Nomagic complete $22m funding round

Nomagic, a Polish start-up which has built a robotic arm for use in e-commerce and retailers’ factories, has completed a $22 million funding round.

Led by Silicon Valley-based fund Khosla Ventures as well as Almaz Capital from Berlin and the European Investment Bank, the latest funding round brings Nomagic’s investment to over $30 million following an initial funding round totalling $8.6 million in 2021.

Nomagic’s robotic arm can identify an item from an unordered selection, pick it up and pack it into a box – thereby freeing up factory workers to focus on more onerous tasks, the company said.

Nomagic has introduced a more advanced range of machine learning and AI-based technologies which advance the current limitations of robotic arms which can only work when items have already been ‘ordered’ in a predictable way, such as on an assembly line.

Along with the funding round announcement, Nomagic also shared that they are now working with Swiss e-commerce platform BRACK.CH.

The company has adopted Nomagic's picking solution in order to automate picking from its AutoStore™ system and reportedly has plans to expand the usage of Nomagic's picking solutions in the future.

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