In an effort to advance cognitive robotics, the Metzingen, Germany-based robotics company Neura Robotics has raised €120 million in a Series B funding round. To challenge the dominance of China and the United States in the humanoid robotics industry, the company intends to use this money to improve the hardware and software development of its robots.
Blue Crest Capital Management, Volvo Cars Tech Fund, InterAlpen Partners, Vsquared Ventures, HV Capital, Delta Electronics, C4 Ventures, L-Bank and David Reger, founder and CEO of the company, all contributed to the investment campaign led by Lingotto Investment Management.
In order to strengthen its national presence and promote its still globally successful “Made in Germany” label, Neura Robotics, founded in 2019 and initially operated in China, repatriated the majority of its production to Germany in 2024.
Unlike other companies that focus on robotic hardware or software, Neura Robotics stands out in the European market by producing both.
Five models are currently in the company's product line, including the MAiRA cognitive robotic arm, the MAV heavy-duty transport robot, and the MiPA humanoid robot, which is intended for healthcare but is not yet commercially available. The third generation of the 4NE-1 humanoid robot, already in its second iteration, is expected in 2026.
In terms of software, Neura Robotics offers Neuraverse, a cloud-based platform that allows customers to train robots and develop custom robotic applications, such as technology providers and specialized machine manufacturers.
With an order book of one billion euros and a workforce that has almost doubled to 300 people, Neura Robotics has recorded tenfold growth in its turnover in 2024.
With this additional funding, Neura Robotics is poised to scale up its robotics research and development activities, with a focus on software and hardware advancements. The company wants to launch new products based on Neuraverse.
In order to counterbalance the domination of the United States and China in this field, Neura Robotics wishes to establish itself in the lucrative and rapidly expanding sector of robotics, particularly with humanoid robots.
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