Robotics company Neura Robotics has secured approximately €1 billion in funding led by Tether, valuing the company at €4 billion.

PANews reported on March 5th, citing Bloomberg, that German humanoid robot startup Neura Robotics is raising approximately € 1 billion in funding. This round was led by stablecoin issuer Tether Holdings , valuing the company at approximately € 4 billion post-money. Sources familiar with the matter indicated that the company may continue to raise funds after this round. Neura Robotics focuses on AI- driven humanoid robots, showcasing its products on its website for use in automotive assembly lines and household chores. The company currently sells factory transport robots and home robotic arms. CEO David Reger previously stated that the company's order volume last year approached $ 1 billion, with customers including Kawasaki Heavy Industries and Omron.