BAKU, Azerbaijan, February 26. The European
Bank for Reconstruction and Development (EBRD) is leading a $44
million (41.9 million euros) Series B funding round for Nomagic, a
Poland-based robotics company, Trend reports.
The investment, joined by Khosla Ventures and Almaz Capital,
will support Nomagic’s product development, sales, and marketing
efforts.
Nomagic provides AI-powered robotic solutions for logistics,
e-commerce, and retail businesses, helping automate fulfillment
processes and reduce operational costs. Its robots, operating on a
robot-as-a-service model, function autonomously 24/7 with minimal
supervision.
As warehouse automation continues to grow, AI-driven robotic
picking solutions are increasingly in demand, particularly in
sectors such as fashion, pharmaceuticals, and groceries.
“This funding round is a significant milestone for Nomagic as we
expand to meet the growing demand for high-performance robotic
systems,” said Nomagic CEO Kacper Nowicki.
Bruno Lusic, Associate Director at EBRD Venture Capital,
highlighted the company’s strong position in warehouse automation,
stating: “Nomagic’s proven AI and robotics technologies, along with
its impressive growth, make it a leader in this evolving
industry.”
EBRD Venture Capital, a 250-million-euro fund, invests in early
and growth-stage technology companies across Central and Eastern
Europe.
