NoMagic robots pick $22m from Khosla, Almaz & EIB

Happy to share that another company in our portfolio successfully raised an investment round with top global VC funds.

NoMagic – delivering a robotic arm that can identify and pick out an item from an unordered selection (say, from objects in a box) and then move or pack it into another place – has raised $22 million, funding that it will be using toward both growing and expanding its business.

NoMagic robotic arm in action

Top players on the VC market: Khosla Ventures and Almaz Capital co-led the round with the European Investment Bank, with past backers Hoxton Ventures, Capnamic Ventures, DN Capital and Manta Ray also participating.

More info on the investment in TechCrunch: Nomagic picks up $22M for its e-commerce warehouse picking robots