Neuralink Rival Precision Neuroscience Buys Factory to Make Brain Implants

Precision Neuroscience, a brain-computer interface (BCI) startup, has acquired a Texas factory where it will fabricate key components of its brain implant, the Layer 7 Cortical Interface. 

The facility, which is located in Dallas, could accelerate the company's product development plans and ahead of its regulatory approval, which it hopes to get in 2024.

Precision’s neural technology, like Neuralink’s own implant, is designed to aid people with paralysis and other mobility issues control digital devices remotely using their brain signals. 

The company has already commenced human trials with at least three subjects for its flagship brain implant. The device is thinner than a human hair and once implanted, it sits in the brain tissue while causing minimal damage, Precision claims.

The factory “allows us to iterate really quickly, improve performance, longevity, different form factors of the device — all the things that we’ve always wanted to do, we can now do in much quicker succession,” co-founder and CEO Michael Mager told CNBC.

Founded in 2021, Precision has raised $53 million in venture funding to bring its brain implants to market. The company was created by Michael Mager and Benjamin Rapoport, who also co-founded Elon Musk’s Neuralink.