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Deeptech robotics startup Armatrix raises $2.1 million in round led by pi Ventures - The Economic Times

Economic Times

Economic Times · 3h ago

Deeptech robotics startup Armatrix raises $2.1 million in round led by pi Ventures - The Economic Times

Bengaluru-based startup Armatrix raised $2.1 million, led by pi Ventures, alongside Inuka Capital, Boundless Ventures, Boost VC, Turbostart, and gradCapital. Specializing in innovative technology, the company develops hyper-redundant, snake-like robotic arms for industrial inspection and maintenance in hazardous spaces, aiming to reduce downtime and safety risks. The funds will enhance product development, expand engineering teams, and deploy pilot systems. Armatrix focuses on industries like shipbuilding, oil and gas, nuclear energy, and aviation.

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Deep-tech robotics startup Armatrix raises $2.1 Mn led by pi Ventures

Entrackr

Entrackr · 3h ago

Deep-tech robotics startup Armatrix raises $2.1 Mn led by pi Ventures

https://entrackr.com/snippets/deep-tech-robotics-startup-armatrix-raises-21-mn-led-by-pi-ventures-11152392 Deep-tech robotics startup Armatrix raises $2.1 Mn led by pi Ventures The proceeds will be used to complete the development of its proprietary snake-like flexible robotic arm technology, expand the engineering and R&D team, and accelerate pilot deployments. Deep tech robotics startup Armatrix has raised $2.1 million in a pre-seed funding round led by pi Ventures, with participation from Inuka Capital, Boundless Ventures, Boost VC, Turbostart, and returning investor gradCapital. The proceeds will be used to complete the development of its proprietary snake-like flexible robotic arm technology, expand the engineering and R&D team, and accelerate pilot deployments with industrial customers, the company said in a press release. Co-founded in 2024 by Vishrant Dave, Prateesh Awasthi, and Ayush Ranjan, Armatrix develops snake-like, hyper-redundant robotic manipulators designed to operate in hazardous and confined industrial environments. The Bengaluru-based company aims to automate operations in hazardous and confined environments across sectors such as shipbuilding, nuclear, oil and gas, and aviation, where fatal injuries related to confined space work have been reported. Inspection and maintenance of critical infrastructure such as storage and fuel tanks, hulls, and reactors often require human entry into dangerous spaces. According to market research, the global robotics maintenance market was valued at $41.66 billion in 2023 and is projected to reach $150 billion by 2032. Armatrix's core technology focuses on reachability and actuation systems. Its robotic arm features high flexibility for seamless navigation, modular end effectors, and an AI-based navigation system that enables real-time adaptability. "Our mission is to move from a reactive, high-cost maintenance model to a proactive, zero-downtime standard, creating a paradigm shift in industrial inspection and maintenance. This funding enables us to scale from proof of concept to early adopters and validate the platform across real-world inspection and operational use cases," said Vishrant Dave, co-founder and CEO of Armatrix Automations. Looking ahead, Armatrix aims to emerge as a globally competitive deep tech robotics company, building AI-native, high-performance robotic systems that set new benchmarks in safety, precision, and efficiency for mission-critical industrial operations.

Anscer Robotics raises $2 Mn in seed round

Entrackr

Entrackr · 1y ago

Anscer Robotics raises $2 Mn in seed round

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 company’s 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.

How Pi Ventures’ Funding Focus Shifted To Bolster ‘Disruption’

Inc42 · 1y ago

How Pi Ventures’ Funding Focus Shifted To Bolster ‘Disruption’

Pi Ventures, an Indian venture capital firm, has shifted its investment focus to deeptech ventures. The firm, which launched in 2016 with a focus on AI, now targets disruptive deeptech startups, such as Agnikul Cosmos and Niramai. Pi Ventures operates with a $115 million corpus across two funds and aims to solve hard, disruptive problems through innovative technologies. The firm differentiates itself by being an operator-led fund, with team members who have experience leading product and tech development. Pi Ventures expects deeptech startups to face challenges in converting technologies into scalable products.

