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Chef Robotics raises $43.1 Mn led by Avataar Ventures
Entrackr
ยท
4m ago
Medial
Chef Robotics, creators of AI-enabled robotic systems for meal assembly, has raised $43.1 million in new Series A funding, including $20.6 million in equity and $22.5 million in equipment financing debt. The equity round was led by Avataar Ventures and included investments from Construct Capital, Bloomberg Beta, Promus Ventures, MFV Partners, Interwoven Ventures, HCVC, MaC Venture Capital, Red and Blue Ventures, Tau Partners, Alumni Ventures, Siddhi Capital, and BOLD Capital Partners. The funding round will allow Chef to accelerate production deployments of its robotic systems, providing momentum for the real-world AI data engine flywheel that the company credits for its rapid growth rate of meals produced. The debt will be used to finance Chef's robotic systems for Robotics-as-a-Service (RaaS), ensuring that Chef's customers do not have to front CapEx for their robots. The new funding brings Chef's total capital raised to $65.6 million, which includes $26.75 million in equipment financing, all with Silicon Valley Bank, a division of First Citizens Bank. Chef claims to have produced over 44 million servings through robot deployments at brands such as Amy's Kitchen, Sunbasket, Chef Bombay, and Cafe Spice. The data collected from each meal assembled is used to train its AI models. "Robotics is really having a moment right now. The innovations in AI have unlocked the potential of Embodied AI for robotics. We believe we're in the pole position to scale, given all the real-world production training data we already have," says Rajat Bhageria, Founder and CEO of Chef Robotics.
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Avataar leads Chef Robotics' Series A round; Stance Health, Better Nutrition, others snag funding
VCCircle
ยท
4m ago
Medial
Chef Robotics, a US-based robotics startup, raised $43 million in a Series A funding round led by Avataar Ventures. The funding included both equity and equipment financing through debt. The company, specializing in robotic systems for meal assembly, plans to expand its operations. Additionally, startups like Stance Health, Better Nutrition, and Argos Watches secured early-stage funding. These funds will help them develop technologies, enhance products, and expand market reach in their respective fields.
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Lo! Foods raises $3.5 Mn in Series B round
Entrackr
ยท
22d ago
Medial
Lo! Foods, a Bengaluru-based functional food startup, has raised $3.5 million in Series B funding led by Rainmatter Health (Zerodha's health initiative) and Singapore-based Capital Code, with participation from Mount Judy Ventures, Ice.VC, KPB Ventures, and other existing investors. The proceeds will be used to expand warehousing, enhance backend technology, launch offline pilots in Bengaluru, and invest in brand-building for Protein Chef. According to the company, the brand has rapidly emerged as Lo! Foodsโ biggest growth engine, contributing significantly to the startup's near-Rs 100 crore annual recurring revenue milestone. Lo! Foods operates across four verticals, Protein Chef (protein enrichment), Keto Smart (weight loss), DiabeSmart (diabetes management), and GlutenSmart (gluten intolerance). The brand's scale has been accelerated by strong adoption on quick commerce platforms such as Blinkit, Zepto, and Swiggy Instamart, which now account for nearly 65% of its total sales. The firm is also preparing to launch new product lines and rebrand DiabeSmart to Sugar Smart for better market positioning.
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Infinite Uptime secures $35 mn to expand presence in the US
Inshorts
ยท
4m ago
Medial
Deeptech startup Infinite Uptime has raised $35 million in its Series C funding round led by Avataar Ventures. The round also saw participation from investors such as StepStone Group and LGVP, along with existing investors, including Tiger Global and GSR Ventures. The startup will use the capital to expand its footprint in the US and other markets.
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Anscer Robotics raises $2 Mn in seed round
Entrackr
ยท
5m ago
Medial
Anscer Robotics raises $2 Mn in seed round Deeptech startup Anscer Robotics has raised $2 million in its seed round led by Info Edge Ventures. The proceeds will be used to expand into new geographies and develop new product lines. Founded by Ribin Mathew, Ebin Sunny, Raghu Venkatesh, and Brijesh CA, Anscer Robotics makes smart robots that help move things in warehouses, factories, and logistics centers. The companyโs flagship robots can carry up to two tonnes, including pallet movers, tuggers, conveyors, and lifters. The startup claims to have already deployed autonomous mobile robots (AMRs) at the units of its 15 enterprise customers across the US, India, Singapore, and Japan.
