Noyes Technologies got funded by 468 Capital and VSquared Ventures.

Noyes Technologies, a Munich, germany developer of solutions for the urban storage automation, announced raising $3.8 million.

The money was raised from the German investors 468 capital, Vsquared Ventures and Abacon Capital.

Noyes Technologies, founded in 2021 by Aaron Spiegelburg and Marco Prüglmeier (both longtime former employees with Bavaria’s BMW Group), built a flexible robotic warehousing technology that can convert any storefront to a nano-warehouse, compressing 2000 Stock SKUs into a 30sqm space with a ceiling height of approximately 2 metres. Fully automated, there’s no need for aisle space, and the startup reports the entire picking process per item can be completed in five to ten seconds.