Niryo, the global startup democratizing collaborative robot arms, raises €10 million

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Niryo, the global startup democratizing collaborative robot arms, raises €10 million
Niryo, the global startup democratizing collaborative robot arms, raises €10 million

Niryo, the global startup democratizing collaborative robot arms, raises €10 million

Lille, France, October 10, 2023 : Niryo, the industrial start-up specialised in the design of compact collaborative robotic arms, declares a €6.4 million spherical of financing, marking a brand new stage in its ambition to revolutionize the collaborative robotics trade on a global scale. This Series A financing spherical, led by the BPI Digital Venture funding fund, the Innovacom funding fund and 4 different historic funds (IRD, Finorpa, NFA and Go Capital), goals to help Niryo’s progress, notably by addressing new use circumstances, creating a spread geared toward professionals, and consolidating its worldwide growth. This financing is complemented by €3.6 million in loans supplied by a banking pool.

Since its creation, Niryo has gained a world status for its accessible collaborative robot arms and its Niryo Studio utility for controlling them, mixed with an method centered on engagement and proximity with its prospects. Its newest robotic arm, NED2, is used and accredited worldwide, notably by the training, analysis and coaching sectors.Many worldwide firms have additionally adopted Niryo cobots, together with Airbus, Deutsch Bahn, Siemens, Solvay, Coca-Cola in addition to Texas Instrument. Guided by the daring imaginative and prescient of its founder, Marc-Henri Frouin, the firm has demonstrated an unwavering dedication to the democratization of cobotics, robotics made to work with people. Its mission? To work in direction of a brand new, extra resilient and extra human-oriented type of robotics.

Marc-Henri Frouin, CEO of Niryo, speaks enthusiastically about this new step: “At Niryo, we’re pushed by a deep conviction in the energy of expertise to form a extra sustainable and humane future. Niryo makes collaborative robotics accessible to all, and promotes a extra resilient imaginative and prescient of expertise. With this fundraising, we proceed to write down our historical past by pushing again the limits of what robotics can obtain. It can also be a chance for us to reveal that collaboration between man and machine is the key to innovation in all sectors.”

This €10 million spherical of financing reinforces the start-up’s ongoing growth. With a workforce of some forty staff, Niryo stays deeply rooted in Lille, France. Indeed, the firm continues to favor the use of French merchandise and maintains an in-house meeting course of, reinforcing its dedication to nationwide innovation.

“This funding, which we’re delighted to announce, is absolutely according to our funding philosophy: to help revolutionary and bold industrial tasks in our areas. Based in the Hauts-de-France area, Niryo’s merchandise contribute to the growth of Industry 4.0 in France, not least by native manufacturing. Thanks to its inexpensive, strong robotic options, Niryo provides a variety of use circumstances, making industrial robotics, till now reserved for giant firms, accessible to smaller constructions”, explains Alban Nénert, Business Manager at Innovacom.

Today, Niryo has a presence in over 70 nations, with a powerful footprint in the US, Germany and the UK markets. Its newest growth, the “NED 2” instructional robot, provides an accessible and compact answer for coaching engineers. This small, light-weight robot can simulate real-life industrial eventualities by connecting a number of models. Engineering faculties and analysis facilities are the predominant prospects for this product, reflecting Niryo’s want to form the way forward for robotics by training and analysis.

“We’re satisfied that the cobot market is ready for robust progress over the subsequent few years. Thanks to its vary of light-weight, space-saving, simply programmable collaborative robots with a easy UX, Niryo appears ideally positioned to democratize the use of cobots in lots of sectors, past the conventional makes use of of robotics in trade,” explains Marion Aubry, Investment Director at Bpifrance Digital Venture.

This new section of financing opens the technique to a promising future. It’s a chance for the startup pioneer in the instructional robotics market to increase its experience and vary of robots to the wants of the skilled sector. The firm stays dedicated to remodeling collaborative robotics right into a sustainable energy, with the predominant purpose of reinforcing the impression of expertise whereas preserving humanity at the coronary heart of each advance.

It is with this in thoughts that Niryo is opening 20 everlasting positions to hold out its bold tasks.


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