Insider Brief
- ARX Robotics has raised €9M in seed funding, led by NATO Innovation Fund, with Project A and Discovery Ventures participating.
- The funding will help ARX expand its team, scale production and support European armed forces with advanced unmanned ground systems.
- Project A’s GP, Uwe Horstmann, highlighted ARX’s potential to revolutionize safety and efficiency in both defense and commercial sectors with scalable autonomous robotic solutions.
PRESS RELEASE — Berlin/June 10, 2024 — ARX Robotics , a manufacturer of scalable robotic systems for mass deployment in both defence and commercial applications, announces that it has raised a 9M EUR seed funding round. NATO Innovation Fund is the lead investor, with participation of Project A and Discovery Ventures.
ARX has become one of the pioneers in autonomous and modular robotic solutions that redefine cost-effective technology for Hashtag#defence and commercial use cases. The new funding will enable ARX to expand its team, scale production capabilities and help European armed forces future-proof for robotic warfare by overcoming the lack of mass in unmanned ground systems.
Uwe Horstmann, GP at Project A: “We believed in ARX’s potential early on, when we supported their ideation process in our Studio and subsequently led their pre-seed round. Autonomous robots will be a game changer in terms of increasing safety, efficiency and capabilities. The team has demonstrated a remarkable ability to address robust and modular ground robotics at scale in dual-use scenarios for both government and civil customers.”
Featured image: Credit: ARX Robotics
