Warsaw-based Nomagic, a provider of AI powered robotics for warehouses and the fulfillment sector, announced the successful close of its latest investment round, securing $44 million.
The round was 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).
“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,” said Nomagic.
“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 …
“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% growth in contracted Annual Recurring Revenue (ARR) in 2024 and targeting another 200% 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.”
Nomagic CEO Kacper Nowicki said: “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.”
Nomagic’s clients include Apo.com, Arvato, Asos, Brack, Fiege, Komplett or Vetlog.one.
“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,” said Bruno Lusic at EBRD Venture Capital. “We’re excited to support the company as it continues to break new ground in this dynamic industry.”