Robotics Startup Perceptyne Bags $3 Mn From Endiya Partners, Yali Capital & Others
by Bhupendra Paintola · Inc42SUMMARY
- The round also saw partication from Whiteboard Capital and a clutch of angel investors
- The company plans to use the fresh capital to boost product development, customer acquisition and drive growth.
- Founded by Raviteja Chivukula, Jagga Raju N and Mrutyunjaya Sastry, Perceptyne is a deeptech robotics platform developing dexterous, affordable and contextually aware robots
- Added to Saved Stories in Login
Robotics startup Perceptyne has secured $3 Mn (around INR 25 Cr) in a seed funding round co-led by Endiya Partners and Yali Capital, along with participation from Whiteboard Capital and a clutch of angel investors.
The company plans to use the fresh capital to boost product development, customer acquisition and drive growth.
Founded by Raviteja Chivukula, Jagga Raju N and Mrutyunjaya Sastry, Perceptyne is a deeptech robotics platform developing dexterous, affordable and contextually aware robots. Its flagship products include dual-arm and single-arm robots named PR-34D and PR-9D.
It claims to enable manufacturing companies to accelerate robotic automation by dramatically reducing integration time (quarters to weeks) and implementing automation without changes to their assembly lines.
“AI has been making huge strides in the digital world with more compute being available, complex models being built and large amounts of data being collected. Perceptyne is building automation systems at this intersection – those that combine AI models with dexterity, multi-modal sensing and articulate actuators. We believe that this will revolutionize manufacturing by making many more applications automatable, ” Chivukula said.
RECOMMENDED FOR yOU
Nykaa Allots 3.08 Lakh Equity Shares Under ESOP Plans
Akshit P.
14th October, 2024
Digital & New Commerce Biz Comprised 17% Of Reliance Retail’...
Lokesh C.
14th October, 2024
Navi Surpasses Axis Bank In UPI Transactions In September
Lokesh C.
14th October, 2024
Prior to this, the startup claims to have raised $724K in total funding over two rounds. It also counts Venture Catalysts, T-Hub and Z21 Ventures among other backers.
This comes at a time when a number of startups operating in healthcare, logistics, warehousing and retail chain management are scrambling to integrate AI-based automation systems into their business operations as demand booms for quick delivery of products and services.
As a result, most of the companies in the segment are securing funds to capitalise on the automation operations.
For instance, in August, AI-based robotics startup Haber and marine robotics deeptech startup EyeROV raised INR 317.2 Cr (about $38 Mn) and INR 10 Cr (around $1.2 Mn) in funding rounds respectively.
As per Inc42 data, India was home to more than 400 deeptech startups in 2023, a jump of 4X from 100 in 2014. Between 2014 and 2023, homegrown deeptech startups raised over $1.5 Bn in funding across 343+ deals.