AI Robotics Firm Theker Secures $85 Million Investment from LVMH and Others

Deep News

Jun 11

The Barcelona-based artificial intelligence robotics company Theker announced on Thursday that it has completed a funding round totaling $85 million. This investment further highlights the positive and ongoing growth trajectory of Spain's technology sector.

Theker stated that it develops robots equipped with artificial intelligence technology, designed to perform various tasks in industrial settings.

The funding round was led by venture capital firm CRV, with participation from investors including Samsung and luxury goods giant LVMH Moët Hennessy Louis Vuitton.

This financing for Theker follows closely on the heels of an announcement several months ago from Amazon, which pledged an additional €18 billion (approximately $20.7 billion) for the Spanish market to expand data centers and advance AI technology innovation.

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