Neura Robotics is raising $55 million in new capital to enhance its leadership in cognitive robotics and drive international expansion into the US and Japan.
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Neuro Robotics GmbH (“NEURA Robotics”) announced the close of a $55 million funding round, led by European investors Lingotto, Vsquared Ventures, Primepulse and HV Capital.
This Germany-based company was one of the first to bring AI to commercial robotics solutions. They defined a new market segment described as “cognitive robots”, which seek to simplify human-robot interactions without coding. The concept is for the robot to understand voice commands and learn by observing.
The company has an extensive product line of collaborative robotics and mobile robotics solutions. The MAiRa and LARA cobots offer a variety of payload and range configurations. MAV and MiPA mobile robotics solutions offer mobility like AMR and mobile manipulator solutions.
Robots built on the Neura Robotics platform can see, hear and feel. When combined with the reflexive processing of sensory information, these skills are critical for autonomous and predictive action. Over the next decade, companies expect these robots to help solve the problem of a shortage of skilled workers.
The $55 million capital increase secured the multi-purpose high-tech company’s expansion into the US and Japan and helped expand manufacturing infrastructure in Germany to meet exponential demand for order books, which currently exceeds $450 million.
After its founding, Neura introduced its first market-ready cognitive cobot, MAiRA. Neura Robotics offers its partners a platform to develop applications for the industrial, service and household sectors by combining all sensors and components relevant to artificial intelligence in one device. Described as the “NEURAverse”, this partner program is the key to Neura’s success in bringing differentiated solutions to the market.
David Reger, Founder and CEO of Neura Robotics, said: “Since our inception in 2019, Neura Robotics has worked 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 allows us to keep pace in fulfilling our visionary promise.”