The funding round was confirmed to CNBC by Blackrock Neurotech but Thiel declined to comment.

Founded in 2008 and headquartered in Salt Lake City, Utah, Blackrock has been selling hardware and software to the neuroscience research community for over a decade.

Palantir co-founder and venture capitalist Peter Thiel has invested in a company that's putting computer chips into people's heads in a bid to improve them in some way.

The early Facebook investor, who co-founded PayPal with Elon Musk in 1998, has backed the firm called Blackrock Neurotech in a $10 million financing round, taking an undisclosed amount of equity in the process.

The funding round was confirmed to CNBC by Blackrock Neurotech but Thiel declined to comment.

Founded in 2008 and headquartered in Salt Lake City, Utah, Blackrock has been selling hardware and software to the neuroscience research community for over a decade.