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.