IIT Delhi-incubated deeptech startup Green Aero secures 1.6 million from pi Ventures - The Economic Times

Economic Times

Economic Times · 7m ago

IIT Delhi-incubated deeptech startup Green Aero secures 1.6 million from pi Ventures - The Economic Times

Green Aero, a deeptech startup incubated at IIT Delhi, raised $1.6 million in seed funding led by pi Ventures, with Antler participating, to develop next-generation propulsion systems for defense and hydrogen-powered aviation. The funds will support R&D, in-house testing, and team expansion. The startup plans to commercialize its first small-category engine within 12 months and aims to advance indigenous propulsion technologies for aerospace, naval, and civil aircraft, marking a significant step in India’s aerospace innovation.

Energy startup Enerzolve raises $5.1 million led by Jungle Ventures, Kae Capital - The Economic Times

Economic Times

Economic Times · 1m ago

Energy startup Enerzolve raises $5.1 million led by Jungle Ventures, Kae Capital - The Economic Times

Enerzolve Smart Technologies, a deeptech energy startup, raised $5.1 million in a funding round led by Jungle Ventures and Kae Capital, with angel investors also participating. The funds will support the expansion of engineering and product teams and the establishment of pilot manufacturing for key product lines. Enerzolve specializes in smart meters and grid management systems tailored for Indian conditions. The company aims to innovate and support India's energy transition through this capital infusion.

Chennai-based deeptech startup Torus Robotics raises $470K led by TNIFMC

IndianStartupNews

IndianStartupNews · 2y ago

Chennai-based deeptech startup Torus Robotics raises $470K led by TNIFMC

Chennai-based deeptech startup Torus Robotics has successfully raised $470,000 in a seed funding round led by TNIFMC through TNESSF. The company aims to address the electric vehicle industry's reliance on imported powertrain components by offering lighter, more compact, and more efficient alternatives. The funding will support research and development efforts, manufacturing scale-up, market expansion, and talent attraction. Torus Robotics has also been recognized and supported by the United Nations Industrial Development Organization (UNIDO) under the FLCTD program.

Biotech startup Helex raises $3.5 million in round led by pi Ventures - The Economic Times

Economic Times

Economic Times · 3m ago

Biotech startup Helex raises $3.5 million in round led by pi Ventures - The Economic Times

Helex, a biotech startup based in Hyderabad and the US, has secured $3.5 million in funding led by pi Ventures, with participation from Bluehill Capital and SOSV. The funds will expedite the preclinical development of Helex’s gene therapies for Autosomal Dominant Polycystic Kidney Disease (ADPKD). Using proprietary AI-driven platforms and lipid nanoparticle delivery, Helex aims to offer targeted genomic medicine for kidney diseases, improving accessibility and affordability of treatments for patients globally.

Ahammune Biosciences Raises $5 Mn To Develop Drug For Vitiligo

Inc42 · 1y ago

Ahammune Biosciences Raises $5 Mn To Develop Drug For Vitiligo

Ahammune Biosciences, a clinical-stage therapeutics startup focused on chronic skin diseases, has raised funding in a round led by pi Ventures. Other participants included Capital2B, Colossa Ventures, Bipin Agarwal, Unicornus Maximus, and Ideaspring Capital. The Pune-based company intends to use the funds to conduct the second phase of human clinical trials for its vitiligo drug candidate, expand its patent portfolio, and advance research and development efforts.

Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding

VCCircle

VCCircle · 1y ago

Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding

Photonic quantum technology startup Quanfluence has raised $2 million in seed funding led by pi Ventures, while quick commerce startup KiranaPro has raised an undisclosed amount in a pre-seed funding round. Quanfluence plans to scale its upcoming products and support research for its flagship quantum computer. KiranaPro will use the funds to expand its teams, enhance its technology infrastructure, and drive geographical expansion.

Spacetech startup Aule Space raises $2 million in round led by pi Ventures - The Economic Times

Economic Times

Economic Times · 1m ago

Spacetech startup Aule Space raises $2 million in round led by pi Ventures - The Economic Times

Aule Space, a spacetech startup developing in-orbit "jetpacks" for satellite fuel extension, raised $2 million led by pi Ventures. Angel investors, including Eash Sundaram and Arvind Lakshmikumar, participated. Funds will expand the engineering team, establish ground infrastructure for docking tests, and advance Aule’s first demonstration satellites, set for next year. Aule’s technology addresses satellite fuel depletion by attaching autonomous jetpacks for orbit adjustments, extending geostationary satellite life without refueling, crucial for satellite servicing and space security.

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