In a surprising move Peter Thiel, co-founder of Palantir and a venture capitalist has recently invested $10 million in Blackrock Neurotech, a company that does research similar to that of Elon Musk's Neuralink— mapping the brain. Peter Thiel who co-founded Paypal with Musk in 1998 is backing Blackrock Neurotech with an undisclosed stake in the company. The company, which is headquartered in Utah, has been serving the neuroscience research community with hardware and software since 2008. It is working on brain-computer interface (BCI) devices that could help improve people's cognitive abilities.
Blackrock Neurotech CEO Marcus Gerhardt in his conversation with CBNC stated that Blackrock has been generating profits since 2015 despite the tech having a limited market. This was the first time the firm had taken any significant venture capital funding.