London-based Humanoid is reportedly in talks with Saudi Aramco for a significant investment. The robotics startup is seeking approximately $200 million in a deal that would value the company at around $1 billion, making it a unicorn.

Humanoid, founded in 2019, specializes in building advanced robotic arms for warehouse automation. The company has seen rapid growth, with revenue expected to reach $50 million this year. Humanoid's technology is designed to reduce reliance on human labor in logistics and e-commerce fulfillment centers.

Aramco's potential investment is part of its broader strategy to diversify its business interests beyond oil and gas. The Saudi energy giant has been actively investing in various technology sectors, including robotics. This move could provide Humanoid with crucial capital to scale its operations and accelerate product development.