acquisition, ai, AI Funding & Investment, data compression, edge-ai, Neurovia AI, Physical AI, Robo.ai, robotics

Robo.ai Acquires Data Processing and Compression Tech Company Neurovia for $100M

Insider Brief PRESS RELEASE — Robo.ai Inc. (NASDAQ: AIIO) (the “Company” or “Robo.ai”) today announced an agreement to acquire 100% of the equity interest in Neurovia AI Limited (“Neurovia”), a technology company specializing in data processing and compression, for a total consideration of $100 million. The closing of the transaction remains subject to the satisfaction of […]