Tether considers $1.16 billion investment in Neura Robotics
Tether may raise $1.16 billion to finance the German technology startup Neura Robotics, as the issuer of the world’s largest stablecoin continues to explore new investment opportunities.
According to the Financial Times, Tether has been in talks to invest in Neura Robotics, a manufacturer of humanoid robots, in a deal that could value the startup between $9.29 billion and $11.6 billion.
The stablecoin issuer earned more than $10 billion in profit during the first three quarters of this year and is seeking to diversify its portfolio. Tether has already invested in AI, data centers, energy infrastructure, and Bitcoin mining. Another area of potential expansion is the production of robotic household assistants, which Neura Robotics plans to develop in partnership with Nvidia.
Robotic portfolio diversification
Last year, Neura Robotics unveiled its new robot, 4NE-1, capable of performing various household and industrial tasks, such as cutting vegetables, ironing, sorting objects, and carrying boxes.
The robot has a humanoid appearance and possesses sufficient strength and dexterity to perform a wide range of tasks, some of which were developed in collaboration with Nvidia.
A key feature of the robot is its ability to learn. Powered by artificial intelligence, 4NE-1 can analyze its environment and adapt its actions to changing conditions, making it a versatile assistant capable of handling multiple scenarios.
“Neura is seeking new investment as it prepares to launch its humanoid robot, initially targeted at industrial clients, with plans to expand into the home robotics market,” the FT reports.
The company previously stated that it intends to produce 5 million units by 2030 and raised nearly $140 million in January in a funding round that included investors such as BlueCrest, C4 Ventures, Lingotto, and Volvo Cars Tech Fund.
The issuance of USDT — the largest stablecoin by circulation and pegged to the U.S. dollar — brings Tether substantial profit, and the company aims to further diversify its investment portfolio.
As we wrote, Tether under fire again: How mining tax became reputational threat
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