NEURA Robotics raises €120 million for cognitive humanoids

Cognitive and humanoid robotics developer NEURA Robotics recently announced it has raised €120 million (about $125.1 million) in a Series B funding round.

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.

NEURA Robotics said this investment underscores its key role in cognitive robotics, showing how it is positioned to grow in the robotics industry across Europe and globally alongside strong players in the U.S. and China.

$1 billion in customer orders already secured

Founded in 2019, NEURA Robotics creates cobots designed to work seamlessly with humans in industries such as manufacturing, logistics, and healthcare.

With its sensor technology and AI integration, NEURA Robotics has a cognitive cobot in the market and is now developing market-ready humanoid robots.

In the last year alone, the NEURA team doubled its number of employees to over 300 people and achieved 10x revenue growth. Under the leadership of founder and CEO David Reger, NEURA Robotics has already secured €1 billion (about $1.04 billion) in customer orders.

“Cognitive robotics is expected to become bigger than the smartphone” Reger said. “I am proud that NEURA is the first one to ship a commercially-viable cognitive robot and remains the only humanoid robotics company in Germany. This investment shows the confidence our investors have in my team and in pioneering advanced robotics in Europe.”

Neuraverse platform includes robotic skills marketplace

Looking at NEURA's portfolio and track record, investors anticipate even more growth and rapid development and innovation in the coming years.

“NEURA’s exceptional technological expertise and groundbreaking innovation are transforming both industrial and consumer robotics,” said Nikhil Srinivasan, Lingotto Horizon managing partner. “With phenomenal AI capabilities, an extraordinary growth trajectory, and a billion-dollar order book, NEURA is on track to potentially becoming a multi-billion-dollar company.”

Looking to the future, NEURA Robotics is not just focused on its own expansion, but also on the sustainable long-term growth of the cognitive robotics category from the heart of Europe. The fresh capital will fuel further research and development, supporting the launch of new products - all building on NEURA Robotics’ own Neuraverse platform.

The Neuraverse is an ecosystem that NEURA Robotics said can help accelerate innovation in cognitive robotics through various elements such as an operating system for cognitive robotics and a marketplace for robotic skills.