Germany’s Neura Robotics said it secured up to $1.4 billion in funding to build a physical artificial intelligence platform, backed by Amazon, Nvidia and the European Investment Bank.

The robotics company on Wednesday said the funding aims to scale production to several million robots by 2030 as demand for physical AI expands across manufacturing, logistics, healthcare and consumer applications.

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The company, which reports an order backlog exceeding $1 billion, said it received backing from technology and financial players, including Tether, Amazon, Nvidia, Qualcomm Technologies, Bosch, Schaeffler and the European Investment Bank.

The funding will support the push to commercialize cognitive robots and humanoids at scale, as well as expand the company’s AI-powered robotics platform, Neura said. It will also develop a network to train robots in real-world environments, it added.

https://finance.yahoo.com/sectors/technology/articles/nvidia-amazon-back-neura-robotics-070600976.html?shem=rimspwouoe,