Tech Giants Back German Robotics Start-Up at $8.5 Billion Valuation

Several large technology companies have invested in a German robotics start-up, valuing it at $8.5 billion. The report, published by The New York Times, provides few details beyond the funding round and valuation.

Why it matters: A valuation this high for a robotics start-up, backed by major tech firms, signals continued investor appetite for physical AI and robots that build on AI models.