Precision Neuroscience raises $250m at a $1bn valuation, NYT reports
Precision Neuroscience has raised $250m in a Series D round for its brain-computer interface, the New York company announced on Thursday. Bill Ackman’s Pershing Square, the Ackman Oxman Institute and an unnamed life sciences fund led the round.
The round values Precision at just over $1bn, The New York Times reported. Pershing Square and the institute put in $42.5m of the total, according to the Times. Precision, which started in 2021, has now raised $430m in total.
Ackman’s first bet
Ackman founded the Ackman Oxman Institute, a brain research centre in Manhattan, with his wife, Neri Oxman. TNW covered his plans for the institute in August. Precision is the institute’s first investment, the Times reported. Ackman told the paper that Precision’s less invasive approach was part of what drew him in.
“We have learned that the brain can recover from even catastrophic injury, and that there is far...
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