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Nomagic GmbH has successfully secured $44 million in its latest funding round, aiming to expand its warehouse automation solutions throughout Europe over the next two years. The company, headquartered in Warsaw, Poland, intends to utilize this capital to enhance its technological developments, particularly in artificial intelligence.
Specializing in e-commerce and multichannel fulfillment, Nomagic merges advanced AI with top-tier robotics to streamline processes such as picking, packing, and sorting using its robust robotic arms.
According to Kacper Nowicki, CEO of Nomagic, this funding is a crucial milestone that will enable the company to scale its operations in response to rising demand for high-performance robotic systems among its clientele, which includes major retailers and e-commerce distributors. “With the backing of our investors, we’re positioned to be the partner of choice for the largest retailers, e-com distributors, and third-party logistics providers who are looking for robots that are already deployed at scale,” he stated.
Founded in 2017 by Nowicki, Chief Technology Officer Marek Cygan, and Tristan d’Orgeval, Nomagic previously raised $22 million in a Series A funding round in 2022. This earlier investment allowed the company to broaden its product range from smaller electronics to larger goods such as apparel and groceries.
Capitalizing on Warehouse Automation Trends
The warehousing sector is rapidly integrating robotic technology, driven largely by advancements in artificial intelligence. Nomagic reports a notable uptick in interest from industries aiming to enhance operational efficiency and mitigate labor shortages through automation.
Over the past year, Nomagic has achieved remarkable growth, with a reported 220% increase in contracted annual recurring revenue (ARR) in 2024, and an ambitious target of another 200% rise slated for 2025. This growth reflects a surge in market demand that has significantly influenced the recent investment round.
The company noted increasing interest from both existing and new clients across various sectors, including fashion, general goods, pharmaceuticals, and grocery distribution. Nomagic is optimistic about expanding its installations to include multiple sites each equipped with over ten robots.
Nomagic has reached notable deployment milestones with various clients, such as Apo.com and Asos, among others. The company stated that the new funding will enable it to leverage data from its expanding fleet of robots to enhance large multimodal operational models.
“The variety of these partnerships showcases Nomagic’s capacity to provide scalable robotic solutions that fit seamlessly into e-commerce and multichannel fulfillment operations across all sectors,” the firm stated.
Key Investors in the Funding Round
The funding round was spearheaded by the European Bank for Reconstruction and Development (EBRD) through its venture capital branch. Other notable investors included Khosla Ventures and Almaz Capital, along with previously secured venture debt from the European Investment Bank (EIB).
Bruno Lusic of EBRD Venture Capital remarked on Nomagic’s impressive growth trajectory and demonstrated success in advanced AI and robotics applications. “Nomagic’s proven track record positions it as a leader in the warehouse automation revolution, and we are thrilled to support the company as it continues to innovate within this dynamic sector,” he said.
Source
www.therobotreport.com