Fred Ehrsam, the co-founder of Coinbase and Paradigm, has secured $100 million in funding for his new startup, aiming to develop brain-computer interface (BCI) technology.
This ambitious venture seeks to create devices that facilitate direct communication between the human brain and computers, potentially revolutionizing how people interact with digital environments.
We’ve raised a $100M Series A from @ThriveCapital, @greenoaks, and a host of great angels.
Everyone’s brain can work better. Engineering that idea into reality is the most impactful advancement we can make to life. https://t.co/0vU2xxV4aU
— Fred Ehrsam (@FEhrsam) July 22, 2025
The startup, backed by investors including Andreessen Horowitz and Sequoia Capital, is exploring non-invasive and implantable devices to enable seamless connections between neural activity and computing systems. Ehrsam’s vision is to leverage this technology for a variety of applications such as medical treatment, enhanced cognitive capabilities, and new forms of interaction with the digital world.
Ehrsam’s experience with Coinbase, where he helped build one of the world’s leading cryptocurrency exchanges, is notable for its focus on cutting-edge technology and innovation. His shift to brain-interface technology represents a bold move into neurotechnology, reflecting a broader trend where tech entrepreneurs invest in merging biology with machines.
The brain-computer interface field has garnered significant attention recently, fueled by advances in neuroscience, AI, and computing power. Companies like Neuralink have popularized the concept with high-profile demonstrations, but Ehrsam’s startup promises a different approach that may focus more on consumer-friendly and scalable solutions.
This new venture aligns with Ehrsam’s interest in expanding human-machine interaction beyond conventional methods, potentially enabling users to control devices, communicate, or enhance their mental functions through thought alone. While technical challenges remain, such as ensuring safety, accuracy, and privacy, the successful development of BCIs could transform healthcare, accessibility, and human productivity.
Conversely, Coinbase and PNC Bank have partnered to enhance cryptocurrency accessibility for both retail and institutional clients. A recent press release detailed how PNC users can now securely buy, sell, or hold digital assets through Coinbase’s Crypto-as-a-Service platform. This collaboration aligns with the growing support for digital finance from U.S. regulators, positioning Coinbase and Nudge to leverage advanced technologies for the future of finance and health tech.
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