
Neuralink Corp. has raised approximately $1.2B in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Neuralink Corp.'s estimated valuation?
Provath's modeled valuation for Neuralink Corp. is approximately $6.4B (modeled range $4.0B–$7.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Neuralink Corp. at?
Neuralink Corp.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Fri May 30.
What does Neuralink Corp. do and where is it based?
Neuralink Corp. operates in the Biotechnology sector, based in FREMONT. Creating a generalized brain interface to restore autonomy to those with unmet medical needs today and unlock human potential tomorrow.
Explore related

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