Nomagic GmbH, a Warsaw-based innovator in warehouse automation, announced a significant $44 million funding boost. This capital infusion aims to enhance the company’s deployment footprint across Europe and further develop its advanced AI-driven robotics solutions. Nomagic’s latest move cements its position as a key player in the expanding e-commerce fulfillment sector.
Earlier funding rounds have supported Nomagic’s growth from handling smaller consumer electronics to managing larger items like apparel and groceries. The new investment reflects the company’s sustained expansion and its ability to attract substantial financial backing for scaling operations across diverse markets.
Enhancing Deployment Across Europe
The recent investment will facilitate Nomagic’s plans to scale its robotic systems across various European markets. The company targets deploying its justPick system, which can execute up to 500 picks per hour with over 95% SKU coverage, in multiple new facilities, addressing the growing automation needs of retailers and logistics providers.
Advancements in Artificial Intelligence
Investing in AI, Nomagic aims to build upon its recent breakthroughs to improve the efficiency and versatility of its robotic arms. The company utilizes advanced AI to enhance picking, packing, and sorting processes, ensuring seamless integration into existing e-commerce and multichannel fulfillment operations.
Strong Market Demand and Partnerships
Nomagic has witnessed a 220% growth in contracted annual recurring revenue in 2024 and anticipates a 200% increase in 2025, reflecting robust market demand. The company’s solutions have gained traction with clients such as Apo.com, Arvato, Asos, Brack, Fiege, Komplett, and Vetlog.one, showcasing its capability to deliver scalable robotic solutions across diverse industries.
The European Bank for Reconstruction and Development’s venture capital arm led the funding round, joined by Khosla Ventures, Almaz Capital, and the European Investment Bank’s venture debt.
“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,”
stated Bruno Lusic of EBRD Venture Capital.
“We’re excited to support the company as it continues to break new ground in this dynamic industry,”
he added.
Nomagic’s continued expansion and investment in AI technology indicate a strong future for automated warehouse solutions. Businesses aiming to optimize operations and address labor shortages may find Nomagic’s offerings increasingly integral to their logistics strategies. The company’s strategic partnerships and robust growth metrics suggest it will remain influential in the warehouse automation sector.
