Funding Round attributes
NEURA Robotics, a German company specializing in cognitive and humanoid robotics, has announced the successful completion of its €120 million Series B funding round. This investment brings the company’s total funding to over €185 million and further solidifies its position as a global leader in advanced robotics technology.
Founded in 2019, NEURA Robotics has rapidly become a pioneer in creating robots that work seamlessly alongside humans. The company focuses on applications across various sectors, including manufacturing, logistics, and healthcare. Leveraging its unique sensor technology and AI integration, NEURA Robotics introduced the world’s first commercially viable cognitive cobot, setting a benchmark in the industry.
Over the past year, NEURA Robotics has seen tremendous growth, doubling its team to over 300 employees and achieving a 10x increase in revenue. The company has also secured an impressive €1 billion in pre-orders, underscoring the strong demand for its cutting-edge robotic solutions.
David Reger, founder and CEO of NEURA Robotics, highlighted the transformative potential of cognitive robotics:
“Cognitive robotics is expected to become bigger than the smartphone. I am proud that NEURA is the first one to ship a commercially viable cognitive robot and remains the only humanoid robotics company in Germany. This investment shows the confidence our investors have in my team and in pioneering advanced robotics in Europe.”
The Series B funding was led by Lingotto Investment Management, with participation from notable investors including BlueCrest Capital Management, Volvo Cars Tech Fund, InterAlpen Partners, Vsquared Ventures, HV Capital, Delta Electronics, C4 Ventures, L-Bank, and founder David Reger, among others.
Nikhil Srinivasan, Managing Partner of Lingotto Horizon, expressed confidence in the company’s trajectory:
“With phenomenal AI capabilities, an extraordinary growth trajectory, and a billion-dollar order book, NEURA is on track to potentially becoming a multi-billion-dollar company and one of the most prominent robotics companies in the world.”
The newly raised capital will primarily support NEURA Robotics’ continued research and development efforts, enabling the launch of new products that build on its proprietary Neuraverse platform. This platform serves as the foundation for NEURA’s cognitive robotics technology, providing a scalable solution for integrating advanced AI and robotics capabilities.
The funding will also contribute to NEURA’s expansion efforts, ensuring the company’s ability to meet growing demand while further establishing itself as a leader in the cognitive robotics category. With its focus on sustainable growth and innovation, NEURA Robotics aims to drive the development of this transformative technology from the heart of Europe.
NEURA Robotics is not only dedicated to its own growth but also to the advancement of the cognitive robotics field. By creating innovative, AI-powered solutions, the company is paving the way for a future where robots and humans can collaborate efficiently and safely across a wide range of industries.
With strong support from its investors and a clear vision for the future, NEURA Robotics is poised to play a key role in shaping the global robotics industry. The Series B funding marks a significant milestone in the company’s journey, underscoring its potential to become a multi-billion-dollar enterprise and a cornerstone of European innovation in robotics.
