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International Business Times
International Business Times
Technology
Matias Civita

Robotics Company Developing Cognitive Robots Secures Up to $1.4 Billion From Top Companies

Founded in 2019 and headquartered in Metzingen, Germany, Neura Robotics develops cognitive robots capable of seeing, hearing, sensing, and learning from their environments. (Credit: Jason Redmond/AFP via Getty Images)

German robotics startup Neura Robotics has secured up to $1.4 billion in fresh funding from a group of high-profile investors that includes Nvidia, Amazon, Qualcomm, Bosch, Schaeffler, and crypto giant Tether, marking one of the largest funding rounds ever completed by a European artificial intelligence company.

The financing values the company at roughly $7 billion and shows growing investor enthusiasm for humanoid robots and so-called "physical AI," a rapidly expanding sector focused on bringing artificial intelligence into machines that can operate in the physical world.

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