NEURA Robotics, a cognitive robotics pioneer and the only humanoid robotics company in Germany, announced it has raised €120 million in a Series B funding round. The funding round was led by Lingotto Investment Management, with participation from BlueCrest Capital Management, Volvo Cars Tech Fund, InterAlpen Partners, Vsquared Ventures, HV Capital, Delta Electronics, C4 Ventures, L-Bank, founder David Reger, and others.
This funding emphasizes NEURA Robotics’ role in cognitive robotics, showing how it is uniquely positioned to lead the European robotics industry and become a significant force in the global robotics industry alongside strong players in the US and China.
Launched in 2019, NEURA Robotics quickly became a global leader in cognitive and humanoid robotics, creating robots designed to work seamlessly with humans in manufacturing, logistics, and healthcare industries. And with its unique sensor technology and AI integration, NEURA Robotics has the world’s first cognitive cobot in the market. It is now leading the way in developing market-ready humanoid robots.
Over the last year alone, the NEURA team doubled its employees to over 300 people and achieved a remarkable 10 times revenue growth. And under the leadership of founder and CEO David Reger, NEURA Robotics has already secured an impressive €1 billion order book.
KEY QUOTES:
“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.”
- David Reger, founder and CEO of NEURA Robotics
“We are proud to invest in NEURA Robotics and its visionary founder, David Reger. NEURA’s exceptional technological expertise and groundbreaking innovation are transforming both industrial and consumer robotics. 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.”
- Nikhil Srinivasan, Managing Partner of Lingotto Horizon
