8.7 C
United States of America
Thursday, January 16, 2025

NEURA Robotics raises $123M to proceed creating cognitive, humanoid robots


NEURA Robotics raises 3M to proceed creating cognitive, humanoid robots

Neura Robotics affords robots for a wide range of functions and industries.

NEURA Robotics GmbH immediately mentioned it has raised €120 million ($123.3 million U.S.) in Collection B funding. The Metzingen, Germany-based firm mentioned the funding validates its management in “cognitive robotics” and in European robotics because the area collaborates and competes with the U.S. and China.

“Cognitive robotics is predicted to grow to be larger than the smartphone,” acknowledged David Reger, founder and CEO of NEURA Robotics. “I’m proud that NEURA is the primary one to ship a commercially-viable cognitive robotic and stays the one humanoid robotics firm in Germany. This funding exhibits the arrogance our buyers have in my group and in pioneering superior robotics in Europe.”

Based as Han’s Robotic in 2019, NEURA Robotics has built-in sensor know-how, robotics, and synthetic intelligence. The firm claimed that it has constructed “the world’s first cognitive cobot available in the market,” capable of be taught from its atmosphere, autonomously make choices, and adapt to dynamic manufacturing situations.

NEURA grows Neuraverse ecosystem

NEURA Robotics mentioned it has designed its techniques to work intently with individuals in industries resembling manufacturing, logistics, and healthcare. Its product line consists of the LARA and MAiRA collaborative robotic arms, the MAV autonomous cellular robotic (AMR), the MIPA cellular manipulator, and the 4NE-1 humanoid.

In February 2024, NEURA moved manufacturing from China to Germany. In April, it partnered with Omron Robotics and Security Applied sciences Inc. to carry cognitive robotics to manufacturing. NEURA can be working with Kawasaki Robotics (USA) Inc. on the CL Collection cobots.

“Seeking to the longer term, NEURA Robotics isn’t just targeted by itself growth, but in addition on the sustainable long-term progress of the cognitive robotics class from the center of Europe,” the corporate mentioned.

NEURA plans to make use of its newest funding for additional analysis and improvement for brand new merchandise. It mentioned its Neuraverse platform or ecosystem will embrace an working system for cognitive robots and a market for robotic expertise that may speed up innovation.


SITE AD for the 2025 Robotics Summit registration.
Register immediately to avoid wasting 40% on convention passes!


Buyers again firm progress

Up to now 12 months, NEURA Robotics mentioned it has doubled its workforce to greater than 300 individuals and achieved 10x income progress. The firm additionally reported that it has secured orders price as much as €1 billion (about $1 billion). 

Lingotto Funding Administration led NEURA’s Collection B spherical. BlueCrest Capital Administration, Volvo Automobiles Tech Fund, InterAlpen Companions, Vsquared Ventures, HV Capital, Delta Electronics, ​​C4 Ventures, L-Financial institution, founder Reger, and others participated.

“NEURA’s distinctive technological experience and groundbreaking innovation are reworking each industrial and client robotics,” mentioned Nikhil Srinivasan, managing associate of Lingotto Horizon. “With phenomenal AI capabilities, a rare progress trajectory, and a billion-dollar order ebook, NEURA is on monitor to probably changing into a multi-billion-dollar firm and one of the vital outstanding robotics corporations on this planet.”

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles