Lille, France, October 10, 2023, — 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.
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. Guided by the bold vision of its founder, Marc- Henri Frouin. The company has demonstrated an unwavering commitment to the democratization of cobotics, robotics made to work with humans. Its mission? To work towards a new, more resilient and more human-oriented form of robotics.
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. We believe technology can shape a more sustainable and humane future. Furthermore, 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 essential. This collaboration is the key to innovation in all sectors.”
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. It maintains an in-house assembly process, reinforcing its commitment to national innovation.
“This investment, which we are delighted to announce, is fully in line with our investment philosophy. To support innovative and ambitious industrial projects in our regions. Based in the Hauts-de-France region, Niryo’s products contribute to the development of Industry 4.0 in France. This is achieved not least through local production. Moreover, thanks to its affordable, robust robotic solutions, Niryo offers a wide range of use cases. This makes industrial robotics, until now reserved for large companies, accessible to smaller structures”, explains Alban Nénert, Business Manager at Innovacom.
Today, Niryo has a presence in over 70 countries, with a strong footprint in the US, Germany and the UK markets. Its latest development, the “NED 2” educational robot, offers an accessible and compact solution for training engineers. This small, lightweight robot can simulate real-life industrial scenarios by connecting several units. Furthermore, Engineering schools and research centers are the main customers for this product, reflecting Niryo’s desire to shape the future of robotics through education and research.
“We believe that the cobot market will experience strong growth over the next few years. Moreover, thanks to its range of lightweight, space-saving, easily programmable collaborative robots with a simple UX, Niryo seems ideally positioned to democratize the use of cobots in many sectors, beyond the traditional uses of robotics in industry,” explains Marion Aubry, Investment Director at Bpifrance Digital Venture.
This new phase of financing opens the way to a promising future. It’s an opportunity for the startup pioneer in the educational robotics market to extend its expertise and range of robots to the needs of the professional sector. The company remains committed to transforming collaborative robotics into a sustainable strength, with the main goal of reinforcing the impact of technology while preserving humanity at the heart of every advance.
It is with this in mind that Niryo is opening 20 permanent positions to carry out its ambitious projects.