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Tether leads up to $1.4 billion round in robotics company Neura, readies crypto wallet integration

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Tether leads up to $1.4 billion round in robotics firm Neura, plans crypto wallet integration.

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.

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"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. Neura is developing a portfolio that includes robotic humanoids, precision arms, autonomous mobile robots, and service robots, according to Tether's statement. Tether has become a prolific venture capital investor in recent years thanks to its highly profitable stablecoin business as the issuer of USDT.

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