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

According to Bloomberg, German humanoid robot startup Neura Robotics is raising approximately €1 billion in funding, with stablecoin issuer Tether Holdings participating in the round, valuing the company at around €4 billion post-money. Sources familiar with the matter say 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 Japan's Kawasaki Heavy Industries and Omron.