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Race is on to beat Musk to develop thought-controlled devices

Precision Neuroscience, maker of a ‘brain-computer interface’, has raised more than $100mn in latest investment round
Precision Neuroscience’s Layer 7 Cortical Interface is a scalable brain-computer interface

Precision Neuroscience, a company developing a device for controlling smartphones and computers through thought, has raised $102mn as it races rivals such as Elon Musk to build the novel technology.

The New York-based group’s latest investment round, which gives it a post-money valuation of about $500mn, tops the $75mn raised by Synchron, another so-called brain-computer interface (BCI) company.

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