What is Generative Bionics?

Generative Bionics is an Italian startup developing industrial humanoid robots using research from the Italian Institute of Technology.

Who led the funding round for Generative Bionics?

The €70 million funding round for Generative Bionics was led by CDP Venture Capital.

Which major companies invested in Generative Bionics?

Tether, CDP Venture Capital, and AMD Ventures were among the notable investors in Generative Bionics.

Home / Technology / Stablecoin Giant Backs Humanoid Robot Innovation

Stablecoin Giant Backs Humanoid Robot Innovation

8 Dec

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Summary

Tether joins €70 million funding for Italian robotics firm.
Generative Bionics develops industrial robots based on IIT research.
Investors include CDP Venture Capital and AMD Ventures.

Stablecoin Giant Backs Humanoid Robot Innovation

Stablecoin leader Tether has participated in a significant funding round, contributing to the €70 million investment in Generative Bionics. This Italy-based startup specializes in creating industrial humanoid robots, leveraging cutting-edge research from the Italian Institute of Technology.

The funding round was spearheaded by CDP Venture Capital, the Italian state-backed investor, through its dedicated Artificial Intelligence Fund. Additional backing came from AMD Ventures, the investment arm of US semiconductor giant Advanced Micro Devices, alongside other key industrial investors.

Generative Bionics aims to advance the field of industrial robotics with its innovative humanoid designs. This substantial investment underscores growing confidence in the company's technology and its potential to transform manufacturing and other industrial sectors.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.