Nomagic raises $22M, says its robots pick from AutoStore™ at BRACK.CH
Nomagic announced that it raised a Series A investment of $22M and informed that its robots have been picking from AutoStore™ at a leading Swiss e-commerce retailer BRACK.CH. Moreover, Roar Isaksen, the former CEO of Dematic, joined Nomagic’s Advisory Board.
Leaders of the round included a renowned Silicon Valley Fund Khosla Ventures as well as Almaz Capital from Berlin and the European Investment Bank. The other participants of the round were DN Capital, Capnamic Ventures and Manta Ray from London and Capnamic Ventures from Cologne, all of which were already among Nomagic’s investors. With the the Seed round raised in 2020, the total financing of Nomagic reached over $30M.
Alongside this announcement was Nomagic's cooperation with BRACK.CH, a leading ecommerce platform in Switzerland, which has adopted Nomagic's picking solution in order to automate picking from its AutoStore™ system and plans to expand the usage of Nomagic's picking solutions in the future.