Tether, the issuer of the world’s largest stablecoin, USDT, is reportedly considering a significant investment in Neura Robotics, a German tech startup specializing in humanoid robots. Discussions are underway for a $1.16 billion funding round that could value Neura Robotics at between $9.29 billion and $11.6 billion.
Tether has consistently turned profitable, generating over $10 billion in profits through the first three quarters of the year. The company, which issues USDT, is now exploring ways to diversify its investment strategy. As part of this strategy, it has made various investments across sectors such as AI, data centers, energy infrastructure, and Bitcoin mining. This new move into robotics could signal a deeper interest in cutting-edge technologies.
Neura Robotics’ Ambitious Plans for Humanoid Robots
Neura Robotics is preparing to introduce its humanoid robots, which are initially aimed at industrial customers, with plans to eventually extend the product line to the consumer market. The company has ambitious goals, including producing 5 million units by 2030 and striving to create what it calls an “iPhone moment” for robotics.
This positioning places Neura in direct competition with Tesla, which has also announced plans to mass-produce humanoid robots.
Tether’s Focus on Robotics and AI
Neura’s upcoming humanoid robots aim to transform industries with advanced technology. The funding round is crucial for Neura as it prepares for a product launch that could revolutionize the robotics sector. Additionally, Tether’s involvement highlights the increasing role of AI and robotics in its investment focus.
Tether’s CEO, Paolo Ardoino, has already shown a keen interest in decentralized AI technologies, as evidenced by his investment in Tether AI, an internal project aimed at developing open-source, peer-to-peer machine learning systems.
Strengthening Tether’s Position in Robotics Investment
Tether’s potential backing of Neura Robotics could lead to closer collaborations in the AI and robotics fields. Neura’s plans to scale up production and expand its reach into the consumer market reflect its growing ambition within the robotics industry. This move would place Neura at the forefront of a new wave of automation, positioning the company as a key player alongside other major tech firms.
As Tether continues to explore various investment avenues, its support for Neura Robotics could help accelerate the growth of the humanoid robotics market. Neura’s progress will be closely watched, as it competes against the likes of Tesla and other AI-focused companies driving innovation in the robotics space.
The partnership also underscores the growing importance of robotics and AI in shaping the future of technology investment strategies. By engaging with Neura Robotics, Tether is not just expanding its portfolio but also solidifying its position in the rapidly developing intersection of finance, robotics, and AI.