Neura Robotics receives fresh capital of up to 1.4 billion dollars
Neura Robotics receives a lot of money in a funding round. The company intends to use this for further development of Neuraverse, among other things.
The humanoid robot 4NE1 from Neura is expected to benefit massively from the investments.
(Image: Neura Robotics)
The German robotics company Neura Robotics has raised fresh capital amounting to up to 1.4 billion US dollars in a Series C funding round from investors. Neura intends to use the money to expand the physical AI platform Neuraverse for its cognitive robots, including the humanoid 4NE1. At the same time, series production of the robots is to be accelerated. The funding round is one of the largest ever conducted in Germany.
The Group C financing round is prominently represented: Tether, Qualcomm Technologies, Amazon, Nvidia, imec.xpand, Bosch, Schaeffler, the European Investment Bank, Lingotto Horizon, and InterAlpen Partners, among others, are investing fresh capital in the robotics company. This includes companies from various sectors such as crypto, chip production, industrial supply, technology, and investment.
Neura does not disclose the respective shares of the companies in the total amount of 1.4 billion dollars, nor how much capital has already flowed into the robotics company.
Training data from gyms and real production
Neura has big plans with the fresh capital. On the one hand, Neuraverse, a robotics platform for cognitive artificial intelligence (AI), is to be advanced. This allows for a kind of universal robot intelligence to be achieved. Furthermore, Neura intends to establish so-called Neura Gyms to be established. These are physical training facilities where robots can learn complex tasks in a controlled environment. This allows physical training data to be integrated into the AI models alongside training data from simulations.
Some investors are involved in the development of cognitive robotics with projects, such as the crypto company Tether. The company contributes the open-source “Wallet Development Kit” (WDK). With it, robots can manage and use digital wallets themselves. They can therefore receive payments and carry out transactions as part of automated workflows.
Neura also wants to integrate Tether's “QVAC” edge AI runtime environment into Neuraverse. The robotics company expects this to enable AI models to be executed directly on the robot. This reduces latency, increases reliability, and decreases dependence on cloud infrastructure.
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Together with the two German industrial (supplier) companies Bosch and Schaeffler, Neura is already collaborating on robotics projects. In a strategic partnership with Neura, Bosch and Schaeffler contribute physical training data from production, for example. This data from real production environments is expected to significantly improve the robots' AI models.
(olb)
