Market Chatter: Amazon, Billionaire Qatari Sheikh Invest in Robotics Startup Neura

MT Newswires Live03:41

Amazon (AMZN) and billionaire Sheikh Hamad bin Jassim Al Thani have taken part in the latest funding round for German startup Neura Robotics, Bloomberg reported Tuesday.

Al Thani, a member of the Qatari royal family, recently became a shareholder in Neura Robotics via a unit of his holding company, Prime Capital SA, the report said.

Neura Robotics is aiming to raise about 1 billion euros ($1.2 billion) in a funding round that could value the company at roughly 4 billion euros, as it pursues the development an artificial intelligence-powered humanoid robot, according to the report.

Neither Amazon nor Neura immediately responded to MT Newswires' request for comment.

Shares of Amazon fell over 1% in Tuesday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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