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Nomagic secures $44 million investment to drive AI innovation in robotics

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Nomagic, a provider of AI powered robotics for warehouses and the fulfillment sector, has successfully closed its latest investment round, securing $44 million.

The funding will be used to scale deployments across Europe over the next two years and continue to invest in Nomagic’s AI and Robotics technology, building on recent breakthroughs by its AI team.

With demand growing from existing and new customers in sectors such as fashion, general merchandise, pharmaceuticals and groceries, Nomagic expects to multiply the number of sites with over 10 robots, across industries. [Read more…] about Nomagic secures $44 million investment to drive AI innovation in robotics

Humanoid robot maker Apptronik raises staggering $350 million from investors including Google

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Humanoid robot maker Apptronik has successfully closed a whopping $350 million Series A funding round co-led by B Capital and Capital Factory, with participation from Google.

The new funding marks a pivotal moment for Apptronik, fueling the deployment of Apollo – its groundbreaking humanoid robot – while enabling the company to scale operations, accelerate innovation, and grow its world-class team to meet the surging demand for next-generation, AI-powered humanoid robots.

Jeff Cardenas, CEO and co-founder of Apptronik, says: “We’re creating the world’s most advanced and capable humanoid robots, designed to work alongside humans in meaningful and transformative ways. [Read more…] about Humanoid robot maker Apptronik raises staggering $350 million from investors including Google

Indian robotics company Ati Motors raises $20 million to expand its market

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Ati Motors, a developer of AI and autonomous robotics, has closed $20 million Series B investment led by Walden Catalyst Ventures (WCV) and NGP Capital (NGP) with participation from current investors including True Ventures, Exfinity Venture Partners, Athera Venture Partners and Blume Ventures.

The funding comes on the heels of Ati Motors exceptional performance, marked by a tripled order book in Q4 2024 and the addition of nine industry leading clients.

Ati Motors expertise in robotics, artificial intelligence, and manufacturing, is revolutionizing how the industrial sector approaches automation. [Read more…] about Indian robotics company Ati Motors raises $20 million to expand its market

Truck loading and unloading robot maker Slip Robotics raises $28 million financing

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Slip Robotics, a startup providing automated truck-loading robots-as-a-service, has raised a $28 million Series B financing led by DCVC, a Silicon Valley venture capital firm specializing in deep tech.

The investment reflects Slip’s rapid growth with industry-leading customers – including John Deere, GE Appliances, Valeo, and Nissan – who are using SlipBots to load and unload any truck in just 5 minutes.

Slip Robotics is tackling one of the supply chain’s universal inefficiencies: truck loading and unloading. For over 100 years, truck trailers have been loaded and unloaded using the same basic methods. [Read more…] about Truck loading and unloading robot maker Slip Robotics raises $28 million financing

Embodied AI startup Sereact raises €25 million to boost AI-powered robotics

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Embodied AI startup Sereact says it is on a “mission to redefine what’s possible with AI-driven robotics”. The company has reached a major milestone by securing €25 million in Series A funding.

The Series A round was led by Creandum, alongside significant participation from existing investors Point Nine and Air Street Capital, as well as prominent business angels, including former Formula 1 World Champion Nico Rosberg, Mehdi Ghissassi (ex Google DeepMind), Ott Kaukver (Skype), Lars Nordwall (ex neo4j), Rubin Ritter (ex Zalando), Torsten Reil, and Niklas Köhler (both Helsing).

The company says this funding represents more than just an investment in Sereact’s technology – it underscores the immense potential of AI in robotics and the trust that industry leaders place in the company’s vision. [Read more…] about Embodied AI startup Sereact raises €25 million to boost AI-powered robotics

Neura Robotics secures €120 million in funding to commercialize humanoids

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Neura Robotics, a cognitive robotics pioneer and thought to be “the only humanoid robotics company in Germany”, has raised €120 million in a Series B funding round.

This substantial investment underscores Neura Robotics’ key role in cognitive robotics, showing how it is uniquely positioned to lead the European robotics industry and become a major force in the global robotics landscape, alongside strong players in the US and China.

The 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. [Read more…] about Neura Robotics secures €120 million in funding to commercialize humanoids

Cyngn raises $33 million in December to scale autonomous mobile robot business

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Autonomous mobile robotics developer Cyngn has secured $33 million in funding. This funding positions the company to accelerate its growth and deliver on its mission to proliferate industrial autonomous vehicles.

Lior Tal, chairman and CEO of Cyngn, says: “This capital infusion strengthens our ability to fund operations, drive commercialization, and continue investing in groundbreaking autonomous vehicle technologies.

“With increasing demand for automation solutions, especially in the automotive, heavy machinery and logistics industries, this funding allows us to build on recent momentum, including our upcoming autonomous forklift launch and other strategic advancements.” [Read more…] about Cyngn raises $33 million in December to scale autonomous mobile robot business

Cornerstone Robotics raises over $70 million to commercialize robotic surgery system

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Cornerstone Robotics, a developer of surgical robotics, has successfully raised over $70 million in Series C financing led by EQT with participation from Qiming Venture Partners, Alpha JWC Ventures, the Innovation and Technology Venture Fund, eGarden Ventures, CTS Funds, K2VC, Long-Z Capital, and others.

This funding will accelerate the company’s efforts in advancing the commercialization process, developing new surgical robotics products, conducting clinical trials, obtaining regulatory approvals, and promoting global adoption of advanced robotic surgical solutions.

In addition to receiving funding from a group of prominent investors, the Company headquartered in Hong Kong and the Greater Bay Area, also received investment from the Innovation and Technology Venture Fund under the Innovation and Technology Commission of the Hong Kong Special Administrative Region Government. [Read more…] about Cornerstone Robotics raises over $70 million to commercialize robotic surgery system

Deus Robotics secures $3 million investment to enable robot interoperability for warehouses

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Deus Robotics, a provider of warehouse robotic automation, has closed a $3 million seed funding round led by U.Ventures, with participation from 1991 Ventures, SID Venture Partners, Sigma Software Labs, and SD Capital.

The company offers an end-to-end robotic automation solution consisting of a unique AI platform that enables seamless integration, management, and optimization of robots from any manufacturer, and an advanced fleet of AI-enhanced robots from a variety of manufacturers to meet the majority of warehouse automation needs.

Deus Robotics seeks to leverage the funding to fine-tune its product and fuel robotic adoption across the warehouse industry, primarily in the UK. [Read more…] about Deus Robotics secures $3 million investment to enable robot interoperability for warehouses

Serve Robotics secures $86 million in new financing

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Serve Robotics, an autonomous delivery company, has raised gross proceeds of $86 million during December 2024, bringing total gross proceeds raised in 2024 to $167 million.

Since its spinout from Uber in 2021, the Company has secured approximately $220 million in total funding. The additional December 2024 funding includes proceeds raised through Serve’s previously filed ATM facility and the exercise of warrants. As of December 31, 2024, Serve had a total of approximately 51.5 million shares of common stock issued and outstanding.

This infusion of capital significantly strengthens Serve’s financial position, extending its expected operational runway approximately through the end of 2026. Serve is now able to self-fund equipment investments, eliminating the near-term need for equipment financing and its associated servicing costs. [Read more…] about Serve Robotics secures $86 million in new financing