Metzingen, Germany-based Neura Robotics, an AI and robotics startup, announced on Wednesday that it has secured $55M (approximately €48M) in a new funding round.
The round was led by European investors Lingotto (an investment management company owned by Exor N.V.), Vsquared Ventures, Primepulse, and HV Capital.
With the capital increase, Neura Robotics says it will accelerate expansion into the US and Japan, and develop production infrastructure in Germany. This will meet the exponential demand for the order book, which the company claims exceeds $450M (approximately €400M).
David Reger, Founder and CEO of Neura Robotics, says, “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.“