Metzingen, Germany-based Neura Robotics, an AI and robotics startup, announced on Wednesday that it has secured $55M (approximately €48M) in a new funding round.
The round was led by European investors Lingotto (an investment management company owned by Exor N.V.), Vsquared Ventures, Primepulse, and HV Capital.
With the capital increase, Neura Robotics says it will accelerate expansion into the US and Japan, and develop production infrastructure in Germany. This will meet the exponential demand for the order book, which the company claims exceeds $450M (approximately €400M).
David Reger, Founder and CEO of Neura Robotics, says, “Since our genesis in 2019, Neura Robotics has been working to push the boundaries of innovation in robotics by rethinking the subject with artificial intelligence and a platform approach, ushering in a new era in robotics. Today’s funding round enables us to keep up the pace in delivering on our visionary promises.“
NEURA Robotics: Bridging the gaps in robotics
Founded in 2019 by David Reger, NEURA Robotics aims to bridge innovation gaps in robotics and establish the age of cognitive robots.
The German company combines all components, sensors and artificial intelligence into one device. It offers partners a platform for joint app development for a wide range of specialist areas.
As the first company to combine AI and robotics, Neura unveiled the world’s first market-ready cognitive robot shortly after its founding.
This robot, called MAiRA, perceives its environment and people and acts autonomously. By combining all relevant sensors and components with artificial intelligence in one device, Neura Robotics offers its partners a platform for the joint development of applications for a wide range of sectors from industry to service and household.
Neura Robotics robots can see, hear, and feel.
Kawasaki, the third-largest robotics manufacturer worldwide by revenue, unveiled a product range “powered by NEURA.“
What the investors say
“Neura operates at the confluence of AI and hardware development. Germany and Europe have a particular advantage here,” says Nikhil Srinivasan, Managing Partner at Lingotto.
Dr. Herbert Mangesius, General Partner at Vsquared Ventures, says, “If you are serious about software, you need to embrace hardware. This is particularly true for robotic automation and has been a bottleneck in bringing cutting-edge machine learning and cognitive capabilities into the Industrial and services world for many years.”
“Neura Robotics is the first company we met that combines this technological vision and leadership with an open partnership model and is driving global progress at a never-before seen pace within robotics.”adds Mangesius.
Read the orginal article: https://siliconcanals.com/news/startups/germanys-neura-robotics-bags-48m/
