Nomagic, a provider of AI powered robotics for warehouses and the fulfillment sector, has successfully closed its latest investment round, securing $44 million.
The funding will be used to scale deployments across Europe over the next two years and continue to invest in Nomagic’s AI and Robotics technology, building on recent breakthroughs by its AI team.
With demand growing from existing and new customers in sectors such as fashion, general merchandise, pharmaceuticals and groceries, Nomagic expects to multiply the number of sites with over 10 robots, across industries.
The round is led by the Venture Capital arm of the European Bank for Reconstruction and Development (EBRD), with extended support from existing investors Khosla Ventures and Almaz Capital, and includes previously signed Venture Debt from the European Investment Bank (EIB).
This milestone investment underscores Nomagic’s growing market momentum and its commitment to revolutionising automation technologies in logistics and fulfilment.
Nomagic has experienced significant traction over the past year, achieving a remarkable 220 percent growth in contracted Annual Recurring Revenue (ARR) in 2024 and targeting another 200 percent increase in 2025.
This exceptional performance highlights the company’s technological excellence and growing market demand, both of which played a key role in attracting this substantial investment.
Kacper Nowicki, CEO of Nomagic, says: “This funding round marks a pivotal moment for Nomagic as we scale our solutions to meet the growing demand from our customers for larger scale high-performing robotic systems.
“With the support of our investors, we’re positioned to be the partner of choice for the largest retailers, e-com distributors and 3PLs who look for robots already operating at scale.”
The warehouse industry is experiencing accelerated adoption of robotics, with robotic picking solutions driven by AI filling a critical gap in the automation process.
These advancements are driving significant interest from industries seeking to optimise operational efficiency and address labour shortages.
Nomagic’s commitment to customer success is reflected in deployment milestones achieved with several key clients, including Apo.com, Arvato, Asos, Brack, Fiege, Komplett or Vetlog.one.
The variety of these collaborations demonstrate Nomagic’s ability to deliver scalable robotic solutions that integrate seamlessly into ecommerce and multichannel fulfilment operations for all industries.
Bruno Lusic at EBRD Venture Capital, says: “Nomagic’s proven track record in deploying advanced AI and robotics technologies, combined with its impressive growth trajectory, positions it as a leader in the warehouse automation revolution.
“We’re excited to support the company as it continues to break new ground in this dynamic industry.”
This investment further solidifies Nomagic’s leadership in the robotics and AI space, with growing numbers of robots being deployed to customers and the collection of data from these robots, Nomagic can drive transformative advancement in its use of large multimodal models.
