Tether in Talks to Lead €1 Billion Investment in Neura Robotics

Tether is in talks to lead a €1 billion funding round in German startup Neura Robotics, according to the Financial Times. The round could value Neura between €8 billion and €10 billion, people familiar with the matter said.

The funding would support Neura’s plan to commercialize its humanoid robot, initially targeting industrial customers before expanding to home use. The company has previously stated it aims to produce five million units by 2030. Neura last raised €120 million in January in a round led by Lingotto, BlueCrest, C4 Ventures, and Volvo Cars Tech Fund.

Tether, the issuer of the USDT stablecoin, has become one of the most profitable firms in the crypto sector, posting a $13.4 billion profit last year. The company has used its earnings to invest in more than 140 firms across sectors including agriculture, neurotechnology, and sports. CEO Paolo Ardoino has recently expressed interest in robotics and artificial intelligence as part of Tether’s broader investment strategy.

The potential deal would mark a significant valuation jump for Neura, whose latest round is being advised by Morgan Stanley. The company will face growing competition from players such as Tesla, which is developing its Optimus humanoid robot, and several emerging robotics startups.