Tether may lead $1.2 billion round in German Robotics startup: FT
Tether is reportedly considering leading a $1.16 billion funding round for German robotics startup Neura Robotics.Summary
Tether, the issuer of the largest stablecoin USDT, is reportedly mulling a $1.16 billion funding round in the German tech startup Neura Robotics, according to the Financial Times. This potential deal was discussed at a valuation for Neura Robotics between $9.29 billion and $11.6 billion. Tether has been actively diversifying its investment portfolio, having generated over $10 billion in profits in the first three quarters of the year, with investments spanning AI, data centers, energy infrastructure, and bitcoin mining. Neura Robotics is seeking investment as it prepares to sell its humanoid robot, initially targeting industrial customers before expanding to home use, aiming for an "iPhone moment" in robotics. Neura Robotics previously raised nearly $140 million in January and will compete with companies like Tesla in the robotics space.
(Source：The Block)