A Significant Investment in the Future of Robotics
Tether, the company behind the world’s largest stablecoin USDT, is exploring a new multi-billion-dollar move into robotics. According to a report from the Financial Times, the firm is considering a $1.16 billion investment in Neura Robotics, a fast-growing German tech startup. Sources suggested the startup could be valued between $9.29 billion and $11.6 billion, which would place Neura among the most valuable robotics companies in Europe.
This move fits with Tether’s recent effort to spread its investments. USDT, its main stablecoin, remains highly profitable, and the company has been utilizing its strong earnings to enter new sectors. After recording over $10 billion in profit in the first three quarters of the year, Tether has expanded its portfolio to include artificial intelligence, data centers, energy infrastructure, and Bitcoin mining.
The deal, if completed, would mark one of Tether’s boldest steps yet as it continues to widen its reach beyond digital assets.
Neura Robotics' Ambitious Vision
Neura Robotics is preparing for the commercial launch of its humanoid robot. The initial versions will be designed for industrial use, but the company also plans to bring robots into home use in the future, aiming for its technology to become part of everyday life.
The startup has ambitious goals, having previously stated its intention to produce 5 million robotic devices by 2030. The company also hopes to create an “iPhone moment” for robotics.
Earlier this year, Neura successfully raised nearly $140 million from several high-profile investors, including BlueCrest, C4 Ventures, Lingotto, and the Volvo Cars Tech Fund. With this plan, Neura is set to compete with major players in the tech industry, including those developing humanoid robots for mass production like Tesla.
Tether's Strategic Expansion into AI and Robotics
Tether’s CEO, Paolo Ardoino, has demonstrated a growing interest in advanced technology, particularly in decentralized AI. The company is actively building an internal research team dedicated to developing open-source, peer-to-peer machine learning tools known as Tether AI.
A substantial investment in Neura Robotics would align strategically with Tether’s long-term vision. The company aims to establish itself as a key player not only in the cryptocurrency space but also in next-generation technologies, encompassing automation, AI, and physical robotics.
This potential deal signifies that Tether is moving beyond its primary role in digital finance. By leveraging its substantial profits, the company is strategically building influence in cutting-edge industries that are poised to shape the future of work, industry, and home technology.