Quick TakeQuick Take
- Several months ago, revelations surfaced that the stablecoin issuer was considering a major investment in Neura Robotics.
- Besides the capital commitment, Tether said it will provide and “deploy” technology within the “Neura robotics ecosystem.”
A massive deal several months in the making has closed with Tether saying Wednesday it led a Series C round worth up to $1.4 billion in the German tech startup Neura Robotics.
"By supporting the raise of up to $1.4 billion from a diversified group of strategic and financial investors into Neura Robotics, the group takes a decisive step by backing a company redefining how machines think, move, interact, and transact with the physical world," Tether said in a statement.
The declaration comes several months after revelations surfaced that the stablecoin issuer was considering a major investment in the robotics firm last year.
...read more at theblock.co
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