German robotics firm NEURA Robotics recently made waves in the industry by securing a substantial €120 million in Series B funding. This significant investment not only underscores NEURA’s position as a trailblazer in cognitive robotics but also propels them to the forefront of the European market, poised to make a mark on a global scale.
Founded in 2019, NEURA Robotics has swiftly risen to prominence as a key player in the realm of cognitive and humanoid robotics. The company’s innovative approach focuses on developing robots that seamlessly collaborate with humans across various sectors such as manufacturing, logistics, and healthcare. With cutting-edge sensor technology and advanced AI integration at its core, NEURA Robotics stands out for introducing the world’s first cognitive cobot into the market.
Over the past year, NEURA has experienced exponential growth, doubling its workforce to more than 300 employees and achieving an impressive tenfold increase in revenue. The company boasts an enviable order book exceeding €1 billion—a testament to its growing influence and market demand for its groundbreaking robotic solutions.
In a statement reflecting on this milestone achievement, David Reger, founder and CEO of NEURA Robotics, expressed his pride in being at the forefront of the cognitive robotics revolution. He emphasized that cognitive robotics is poised to revolutionize industries on a scale comparable to that of smartphones, positioning NEURA as a key player driving this transformative change within Europe and beyond.
The Series B funding round was led by Lingotto Investment Management, with notable contributions from BlueCrest Capital Management, Volvo Cars Tech Fund, InterAlpen Partners, Vsquared Ventures, HV Capital, Delta Electronics , C4 Ventures , L-Bank , along with founder David Reger himself. The involvement of these prestigious investors underscores their confidence in NEURA’s vision and capability to shape the future landscape of robotics technology.
Nikhil Srinivasan from Lingotto Horizon expressed optimism about NEURA’s trajectory towards becoming a multi-billion-dollar enterprise—one that is set to emerge as one of the foremost names in global robotics innovation. With its exceptional AI prowess and stellar growth trajectory coupled with substantial financial backing—NEURA is well-positioned for unprecedented success.
Looking ahead, NEURA Robotics envisions not just expanding its own horizons but also nurturing sustainable growth within the cognitive robotics domain from its European base. The newly acquired capital will be instrumental in fueling further research and development initiatives while facilitating the launch of cutting-edge products underpinned by NEURA’s proprietary Neuraverse platform—an exciting new chapter for innovation within robotic technologies.
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