ARX Robotics raises €9 million seed round
The NATO Innovation Fund led the financing to expand the team and increase European production.
ARX Robotics announced a €9 million seed financing on June 10, 2024. The NATO Innovation Fund supplied more than half of the capital, with participation from Project A and Discovery Ventures.
The financing supports recruitment and the expansion of production capacity in Europe. ARX develops modular unmanned ground systems intended for deployment by armed forces as well as commercial and humanitarian users.
Its GEREON vehicles can carry equipment for logistics, evacuation, reconnaissance and training. A common robotic platform allows customers to adapt the system to different support roles rather than acquire a separate vehicle design for every task.
Use of funds
Expand the team and scale production of unmanned ground systems