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.

    Share Story:

Recent Stories


The Very Group
The Very Group transformed range and assortment planning using Board.

Watch the full video

Smarter merchandise planning across the retail value chain
In this webinar, Matt Hopkins, Head of Retail Solutions, Board, Catherine Tooke, SVP Product & Planning, Sweaty Betty, and Subir Gupta, Managing Principal, Thought Provoking Consulting join Retail Systems Editor Jonathan Easton to discuss the findings of the recent Retail Systems report The Merchandise Planning Challenge: How are retailers harnessing technology to optimise planning and retain customers? and examine the innovations that are improving retail planning.

Advertisement