Neura Robotics

Executive Summary

Neura Robotics is Europe’s leading cognitive robotics company, building machines that can perceive, understand, and safely interact with humans. At Automatica 2025, the company unveiled the third-generation 4NE-1 humanoid, launched MiPA, its household and service robot, and introduced Neuraverse, a shared operating system and skills marketplace across its robot fleet.

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Neura has disclosed strong commercial momentum, including a €1 billion order book and 10x revenue growth in 2024. In October 2025, the acquisition of ek robotics significantly expanded Neura’s capabilities into mobile robotics, adding AGV and AMR systems for intralogistics and warehouse automation, along with an expanded enterprise customer base.

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The company has shifted manufacturing to Germany, consolidating production in Metzingen to support quality control, supply-chain resilience, and regulatory alignment. Neura operates as a vertically integrated platform, developing its AI, sensing, hardware, and manufacturing processes in-house, including its NEURA Hive production system.Backed by institutional investors including Lingotto Investment Management, BlueCrest Capital Management, and Volvo Cars Tech Fund, Neura is currently raising a Series C round at an implied pre-money valuation of approximately €4.7 billion, with public reporting indicating Tether Holdings in advanced discussions to lead the round.

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Overview

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Neura Robotics was founded in 2019 by David Reger and is headquartered in Metzingen, Germany, with operations in the United States and China. The company develops full-stack cognitive robotics systems designed to address labor shortages and automation needs across manufacturing, logistics, healthcare, retail, and domestic environments.

Neura’s product portfolio includes:

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• 4NE-1 humanoid robots designed for general-purpose industrial and service applications
  
• MiPA, a cognitive household and service robot targeting healthcare, hospitality, and consumer-adjacent use cases
  
• MAiRA, a cognitive collaborative robot for manufacturing and logistics workflows
  
• Mobile robotics systems including AGVs and AMRs following the acquisition of ek robotics

The company’s technology stack is built around its proprietary AURA AI and Neuraverse operating system, enabling shared skills, perception, and control across all robot form factors. Neura maintains strategic partnerships with NVIDIA, SAP, Kawasaki, Omron, Delta, and Vorwerk, and operates its own manufacturing facilities in Germany.

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4NE-1 Humanoid

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4NE-1 is Neura’s general-purpose humanoid robot designed to operate safely alongside humans in industrial and service environments.

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High Dexterity: 16 degrees of freedom per hand enable precise manipulation and complex task execution

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Extended Operation: Dual-battery architecture supports continuous operation with intelligent power management

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Cognitive AI: AURA AI employs layered models for real-time perception, task planning, and adaptive behavior

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Safe Collaboration: Proprietary Omnisensor and Artificial Skin technologies enable predictive human detection and cage-free collaboration

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Vertical Integration: In-house development of AI, sensors, actuators, and hardware accelerates iteration and system optimization

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Strategic Rationale

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Humanoid and cognitive robotics represent a transformative opportunity to address global labor shortages and industrial automation constraints. The market is projected to grow rapidly, driven by demographic shifts, rising labor costs, and advances in AI and manufacturing.

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Neura Robotics has emerged as Europe’s leading cognitive robotics platform and Germany’s only company developing full-stack humanoid robots.

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The company is:
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• Commercially proven, with a €1 billion order book and 10x revenue growth in 2024
  
• Platform-driven, with shared AI, sensing, and software across humanoids, service robots, cobots, and mobile automation
  
• Strategically positioned, with European manufacturing, enterprise integration, and regulatory alignment
  
• Strongly differentiated, through its Neuraverse ecosystem and cognitive safety architecture
  
• Institutionally validated, with participation from major financial and strategic investors

Neura’s multi-product platform aligns with XMAQUINA’s thesis that scalable Physical AI will emerge from integrated systems rather than single-product solutions.

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Share Class

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The DAO has secured common equity in Neura Robotics through a single-layer SPV at a target pre-money valuation of approximately €4.7 billion for the company’s ongoing Series C financing.
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The exact number of shares will be determined once the round officially closes and final terms are confirmed. This information will be updated and published as soon as it becomes available.

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Potential Liquidity Events

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Neura Robotics’ commercial traction and strategic positioning suggest multiple potential paths to liquidity, subject to market conditions and company performance.

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Strategic Acquisition

Potential acquirers include global technology companies, industrial automation leaders, automotive OEMs, or existing strategic partners seeking to expand capabilities in Physical AI and robotics.

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Initial Public Offering (IPO)

As a scaled European robotics platform with growing revenue and enterprise adoption, Neura represents a credible IPO candidate on European exchanges or US markets over the medium to long term.

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Secondary Market

Secondary liquidity may emerge in future rounds depending on investor demand and company progress.

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No liquidity event is guaranteed.

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Key Risks & Considerations

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Despite its potential, Neura Robotics faces risks typical of the humanoid robotics sector:
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Execution risk, including manufacturing scale-up, integration of ek robotics operations, and deployment complexity

Market adoption risk, as enterprise procurement cycles, regulation, and safety validation may slow adoption

Competitive risk, with well-capitalized global players actively investing in humanoid and cognitive robotics

Liquidity risk, as this represents an investment in a late-stage private company with an uncertain exit timeline

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These risks are partially mitigated by Neura’s vertical integration, strong order book, European manufacturing footprint, and platform-based approach.