Next Generation Robotics Secures €4.5 Million Funding for Rail Robotics Innovation
Deal News | Apr 01, 2025 | Finance Community IT - 3 Private Equity
Next Generation Robotics (NGR), a spin-off from the Scuola Superiore Sant'Anna in Tuscany, has successfully completed a €4.5 million Series A funding round. The fundraising was spearheaded by CDP Venture Capital SGR through the Digital Transition Fund, an initiative under the EU's NextGeneration EU, aimed at digitizing supply chains and SMEs. The Fondo ToscanaNext, managed by CDP and backed by Tuscany’s major banking foundations, was also involved. Other contributors included Cysero EuVeca by AVM SGR, RIF-T, Kilometro Rosso, and SIMEST, all supported by Pariter Robotics and RoboIT. NGR, in collaboration with Trenitalia, developed Argo, a robot equipped with AI capable of autonomously inspecting train undersides, enhancing maintenance efficiency and safety. Giovanna Dossena, from AVM SGR, highlighted the impact of digitized AI solutions on the rail sector’s innovation and Italy's growth.
Sectors
- Robotics and Automation
- Private Equity and Venture Capital
- Railway and Transportation
Geography
- Italy – The company Next Generation Robotics is based in Tuscany, Italy, and the funding round involves Italian venture capital and banking foundations.
Industry
- Robotics and Automation – The article is centered around Next Generation Robotics, a company involved in advancing robotics technology for railway inspection and automation.
- Private Equity and Venture Capital – The funding round for Next Generation Robotics was led by CDP Venture Capital and includes participation from various funds specializing in venture capital investments.
- Railway and Transportation – Next Generation Robotics developed a railway inspection robot named Argo, indicating the importance of technological advancements in the transportation sector.
Financials
- €4.5 million – The total amount raised in the Series A funding round led by CDP Venture Capital for Next Generation Robotics.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Next Generation Robotics | Target Company | Company | A Tuscan startup and spin-off of Scuola Superiore Sant'Anna, specializing in railway robotics. |
| CDP Venture Capital SGR | Lead Investor | Company | A venture capital firm leading the €4.5 million funding round through the Digital Transition Fund under NextGeneration EU. |
| Cysero EuVeca | Co-Investor | Company | A fund managed by AVM SGR that contributed to the investment round for Next Generation Robotics. |
| Trenitalia | Collaborator | Company | Partnered with NGR in developing the Argo robot for train inspection. |
| Giovanna Dossena | Speaker | Person | Founder and principal of AVM SGR, who commented on the significance of digital innovations in the railway sector. |