Nomagic picks up $44M for its AI-powered robotic arms

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Regions like the U.S. and Europe have been doubling down on rebuilding their industrial muscle, after decades of closing down factories and outsourcing the work to countries like China. To that end, a fast-growing Polish startup called Nomagic, which builds robots — specifically robotic arms — for logistics operations, is announcing $44 million in funding, money it will use for both technology and business development, including breaking ground on its first efforts to sell its robots to customers in regions outside Europe, specifically North…



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Nomagic picks up $44M for its AI-powered robotic arms


Regions like the U.S. and Europe have been doubling down on rebuilding their industrial muscle, after decades of closing down factories and outsourcing the work to countries like China. To that end, a fast-growing Polish startup called Nomagic, which builds robots — specifically robotic arms — for logistics operations, is announcing $44 million in funding, money it will use for both technology and business development, including breaking ground on its first efforts to sell its robots to customers in regions outside Europe, specifically North…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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