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Anscer Robotics raises $2 mn in funding to drive global expansion
Inshorts
ยท
5m ago
Medial
Anscer Robotics, a Bengaluru-based developer of intelligent autonomous mobile robots (AMRs), has raised $2 million in a seed funding round led by Info Edge Ventures. The startup designs advanced robotic solutions for manufacturing and supply chains, helping enterprises streamline their operations with automation.
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Exclusive: Niqo Robotics raises $9 Mn in a new round
Entrackr
ยท
1y ago
Medial
Agritech robotics firm Niqo Robotics (formerly TartanSense) has raised Rs 74.7 crore or $9 million in a new round led by Brida Innovation Ventures. The fresh funding comes after a hiatus of three years for the Bengaluru-based company. The board of Niqo Robotics has passed a special resolution to issue 8,577 preference shares at a price of Rs 87,090 each to raise Rs 74.7 crore, its regulatory filing accessed from the Registrar of Companies shows. Bidra Innovation Ventures pumped in Rs 41.5 crore while exiting investor Omnivore Partners also subscribed to the round with Rs 33.2 crore. As per startup data intelligence platform TheKredible, the company has been valued at around Rs 290 crore or $35 million (post-money) Following the fresh proceeds, Omnivore Partners emerged as the largest external stakeholder with 25.7% followed by Brida Innovation and Blume Ventures which commanded 18% and 10.7%, respectively. Its sole founder Jaisimha Rao holds more than a quarter of the company. See TheKredible for the complete shareholding pattern. Founded in 2015 by Jaisimha Rao, Niqo Robotics specializes in crafting compact agricultural robots empowered with AI-driven computer vision technology which claims to reduce costs and increase profitability. The company announced its rebranding to Niqo Robotics in March last year. Niqo Robotics has raised $16 million to date including its $5 million in Series A round from FMC, Omnivore, and Blume Ventures in August 2021. The firm also scored a $2 million Seed round in 2019. While the company would disclose its FY24 numbers later this year, the nine-year-old firmโs Indian entity largely remained in pre-revenue stage with a revenue of only Rs 1.3 crore during FY23. At the same time, its losses spiked twofolds to Rs 9.8 crore in the fiscal year ending March 2023.
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Avataar Venture Partners leads Infinite Uptimeโs $35-mn Series C round
VCCircle
ยท
5m ago
Medial
Infinite Uptime, an IoT startup, has raised $35 million in a Series C funding round led by Avataar Venture Partners, with participation from StepStone Group, LGVP Fund, and existing investors Tiger Global and GSR Ventures. The funds will enhance its IoT platform, expand manufacturing presence, and grow in the US and globally. Known for its Industrial Data Enabler (IDE), the company operates in 26 countries, managing 801 production sites, and serves various manufacturing industries.
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Capillary buys back ESOPs worth $20 mn from 200 employees
The Arc Web
ยท
1y ago
Medial
Capillary Technologies has raised an additional $95 million in an ongoing funding round, bringing the total raised to $140 million. The funding round was led by Avataar Ventures' limited partners, including 57Stars, Pantheon, Unigestion, and The Evolvence Group. Other existing investors, such as Filter Capital, also participated. The funds will be used for share buyback, with approximately $20 million allocated for former and current employees. This is the company's fourth ESOP buyout since its inception in 2008.
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Cyber risk management firm SAFE raises $70M in Series C round
YourStory
ยท
8d ago
Medial
SAFE, a cyber risk management company, raised $70 million in a Series C funding round led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, and others. The funds will enhance SAFE's cyber risk management market position and develop AI-native reasoning models for achieving CyberAGI, focusing on cybersecurity. SAFE plans to upgrade its platform with a continuous threat exposure management solution, leveraging agentic AI to preemptively identify and mitigate cyber threats.
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Industrial analytics startup Infinite Uptime raises $35 million from Avataar Ventures, others
Economic Times
ยท
5m ago
Medial
Infinite Uptime, an industrial analytics startup, raised $35 million in funding led by Avataar Ventures, with participation from StepStone Group and others. The funds will support its US market expansion. Infinite Uptime provides predictive maintenance solutions for heavy industries, aiming to enhance plant efficiency and reduce downtime. Operating on a subscription basis, it offers AI-driven maintenance recommendations. The company plans to maintain its strong revenue growth, doubling annually since 2021, as it expands globally.
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