Nomagic, a Polish startup that has built a robotic arm that can identify and pick out an item from an unordered selection (say, from objects in a box) and then move or pack it into another place, has raised $22 million, funding that it will be using towards both growing and expanding its business.
Nomagic’s robotic arms were first deployed to work picking up and moving small consumer electronics and related items — phones, cables, small toys — before extending to items like bagged apparel.
Kacper Nowicki, the CEO who co-founded the company with Marek Cygan (CTO) and Tristan d’Orgeval (CSO), said that the plan is to add in more categories like groceries over time, reflecting changing consumer habits and what people are buying online these days. “That is the long-term goal,” he said.
The company already has a number of customers in sectors ranging from fashion, e-commerce and third-party logistics providers — one of the more prominent is Brack.ch, a Swiss-based “everything” store similar to Amazon in terms of its physical product range.
And while it currently bases its tech around computer vision to identify objects and read codes, over time it is likely also to incorporate other kinds of tech such as radio-wave scanning to identify items.
Khosla Ventures and Berlin’s Almaz Capital co-led the round with the European Investment Bank, with past backers Hoxton Ventures, Capnamic Ventures, DN Capital, and Manta Ray also participating.
Nomagic last raised funding — a seed round of $8.6 million — in February 2020.
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