Circus SE publishes 2024 Annual Report marking the completion of the R&D phase
The year 2024 marked the successful completion of the multi-year research and development phase. Key milestones included the industrialization of the AI-powered robotics system CA-1 and the initiation of a scalable serial production in collaboration with global manufacturing partner Celestica.
The industrialization of the company's core commercial product, CA-1, has been successfully completed. Several units of the patented CA-1 are already in production, with deliveries scheduled to begin as planned in fall 2025. This makes Circus SE the first company worldwide capable of delivering AI-powered robotics for food production at an industrial scale globally.
The transformation from manual manufacturing to industrial-scale serial production forms the foundation for Circus SE's future growth. With Celestica, the company has secured a global manufacturing partner operating over 40 sites in 16 countries. The initial production facility alone is capable of producing up to 6,000 CA-1 units annually. In addition to manufacturing, the partner also manages the global supply chain as well as the service and maintenance of the robotics systems. This industrial infrastructure enables Circus SE to meet the growth demands of its already secured enterprise clients – each with a projected need ranging from several hundred to thousands of units.
In addition, a second product line was developed and successfully introduced during the 2024 R&D phase: the CA-M, the world's first autonomous, robot-assisted provisioning system for military and security-critical applications. Just weeks after its official launch, full accreditation as a supplier for U.S. government agencies and the Department of Defense was obtained in June 2025.
As forecasted, no revenue was generated from the novel technology during the 2024 fiscal year, which was still part of the R&D phase. The EBITDA stands at EUR -11,915 thousand, in line with the previous year's guidance. The majority of funds were allocated to technology development for the CA-1 and the new CA-M for the defense sector, as well as to building out manufacturing capabilities and preparing for production—laying essential foundations for the upcoming commercialization phase.
For the 2025 fiscal year, Circus SE expects initial revenues in at least the single-digit million euro range from renowned clients, including those in the prioritized go-to-market segments of mobility and retail—among them REWE, Tamoil (HEM), and the Mangal Group.
Deliveries of the CA-1 are scheduled to begin in autumn 2025, with recurring software revenues expected from the fourth quarter 2025 onwards. Revenues from the newly established defense division are anticipated earlier than originally planned, already within the current financial year. The company expects to provide a forecast in conjunction with the delivery of the world's first CA-1 AI robotics units from serial production.
About Circus SE
Circus SE (XETRA: CA1) is a global AI and robotics company developing autonomous systems for food supply in both civilian and defense sectors. Its flagship robot, the patented CA-1, is the world's first fully autonomous food production robot, now in serial production. Powered by proprietary embodied AI, Circus delivers industrial-scale, high-reliability meal output with minimal human input. Headquartered in Munich, the company is building the global infrastructure for autonomous food supply — on a mission to fuel humanity.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
12 minutes ago
- Business Wire
Nubank Study: Cash Usage Declines Among 60% of Mexican Customers
MEXICO CITY--(BUSINESS WIRE)--Nu Mexico, a subsidiary of Nubank, one of the largest digital financial services platforms in the world, announced today the milestone of 12 million customers in Mexico, representing 25% of the banked population in the Country. To showcase how its clients' financial lives have evolved and the transformations generated by its products, the company presented the third edition of the study 'Impacto Nu: From Access to Well-being'. A key insight: nearly 60% of customers report using less cash than before and actively saving thanks to the Nu money boxes known as 'Cajitas". Nu Mexico has become an accessible gateway to the formal financial system, especially for women and low-income individuals. Nearly 4 in 10 customers said they had been rejected by other institutions, most commonly when applying for a credit card (89%). 'We are witnessing a genuine evolution: people are moving from using less cash to managing their money entirely from their phones—and in that same digital space, six out of ten already save without touching their daily liquidity, while half add money to their Cajitas each month. This shift from cash to digital saving shows that Nu is accelerating the modernization of money in Mexico and building a more reliable, inclusive, and straightforward financial future for millions,' explained Romina Benvenuti, Director of Public, Regulatory, and Legal Affairs at Nu México. The study, based on a survey conducted in Mexico in January 2025 with over 2,100 users of Nu's Credit Card and/or Debit Account, reveals that Nu's impact goes far beyond daily transactions. A multiplier effect Nu's impact goes beyond finances. 86% of customers rated its overall positive effect as 'high.' While many reported economic improvements, they also noted gains in emotional well-being, family relationships, safety, and overall lifestyle. Greater sense of security: 72% feel more confident managing and safeguarding their money. Well-being: 50% say money has become a source of peace rather than stress. Stronger family and community ties: 67% report being better able to support loved ones, especially among customers over 44. About Nu Nu is one of the largest digital financial services platforms in the world, serving more than 118 million customers across Brazil, Mexico, and Colombia. The company has been leading an industry transformation by leveraging data and proprietary technology to develop innovative products and services. Guided by its mission to fight complexity and empower people, Nu caters to customers' complete financial journey, promoting financial access and advancement with responsible lending and transparency. The company is powered by an efficient and scalable business model that combines low cost to serve with growing returns. Nu's impact has been recognized in multiple awards, including Time 100 Companies, Fast Company's Most Innovative Companies, and Forbes World's Best Banks.
