Precision, a rival of Musk's Neuralink, has raised $93 million in financing, with an estimated valuation of approximately $500 million.

According to informed sources, Precision Neuroscience Corp., a competitor of Elon Musk's brain-computer interface company Neuralink, has raised $93 million in a $100 million funding round. This transaction values the startup at approximately $500 million. The new round of financing gives a boost to Precision as the company is seeking to compete with other companies in the field such as Neuralink and Science. A spokesperson for Precision declined to comment. A document from the US Securities and Exchange Commission shows that the company has applied to raise up to $150 million. (Zhitong Finance)