Both startups are making devices that they'll implant in human brains

New York-based Synchron Inc.—a competitor to Elon Musk’s brain-machine interface company, Neuralink—has won financial backing from Neuralink’s co-founder and former president.

Max Hodak, who left Neuralink last year, has invested in Synchron and joined its advisory board, he wrote in a blog post on Friday. He did not say how much he was investing.

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