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Physical AI's $14B Surge: Prometheus, NEURA & the Manufacturing Bet
Audio is available on Spreaker — see link below.
Physical AI dominates with $14B+ raised across Prometheus, NEURA Robotics, and THEKER as institutional capital makes a directional call on manufacturing over chatbots. Plus: TensorWave's AMD-only Nvidia challenge, Digital Asset's $355M blockchain round, and Canadian fintech hits unicorn scale.
Audio is available on Spreaker — see link below.
Fourteen billion dollars. That's roughly what physical AI pulled in over the past forty-eight hours, and the names backing it tell you exactly where institutional conviction has landed.
Germany's NEURA Robotics closed a one-point-four billion dollar Series C, the largest full-stack robotics round ever completed. Tether and Qualcomm Ventures co-led.
The infrastructure story sitting underneath all of this involves chips. TensorWave, a Las Vegas-based data center operator, raised three hundred fifty million dollars in a Series B co-led by Magnetar and AMD Ventures.
On the fintech side, Digital Asset raised three hundred fifty-five million dollars for its Canton blockchain platform, with a16z Crypto leading and more than seventy backers including Coinbase Ventures and major Wall Street institutions. The round is predicated on traditional banks migrating regulated asset trading onto a decentralized ledger.
Canada produced two significant fintech rounds. KOHO, a Toronto challenger bank with two-point-five million users and two hundred fifty million dollars in revenue, raised approximately one hundred million Canadian dollars backed by Mubadala and Shopify's CEO.
Two smaller rounds deserve attention for what they signal about enterprise AI architecture. Poetic emerged from stealth with fifty million dollars at a five hundred million dollar valuation, backed by Founders Fund and Kleiner Perkins, with OpenAI's Mira Murati also holding a stake.
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