Neura Robotics, a German startup that since 2019 has been building cognitive robots — machines that possess memory, the ability to operate across a complex and changing mix of variables, and can collaborate with people (“cobots” as Neura calls them) — has raised $55 million. It plans to use the funding to fuel more R&D and to expand its business in Asia and the U.S., and it will also be using some of it to beef up manufacturing: the company says its order book is now at $450 million over the next five years.
“The actual demand of our customers is much higher, but currently still limited by our production capacities,” David Reger, Neura’s CEO and founder, told TechCrunch. (Reger is pictured above with some of Neura’s robots.)
The funding is coming from Lingotto — an investment management company that is part of PE firm Exor N.V. — plus Vsquared Ventures, Primepulse and HV Capital. The valuat...
