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Nomagic picks up $44M for its AI-powered robotic arms


Regions like the U.S. and Europe have been doubling down on rebuilding their industrial muscle, after decades of closing down factories and outsourcing

A large part of the workforce that used to run factories and warehouses of the past has moved to other kinds of jobs; and when it hasn’t, industrial operators have been reducing the number of human workers to cut costs and improve efficiency by bringing in more automation. Just being outraged, unfortunately, doesn’t mean these kinds of technologies are not being built, nor that humans will not become obsolete in some functions… or, on the other hand, that someone will not speak up for them, and their skills and work will continue and live on to fight another labor dispute. The e-commerce leviathan is a big investor in robotics for its own warehouses, and in July 2024, it emerged that it had hired Covariant’s founders and worked out a major licensing deal with the startup.

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Photo of Nomagic

Nomagic

Photo of powered robotic arms

powered robotic arms