AI robotics company Theker raises $85 million from investors including LVMH

Theker, an AI robotics firm from Barcelona, has secured $85 million in new funding. This investment was led by CRV and included major players like Samsung and LVMH. Theker develops AI-powered robots for industrial tasks. This funding highlights th...

AI robotics company Theker raises $85 million from investors including LVMH
Theker, a ​Barcelona-based AI ​robotics company, has ​raised $85 million in a fundraising round, it said on ‌Thursday, ⁠highlighting ⁠ongoing growth in the ​Spanish tech sector.

Theker says ​it develops robots which use AI to ​perform various tasks ⁠in ‌industrial environments.

​The ​fundraising round was ⁠led by venture capital firm ​CRV, while other companies ​involved included Samsung and luxury goods company LVMH.


The fundraising for Theker ‌comes a few months after Amazon ​said it ​would ⁠invest a further €18 billion ($20.7 billion) in Spain to expand ​its data centres and boost AI innovation.

($1 = 0.8681 euros)
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Funding › AI robotics company Theker raises $85 million from investors including LVMH
Text Size:AAA
Success
This article has been saved

*

+