NEURA Robotics, a “cognitive” robotics developer, has raised €120m in its Series B funding round.
The investment highlights the company’s role in advancing cognitive robotics and positions it to become a significant force in the global robotics sector, alongside major competitors in the US and China.
The funding round was led by Lingotto Investment Management, with additional participation from BlueCrest Capital Management, Volvo Cars Tech Fund, InterAlpen Partners, Vsquared Ventures, HV Capital, Delta Electronics, C4 Ventures, L-Bank, and NEURA’s founder, David Reger, among others.
The company specialises in developing robots equipped with advanced sensor technology and artificial intelligence to work collaboratively with humans in industries like manufacturing, logistics, and healthcare.
Over the past year, the company has doubled its workforce to more than 300 employees and experienced a tenfold growth in revenue.
The capital raised in this round will support the company’s continued research and development efforts, with a focus on advancing its Neuraverse platform. This ecosystem aims to drive innovation in cognitive robotics by providing an operating system for cognitive robots and a marketplace for robotic skills. The company’s long-term growth strategy includes the introduction of new global products and the expansion of its capabilities within the robotics industry.
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