NEURA Robotics has raised $1.4 billion in funding, with Tether among major investors, to develop humanoid robots and AI technology.
NEURA Robotics, a German startup, has successfully secured up to $1.4 billion in a Series C funding round, with notable investors including Tether, Nvidia, Amazon, and Qualcomm.
The capital will be directed towards creating a "physical AI" platform and the mass production of humanoid robots, with a goal of releasing several million units by 2030.
The company is also developing the Neuraverse ecosystem, designed for robots to share skills and learn from real-world experiences. Unlike traditional industrial robots, NEURA's creations are built for collaboration with humans across various sectors, including everyday tasks, healthcare, and logistics.
Tether aims to implement decentralized payment solutions within the robots, allowing them to perform financial transactions autonomously through the use of Wallet Development Kit tools.
Paolo Ardoino, CEO of Tether, highlighted the necessity for infrastructure to keep pace with advancements in robotics, asserting that autonomous machines must be capable of independent decision-making and transaction execution.
Currently, NEURA's order book boasts over $1 billion, and the company plans to set up NEURA Gyms, training centers focused on teaching AI algorithms to navigate and interact with the physical environment.
In a related development, Keenon Robotics recently introduced the humanoid robot XMAN-L1 aimed at service applications.
