Tether mulls $1.15B deal with AI robotics startup Neura: Report
Tether is reportedly considering a $1.15 billion bet on robotics startup Neura, which could see its valuation rise to over $10 billion should a deal be made.
Stablecoin issuer Tether is reportedly eyeing a $1.15 billion investment in German robotics startup Neura — a move that would expand its presence in the rapidly evolving artificial intelligence space.
A deal could mark Neura’s value up to the $9.3 billion to $11.6 billion range, according to a report on Friday from the Financial Times, which cited people with “direct knowledge” of the matter.
While the Financial Times reported that Tether and Neura were in the discussion stages, neither party confirmed whether the 1 billion euro ($1.15 billion) deal is in the works.