Sifted, January 16, 2025, by Miriam Partington.
German robotics company Neura Robotics has raised €120m in Series B financing to develop “cognitive” robots capable of “seeing”, walking and manipulating objects.
The robotics industry is growing even faster in Europe than the US and China, according to data compiled by investment platform Altindex, with a predicted market value of $28.8bn by 2029.
Neura Robotics’ round was led by Lingotto Investment Management; Blue Crest Capital Management, Volvo Cars Tech Fund, InterAlpen Partners, Vsquared Ventures, HV Capital, Delta Electronics, C4 Ventures, L-Bank and the company’s founder and CEO David Reger also participated.
The company has five robot models including MAiRA, a cognitive robotic arm, the MAV mobile robot, which is trolley-like and capable of transporting heavy loads, and its newest edition, MiPA — a human-like model with a long robotic arm that can serve trays to patients in hospital or play catch with a child, which isn’t yet on the market.
