Next Generation Robotics secured €4.5 million in Series A funding, led by CDP Venture Capital SGR, to enhance its innovative railway inspection technologies and expand internationally.

Information on the Target

Next Generation Robotics is a Tuscany-based startup specializing in railway robotics. The company is a spin-off of the Scuola Superiore Sant’Anna and has recently announced the closing of a €4.5 million Series A funding round. This funding was led by CDP Venture Capital SGR through the Digital Transition fund, which utilizes resources allocated by the European Union under the NextGeneration EU initiative. The goal of this initiative is to support the digital transition of supply chains and small to medium enterprises. The funding round also involved the Fondo ToscanaNext, established and managed by CDP Venture Capital, with contributions from key banking foundations in Tuscany.

Founded in 2020, Next Generation Robotics employs a team of 12, consisting mostly of engineers. CEO and co-founder Massimiliano Gabardi leads the company with the ambition to be a leader in railway robotics. The funds raised will specifically be used to accelerate the company's growth, solidify its presence in the European market, and expand internationally. This growth strategy includes the advancement of AI and digitalization technologies within the railway sector, particularly through the development of innovative systems for automatic inspection and predictive maintenance of trains.

Industry Overview in The Target's Specific Country

Italy's railway industry is making significant strides toward modernization, propelled by technological advancements in automation and artificial intelligence. The necessity for efficient maintenance and inspection methods