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Neura Robotics GmbH (“NEURA Robotics”) announced the closing of a $55 million funding round, led by European investors Lingotto, Vsquared Ventures, Primepulse and HV Capital.
The Germany-based company was one of the first to bring AI to commercial robotics solutions. They are defining a new market segment described as “cognitive robotics”, that seeks to simplify human-robot interaction without coding. The concept is for the robot to understand voice commands and learn by observing.
The company has a broad product line of collaborative robots and mobile robotics solutions. The MAiRa and LARA cobots offer a range of payload and reach configurations. The MAV and MiPA mobile robotics solutions offer AMR-like mobility and a mobile-manipulator solution.
Robots that are built on the Neura Robotics platform can see, hear, and feel. When combined with the reflexive processing of sensory information, these skills are essential for autonomous and predictive action. Over the next decade, the company expects these robots to help solve the problem of a general lack of skilled workers.
The $55 million capital increase secures the expansion of the versatile high-tech company towards the US and Japan and helps to expand the production infrastructure in Germany to meet the exponential demand of the order book, which today exceeds $450 million.
After its founding, Neura introduced its first market-ready cognitive cobot, MAiRA. Neura Robotics is offering its partners a platform for developing applications for industry, service, and household sectors by combining all relevant sensors and components with artificial intelligence in one device. Described as “the NEURAverse”, this partner program is key to Neura’s success in delivering differentiated solutions to the market.
David Reger, Founder and CEO of Neura Robotics, said: “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.“