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HomeFunding French-based The Industrial Startup Niryo Secures €10 million Series A Round...

[Funding alert] French-based The Industrial Startup Niryo Secures €10 million Series A Round Funding

French-based Niryo, a startup in the industrial sector, has raised €10 million in a series A investment. The BPI Digital Venture investment fund, the Innovacom investment fund, and four other developed funds (IRD, Finorpa, NFA, and Go Capital) are leading this Series A financing round.
Marc-Henri Frouin – Founder and CEO of Niryo

French-based Niryo, a startup in the industrial sector, has raised €10 million in a series A investment. The BPI Digital Venture investment fund, the Innovacom investment fund, and four other developed funds (IRD, Finorpa, NFA, and Go Capital) are leading this Series A financing round.

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This Round seeks to support Niryo’s growth by addressing new use cases, creating a line of products aimed at professionals, and consolidating the company’s worldwide expansion.

An additional €3.6 million in loans via a banking pool is added to this funding.Since its founding, Niryo has built an international standing for its easily-accessible collaborative robot arms, its Niryo Studio application for operating them, as well as a strategy that emphasizes closeness and connection with its clients.

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NED2, its latest robotic arm, is utilized and endorsed worldwide, particularly in the fields of training, research, and teaching. In addition to Texas Instrument, Airbus, Deutsch Bahn, Siemens, Solvay, Coca-Cola, and others, many worldwide businesses have also embraced Niryo cobots.

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The firm has demonstrated a steadfast dedication to the democratization of cobotics, robotics designed to collaborate with humans, guided by the audacious vision of its founder, Marc-Henri Frouin. Its intended use? to develop a new type of robots that is more dependable while concentrating on people.

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Marc-Henri Frouin, CEO of Niryo, speaks enthusiastically about this new step: “At Niryo, we are driven by a deep conviction in the power of technology to shape a more sustainable and humane future. Niryo makes collaborative robotics accessible to all, and promotes a more resilient vision of technology. With this fundraising, we continue to write our history by pushing back the limits of what robotics can achieve. It is also an opportunity for us to demonstrate that collaboration between man and machine is the key to innovation in all sectors.”

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The latest round of financing, at €10 million, supports the startup’s ongoing development. Niryo has a staff of approximately forty people and continues to be firmly situated in Lille, France. In fact, the company maintains an internal assembly process and keeps promoting the use of French components, further showing its dedication to local innovation.

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About Niryo

French startup Niryo produces desktop collaborative robots for research facilities, engineering schools, educational institutions, and universities.

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Is it real? democratizing robotics, making it readily available and advancing a new industrial vision tinged with reason, humanity, toughness, and resilience. A group of forty driven individuals works tirelessly to build cutting edge technology and software to continue realizing this objective. Professionals can automate, do research, and train free in this fashion.

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Niryo’s cobots, which may be incorporated into a range of ecosystems, raise awareness of a need for technological advancement in a world through artificial intelligence, image processing, and cloud computing.

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