BPI Digital Venture
Assembly Line
Niryo raises €10M for global expansion of collaborative robot arms
Niryo announces a €6.4 million round of financing. This Series A financing round, led by the BPI Digital Venture investment fund, the Innovacom investment fund and 4 other historical funds (IRD, Finorpa, NFA and Go Capital), aims to support Niryo’s growth, including its international expansion. A banking pool provides €3.6 million in loans to complement this financing. This €10 million round of financing reinforces the start-up’s ongoing development. With a team of some forty employees, Niryo remains deeply rooted in Lille, France. Indeed, the company continues to favor the use of French products.
Since its creation, Niryo has gained an international reputation for its accessible collaborative robot arms. Its Niryo Studio application for controlling them, combined with an approach focused on engagement and proximity with its customers. The education, research, and training sectors worldwide have notably used and approved NED2, its latest robotic arm. Many international companies have also adopted Niryo cobots, including Airbus, Deutsch Bahn, Siemens, Solvay, Coca-Cola as well as Texas Instrument.