LUXEMBOURG — Nomagic, a leader in intelligent robotics for e-commerce and retail warehouses, is set to receive a significant boost in its research and development efforts through an €8 million loan from the European Investment Bank (EIB). This financing, facilitated under the European Commission’s InvestEU programme’s Future Technologies window, underscores the EIB’s commitment to fostering innovation and technological advancement within the European Union, according to a press release published on EuropaWire.

The investment aims to propel Nomagic’s automation solutions to new heights, enhancing its competitiveness and expanding its product range. Teresa Czerwińska, Vice-President of the EIB, emphasized the strategic importance of this support, stating, “We are pleased to announce our commitment to providing essential capital to Nomagic under the InvestEU programme. This financial support is aimed at empowering Nomagic in advancing automation solutions for the warehousing sector.”

Nomagic’s breakthrough technology, Nomagic React.AI, represents a significant innovation in warehouse automation. By harnessing artificial intelligence, Nomagic React.AI enables robots to efficiently handle a wide variety of goods without the need for specific programming, revolutionizing repetitive picking functions within warehouses. Marek Cygan, Co-founder and Chief AI Officer of Nomagic, expressed the company’s dedication to delivering value to customers, stating, “Nomagic React.AI, which we will deploy to our production robots with this new funding, perfectly exemplifies our AI capabilities.”

The loan from the EIB will not only support Nomagic’s R&D efforts but also facilitate its expansion into new sectors and strengthen partnerships with system integrators. As the sole European entity in a predominantly U.S.-dominated segment, Nomagic is poised to solidify its position in the market and contribute significantly to the evolution of warehouse automation in Europe.

Highlighting the broader context of the EIB’s investment strategy, it was noted that during the five years leading up to 2023, the EIB Group’s investment in Poland in innovations, digitalization, and human capital amounted to €4.3 billion. This underscores the EIB’s dedication to advancing cutting-edge technologies and fostering the development of human capital throughout Europe.