Tether is mulling a billion dollar investment in Neura, an AI and robotics company located in Germany. The discussions on the matter are ongoing, Financial Times has reported citing sources with direct knowledge.
Neura Robotics was founded by David Reger in 2019 and is headquartered in Metzingen. The company has been working on what it calls “cognitive robots” that it claims can sense, respond, and adapt to humans as well as AI. Just last week, mobility equipment-maker Schaeffler entered a multi-year deal with Neura to exchange technologies and services around robotics manufacturing and deployment.
Tether-Neura collaboration: Here’s what it would entail
Tether is a stablecoin major that controls USDT, the largest stablecoin by market cap (presently $183.8 billion). The U.S.-based company has clocked in gains exceeding $10 billion between January and September this year.
As part of its future roadmap, Tether is increasingly expanding its partnerships and investments in companies across other sectors as well – including Bitcoin mining, AI, energy, finance, and even sports.
If this deal materializes, Tether’s objective would be to establish a strong foothold in the “smarter automation” services sector, reports surfacing on the development have claimed.
For Neura, managing to rope-in an investment of over a billion dollars would bump up its overall valuation to over $11 billion from its current capitalization of around $9.3 billion.
Neither Tether nor Neura has confirmed or denied the reports so far.
Tether-Neura possibility garner social media traction
While an official confirmation on the Tether-Neura deal remains awaited, the reports have stirred a buzz on social media. Members from the Web3 community believe that physical and digital agents are rapidly coming together – and Tether’s inclination towards investing in Neura testifies to the trend.
Tether is looking to take its valuation of $500 billion to become part of the world’s wealthiest private entities. Its inroads into sectors other than just crypto and stablecoin seems to be a crucial part of its ambitions. Earlier this year, Tether also acquired a minority stake in Bit2Me, a digital asset platform focused on a Spanish-speaking user base.