Forbes April 30, 2024
Cryptocurrency company Tether announced an investment of $200 million into Blackrock Neurotech to take a majority stake in the Brain Computer Interface (BCI) company.
As per Reuters, “The $200m deal which closed on Friday after several months of due diligence, values Blackrock Neurotech at around $350 million, making Tether its largest shareholder.”
As a neurotech company, Blackrock has been known for their longevity, bootstrapping, and heavy reliance on public funding to drive product development. Prior to this they’d only taken on $10m in VC in 2021; this deal represents a seismic shift in the company’s history.
Here’s a brief history followed by some informed speculation about what this deal might mean for the company and the field moving forward.
Who...
Today's Sponsors
Today's Sponsor