Key Takeaways
- Neura Robotics raised $123 million in a Series B funding round for developing cognitive and humanoid robots.
- The funding was led by Lingotto Investment Management and supported by prominent investors including Volvo and Delta Electronics.
- The company aims to enhance its AI-integrated robotic platform and expand operations in Asia and the U.S.
Funding and Expansion Plans
German robotics firm Neura Robotics has successfully secured $123 million in a recent Series B funding round. This capital injection aims to propel the company’s vision of creating market-ready cognitive and humanoid robots designed to collaborate with humans in various sectors, including manufacturing, logistics, and health care. The funding round was primarily led by Lingotto Investment Management with notable participation from BlueCrest Capital Management, Volvo Cars Tech Fund, InterAlpen Partners, Vsquared Ventures, HV Capital, Delta Electronics, C4 Ventures, L-Bank, and the company’s founder, David Reger.
Founded in 2019, Neura Robotics is on the cutting edge of cognitive robotics technology. Founder and CEO David Reger expressed confidence in the company’s potential, stating that “cognitive robotics is expected to become bigger than the smartphone.” He noted that Neura is pioneering advanced robotics in Europe, claiming to be the first to launch a commercially viable cognitive robot while being the sole humanoid robotics company in Germany.
The recent funding will primarily be allocated toward research and development efforts as Neura Robotics prepares to launch new products built on its Neuraverse platform, which integrates artificial intelligence into its robotic solutions. Neura’s platform incorporates “reflexive sensory processing,” enabling robots to predictively act and make autonomous decisions based on environmental perceptions.
In the past year, Neura Robotics has experienced impressive growth, doubling its workforce to over 300 employees and achieving tenfold revenue growth. The company has also garnered substantial orders and commitments exceeding $1 billion, showcasing strong market demand for its innovative technologies. In 2023, the company raised an additional $55 million intended for expansion efforts in Asia and the United States, allowing for enhanced manufacturing capabilities.
The combination of AI and robotics has been a key focus for Neura Robotics, paving the way for robots that can autonomously perceive their surroundings and make informed decisions. As global interest in AI and robotics continues to rise, Neura Robotics stands poised to leverage its advancements to lead in the rapidly evolving landscape of cognitive robotics, enhancing its product offerings and market reach.
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