EBRD Venture Capital, which contributed to this funding, manages a €250 million fund focused on early and growth-stage technology investments in central and eastern Europe.

The company's technology focuses on automating critical tasks such as picking, packing, and sorting, which significantly improves efficiency and accuracy in fulfillment processes.

The funding will be directed towards advancing Nomagic's product development, as well as enhancing its sales and marketing efforts.

Nomagic's annual recurring revenue has surged by 220% last year, with expectations of an additional 200% growth this year, driven by demand in e-commerce and pharmaceuticals.

The company has established strong market traction, with key clients including notable names like Apo.com, Arvato, Asos, and Brack.

Nomagic's robots leverage advanced AI systems to manage a diverse range of products, continuously learning from data to enhance their performance.

Nomagic's robots are designed for continuous operation, requiring minimal oversight and delivering high returns on investment through a robot-as-a-service model.

The involvement of EBRD underscores the growing importance of robotics and technology in revitalizing European industry, supported by other investors like Khosla Ventures and Almaz Capital.

This latest investment marks an 'up round' in valuation for Nomagic, which has previously secured around $30 million in funding.

CEO Kacper Nowicki emphasized that this funding is crucial for scaling their solutions to meet the rising demand for high-performance robotic systems.

This round represents the largest funding for Nomagic to date, reflecting a broader industrial trend in enhancing manufacturing capabilities across regions like the U.S. and Europe.

Polish robotics startup Nomagic has successfully raised $44 million in a Series B funding round, primarily led by the European Bank for Reconstruction and Development (EBRD).