German robotics company Magazino scores €21 million in Series B funding to build software for the ‘robots of the future’

Robin Wauters

Robin Wauters

Co-founder and editor-in-chief of Tech.eu, with previous stints at The Next Web and TechCrunch under his belt. Deeply in love with his family, technology, traveling and Belgian beer.
robin@tech.eu

Munich, Germany-based robotics company Magazino has closed a Series B financing round to the tune of €21 million led by intralogistics giant Jungheinrich and the European Investment Bank.

Founded in 2014, the company says the capital raised will be used to expand its international sales activities and to accelerate the expansion of ACROS.AI, its software platform for intelligent robots that can be used for third-party hardware.

“Jungheinrich’s investment in Magazino demonstrates the high market demand for our robotics software ACROS.AI and our robots. With it, Magazino will take on a central role in software in the rapidly growing market for mobile robotics,” said Frederik Brantner, co-founder and CEO of Magazino.

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