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Warsaw, Poland – March 24 – Nomagic, a leading provider of robotic picking solutions for warehouses, has announced it has secured an €8 million Research & Development (R&D) loan from the European Investment Bank (EIB). This milestone investment highlights both the company’s growing market traction and its dedication to delivering warehouse automation solutions with an industry leading 99.9% customer satisfaction rate.
EIB Vice-President, Prof. Teresa Czerwińska, commented:
“Supporting innovation is a cornerstone of the European Investment Bank’s strategic priorities. We are proud to provide vital funding to Nomagic through the InvestEU programme, helping them advance automation solutions for the warehousing sector. This investment reflects our confidence in Nomagic’s ability to drive forward innovation in artificial intelligence and robotics.”
The funding comes at a critical juncture for Nomagic as it expands its commercial reach, driven by strong demand for its flagship products, justInduct for Pocket Sorters and justPick for AutoStore. Recent partnerships with major third-party logistics providers such as Fiege and Arvato have cemented Nomagic’s reputation as a frontrunner in robotic item-handling technologies.
The capital from the EIB will be strategically allocated to further developing Nomagic’s proprietary AI systems. A primary focus will be on enhancing the company’s ReactAI technology, an advanced video-based anomaly detection system.
ReactAI enables robots to autonomously detect and correct rare picking errors, such as incorrect items, double picks, glued items, or boxes that open during handling. By leveraging computer vision and machine learning, ReactAI ensures continuous operations without the need for onsite human intervention. With this funding, Nomagic plans to extend video-based anomaly detection across its entire fleet of robots, enabling multi-hour autonomy during night and weekend shifts when no operators are present.
Marek Cygan, co-founder and Chief AI Officer of Nomagic, as well as a recent appointee to the AI advisory board of the Polish Government, said:
“Nomagic has built a world-class, lean AI team dedicated to delivering 99.9% accuracy in our solutions, ensuring the highest Return on Investment for our customers. This funding allows us to deploy our cutting-edge ReactAI technology to all production robots, empowering them to operate autonomously while continuing to provide exceptional value to our customers. ReactAI exemplifies our commitment to creating features that may not be immediately visible but are crucial for operational excellence.”
With its focus on enabling autonomous operations for extended periods, Nomagic is poised to address key challenges faced by the warehousing sector, including labour shortages and increasing operational complexity. This investment will bolster the company’s efforts to provide innovative and scalable automation solutions, ensuring its continued leadership in the industry.
Nomagic specialises in providing robotic picking solutions for warehouses, powered by proprietary Artificial Intelligence systems. Its flagship products, justInduct and justPick, are designed to automate complex picking and packing processes, delivering seamless integration into existing warehouse infrastructures.
The European Investment Bank (EIB) is the lending arm of the European Union and the world’s largest multilateral lender. Through the InvestEU programme, the EIB supports innovative companies and projects that drive sustainable growth and competitiveness in Europe.
Get in touch with Nomagic to see how our innovative technology can take your fulfillment processes to the next level.