NEURA Robotics Secures €120 Million in Series B to Advance Cognitive and Humanoid Robotics
NEURA Robotics, the pioneering force in cognitive robotics and the only humanoid company in Germany has announced the successful completion of a €120 million Series B funding round. This substantial investment is a testament to the company’s growing influence in the robotics sector and underscores its unique position to lead the European robotics industry, with aspirations to become a significant player in the global robotics arena. The Series B round, which includes contributions from leading investors, highlights Robotics’ potential to reshape industries worldwide.
The investment round was 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 NEURA Robotics’ founder, David Reger, among others. This diverse group of investors reflects the broad confidence in NEURA Robotics’ vision and the company’s ability to transform the robotics landscape through innovation and cutting-edge technology.
Founded in 2019, has quickly risen to prominence as a global leader in cognitive and humanoid robotics. Its robots are designed to work collaboratively with humans, addressing the growing need for automation in industries such as manufacturing, logistics, and healthcare. By combining advanced sensor technology with artificial intelligence (AI), Robotics has developed the world’s first cognitive collaborative robot, or “cobot,” which allows for seamless interaction with human workers. This groundbreaking technology positions NEURA Robotics at the forefront of the market for humanoid robots, which are increasingly seen as the next step in robotics evolution.
In just a few short years, NEURA Robotics has made impressive strides in both its technological development and business growth. Over the past year alone, the company has doubled its workforce to more than 300 employees and experienced a remarkable 10x growth in revenue. This impressive growth trajectory is a clear reflection of the strong demand for NEURA Robotics’ solutions, as well as the company’s ability to scale rapidly in response to the evolving needs of industries across the globe. Under the leadership of David Reger, the company has already secured a substantial order book valued at over €1 billion, further solidifying its position as a leader in the industry.
David Reger, the visionary founder and CEO of NEURA Robotics, shared his excitement about the future of cognitive robotics and the company’s role in shaping that future. “Cognitive robotics is expected to be a technological revolution that will surpass even the smartphone in terms of its impact on society,” said Reger. “NEURA is proud to be the first company to deliver a commercially viable cognitive robot, and we remain the only humanoid robotics company in Germany. This investment is a clear endorsement of our team’s capabilities and our commitment to pioneering advanced robotics in Europe.”
Nikhil Srinivasan, Managing Partner of Lingotto Horizon, echoed Reger’s sentiments, highlighting the immense potential of NEURA Robotics. “We are thrilled to support NEURA Robotics and its visionary founder, David Reger. The company’s exceptional technological expertise and groundbreaking innovations are not only transforming industrial robotics but also shaping the future of consumer robotics. With its world-class AI capabilities, impressive growth trajectory, and a billion-dollar order book, NEURA is poised to become a multi-billion-dollar company and one of the most prominent players in the global robotics market,” said Srinivasan.
NEURA Robotics is uniquely positioned to capitalize on the rapidly growing market for cognitive and humanoid robots. As industries increasingly look to automate and enhance their operations, NEURA’s advanced robots offer significant advantages over traditional robotic systems. For example, NEURA’s robots are designed to work alongside human workers, performing tasks that are too complex or hazardous for humans, while also learning from their environments and adapting to new tasks in real-time. This ability to learn and adapt, combined with the company’s cutting-edge AI and sensor technologies, gives NEURA’s robots an unprecedented level of flexibility and versatility.
The company’s robots have already made an impact in key industries, including manufacturing, logistics, and healthcare. In manufacturing, NEURA’s robots are helping to streamline production processes, reduce downtime, and improve worker safety. In logistics, NEURA’s robots are being used to automate material handling and inventory management, helping companies to increase efficiency and reduce costs. In healthcare, NEURA’s robots are assisting with tasks such as patient care and surgical support, improving outcomes and enhancing the overall quality of care.
As NEURA Robotics continues to expand its reach and capabilities, it is committed to maintaining its leadership in cognitive robotics and humanoid robotics. The company plans to use the new funding to further develop its AI-driven robotic solutions, enhance its production capabilities, and expand its global presence. In particular, the company aims to accelerate its research and development efforts to create even more advanced robots that can handle increasingly complex tasks and work more effectively alongside human teams.
One of the key areas of focus for NEURA Robotics is the development of autonomous humanoid robots that can operate in a wide range of environments. These robots are being designed to be highly adaptable, able to perform tasks in dynamic environments and collaborate with human workers in a way that has never been possible before. By combining the latest advancements in AI, machine learning, and robotics, NEURA is developing robots that are capable of understanding and responding to their surroundings in real-time, making them ideal for applications across industries such as healthcare, logistics, and even customer service.
The company’s ability to develop humanoid robots that can operate autonomously and collaborate with humans is expected to have a profound impact on the future of work. As automation continues to reshape industries and the workforce, robots that can work seamlessly alongside humans will play a critical role in improving productivity and creating new opportunities for workers. NEURA Robotics is at the forefront of this transformation, helping to drive the development of robots that are not only technologically advanced but also designed with human collaboration in mind.
Looking ahead, NEURA Robotics is focused on expanding its partnerships with industry leaders and global players in the robotics, AI, and automation sectors. By collaborating with companies in a wide range of industries, NEURA is working to develop solutions that address the specific challenges faced by different sectors and create robots that can meet the unique needs of each industry. Through these partnerships, NEURA hopes to accelerate the adoption of its robots and help drive the global adoption of cognitive robotics.
The successful completion of the Series B funding round is a significant milestone for NEURA Robotics and a testament to the growing confidence in the company’s technology and vision. With the backing of its investors, the company is poised to continue its rapid growth and innovation, helping to shape the future of robotics and AI. As cognitive robotics continues to gain traction across industries, NEURA Robotics is positioned to play a leading role in the development of robots that will work alongside humans to solve some of the world’s most pressing challenges.
For further information, the full press release is available for download on NEURA Robotics’ website, along with high-resolution images for media use.