Yahoo
36 minutes ago
- Yahoo
IUX Deepens Commitment to African Market at Finance Magnates Africa Summit 2025
CAPETOWN, South Africa, July 02, 2025--(BUSINESS WIRE)--IUX made a notable impact at the Finance Magnates Africa Summit 2025 (FMAS:25) as a primary sponsor at the summit bar. The company not only stood out as a key participant but also created a dynamic atmosphere through its #DrinksOnIUX campaign. This initiative highlights IUX's commitment to expanding its presence and advancing digital trading solutions across the African region. Alex Delarue, Regional Commercial Director at IUX, shared, "Africa is one of the most dynamic regions for digital trading, and the energy at FMAS:25 reflected that. Our presence at FMAS:25 was about creating connections. We are committed to building long-term partnerships in Africa, and this summit was a powerful step forward in that journey. We were proud to show up boldly, connect authentically, and put IUX at the heart of the conversation." FMAS:25 served as a pivotal regional forum for leaders across the online trading, fintech, and payments industries. The IUX summit bar quickly became a prime gathering spot for attendees to refresh, exchange insights, and network. Through an interactive social media campaign, IUX fostered deeper connections and encouraged attendees to share memorable moments from the summit bar. IUX's involvement at FMAS:25 was a milestone in its continued growth across Africa, reinforcing the company's commitment to delivering secure and innovative digital trading solutions. The event also provided attendees with the opportunity to meet the IUX team and learn more about the company's offerings, while the online summit book further enriched their understanding of IUX's digital trading solutions. As the sponsor of the summit bar, IUX not only enhanced the event's atmosphere but also captured significant attention from attendees interested in learning more about its offerings. The #DrinksOnIUX campaign successfully engaged a wide audience, generating interest from potential clients and partners eager to stay updated on IUX's future developments. This engagement solidified IUX's position as a leading player in the African market, facilitating valuable connections for long-term growth. For more information on IUX, please visit View source version on Contacts Julia Kimjulia@ Sign in to access your portfolio
TechCrunch
38 minutes ago
- TechCrunch
Could Google's Veo 3 be the start of playable world models?
Demis Hassabis, CEO of Google's AI research organization DeepMind, appeared to suggest Tuesday evening that Veo 3, Google's latest video-generating model, could potentially be used for video games. In response to a post on X beseeching Google to 'let me play a video game of my veo 3 videos already,' and asking, 'playable world models wen?' Hassabis responded, 'now wouldn't that be something.' On Wednesday morning, Logan Kilpatrick, lead product for Google's AI Studio and Gemini API, chimed in with a reply: '🤐🤐🤐🤐' Both posts from the Google executives are little more than playful suggestions, and a Google spokesperson told TechCrunch the company had nothing to share at the moment. But building playable world models isn't outside the realm of possibilities for the tech giant. now wouldn't that be something… — Demis Hassabis (@demishassabis) July 2, 2025 World models are different from video generation models. The former simulates the dynamics of a real-world environment, which lets agents predict how the world will evolve in response to their actions. Video gen models synthesize realistic video sequences. Google has plans to turn its multimodal foundation model, Gemini 2.5 Pro, into a world model that simulates aspects of the human brain. In December, DeepMind unveiled Genie 2, a model that can generate an 'endless' variety of playable worlds. The following month, we reported that Google was forming a new team to work on AI models that can simulate the real world. Others are working on building world models — most notably, AI pioneer Fei-Fei Li. Li came out of stealth last year with World Labs, a startup that has built its own AI system that generates video game-like, 3D scenes from a single image. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Veo 3, which is still in public preview, can create video as well as audio to go along with clips — anything from speech to soundtracks. While Veo 3 creates realistic movements by simulating real-world physics, it isn't quite a world model yet. Instead, it could be used for cinematic storytelling in games, like cutscenes, trailers, and narrative prototyping The model is also still a 'passive output' generative model, and it (or a future Veo generation) would need to shift to a simulator that's more active, interactive, and predictive. But the real challenge with video game production isn't just impressive visuals; it's real-time, consistent, and controllable simulation. That's why it might make sense to see Google take a hybrid approach that leverages Veo and Genie in the future, should it pursue video game or playable world development. Google could find itself competing with Microsoft, Scenario, Runway, Pika and, eventually, OpenAI's video-generating model Sora. Given Google's planned moves in the world models space and its reputation for using its deep pockets and distribution muscle to steamroll rivals, competitors in this space would be wise to keep a close watch.
