Humanoid Robotics Technology
NEURA Robotics has secured €120 million in Series B funding, highlighting its critical role in the robotics sector. Leveraging its unique position, the company aims to spearhead Europe’s robotics advancements and establish itself as a competitive force on the global stage, rivaling key players from the USA and China.
The financing round is led by Lingotto Investment Management . Other participants include BlueCrest Capital Management, Volvo Cars Tech Fund, InterAlpen Partners, Vsquared Ventures, HV Capital, Delta Electronics, C4 Ventures, L-Bank, the founder David Reger himself and other players.
Founded in 2019, NEURA Robotics has quickly become a global leader in cognitive and humanoid robotics by developing robots that can work seamlessly with humans in industries such as manufacturing, logistics and healthcare. With its unique sensor technology and AI integration, NEURA Robotics has launched the world’s first cognitive cobot and is now leading the development of market-ready humanoid robots.
In the past year alone, the NEURA Robotics team has doubled the number of its employees to over 300 and increased sales tenfold. Under the leadership of founder and CEO David Reger, NEURA Robotics already has an order backlog of one billion euros.
David Reger, founder and CEO of NEURA Robotics: “The market potential of cognitive robotics is greater than that of the smartphone. I am proud that NEURA has brought the first cognitive robot to market and is the only German player in humanoid robotics. The investment shows the trust our investors have in my team and in the pioneering work we are doing for modern robotics in Europe.”
Nikhil Srinivasan, Managing Partner at Lingotto Horizon: ” We are proud to invest in NEURA Robotics and its visionary founder David Reger. NEURA’s exceptional technological know-how and groundbreaking innovations are transforming both industrial and consumer robotics. With outstanding AI capabilities, an exceptional growth trajectory and a billion dollar backlog, NEURA is well on its way to becoming a multi-billion dollar company and one of the most significant robotics companies in the world.”
Looking to the future, NEURA Robotics is not only focused on its own expansion, but also on the long-term and sustainable growth of cognitive robotics in the heart of Europe. The fresh capital will go into further research and development and support the launch of new, world-leading products – all based on the company’s own Neuraverse platform. The Neuraverse is an ecosystem that will accelerate innovation in cognitive robotics through various elements such as a cognitive robotics operating system and a marketplace for robot skills. Given NEURA Robotics’ extensive portfolio and track record, investors expect further growth and rapid progress in innovation and development in the coming years.
SOURCE: NEURA Robotics
