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Robotics startup DiFACTO raises $4.8 Mn

EntrackrEntrackr · 1y ago
Robotics startup DiFACTO raises $4.8 Mn
Medial

Robot automation solutions provider DiFACTO has raised Rs 40 crore (about $4.8 million) from private equity firm Stakeboat Capital in its first funding round. The proceeds will be used to expand across sectors such as cars, home appliances and electronics, the company said in a release. Founded in 2007 by Ajay Gopalswamy, Difacto operates across four key segments–welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems. The company claims to have delivered more than 1,000 projects to 300 customers across 15 countries. It has three factories in Bengaluru and branches in Pune and Gurugram while it also operates globally with a wholly-owned subsidiary in Troy, Michigan, USA. Its client base includes the likes of Mahindra Group, Tata Group, Maruti Suzuki and Toyota India . In FY24, the company’s revenue touched Rs 175 crore and it is expected to grow to Rs 225 crore in FY25. India’s automotive industry is expected to experience a CAGR of 12.7%, reaching $512 billion by 2026.

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Unbox Robotics raises $28 Mn led by ICICI Venture

EntrackrEntrackr · 18d ago
Unbox Robotics raises $28 Mn led by ICICI Venture
Medial

Unbox Robotics raises $28 Mn led by ICICI Venture Unbox Robotics, a supply chain robotics technology company, has raised $28 million in a funding round led by ICICI Venture. The round included participation from RedStart Labs, a subsidiary of Info Edge, F Prime, 3one4 Capital, Navam Capital, Force Ventures, and other existing investors. The funds will be used to expand its engineering team, accelerate product development, and enhance its market presence across India and international markets. A portion of the capital will also provide liquidity to employees through the company’s ESOP programme. Founded in 2019 by Pramod Ghadge and Shahid Memon, Unbox Robotics specializes in AI-powered, software-defined vertical robotic parcel sortation systems for ecommerce and logistics sectors. Their solutions employ proprietary Swarm Intelligence, offering space-efficient automation that requires 50 to 80 percent less area and enhances productivity threefold, ensuring cost-effective warehouse operations. Unbox Robotics serves clients in the ecommerce, retail, and logistics industries across India, Europe, and the US. The company has active deployments in countries including Spain, Italy, the Netherlands, and Belgium, and is finalizing a deal in Poland. In the US, it is preparing for its first large-scale deployment with a third-party logistics player. Nearly 96 percent of Unbox Robotics' revenue over the past year has been generated from Western markets, with India accounting for about 4 percent. The company offers both an upfront sales model and a Robot as a Service model, allowing clients to choose between purchasing robots outright or opting for a subscription-based service. In addition to its current focus, the startup is exploring the pharmaceutical manufacturing sector as a new growth avenue. Other notable players in the industry include CynLr, General Autonomy, Manav, and Ati Motors.

Deeptech robotics startup Perceptyne raises $3 Mn in seed round

EntrackrEntrackr · 1y ago
Deeptech robotics startup Perceptyne raises $3 Mn in seed round
Medial

Perceptyne, a deep tech AI-first robotics startup, has raised $3 million in its seed round co-led by Endiya Partners and Yali Capital with participation from Whiteboard Capital and notable angels. The proceeds will be used to ramp up product development, customer acquisition, and growth. The firm is working closely with manufacturing giants in automotive and electronics. Founded by Raviteja Chivukula, Jagga Raju Nadimpalli, and Mrutyunjaya Nadiminti, Perceptyne’s products are designed to perform tasks demanding human-like dexterity, such as product assembly & packaging. To accomplish this, the startup is building a vertically integrated full-stack robotics platform centered around AI. Its flagship products, PR-34D and PR-9D, are dual-arm and single-arm robots with integrated computer vision & AI, multi-modal sensing, and highly articulate end-effectors suited for manufacturing/assembly line applications. According to the startup, its integrated approach will help manufacturing companies accelerate robotic automation efforts by dramatically reducing integration time (quarters to weeks) and implementing automation without changes to their assembly lines.

Exclusive: Niqo Robotics raises $9 Mn in a new round

EntrackrEntrackr · 1y ago
Exclusive: Niqo Robotics raises $9 Mn in a new round
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 firm’s 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.

AuraML raises $1 Mn in pre-seed round led by Turbostart

EntrackrEntrackr · 7m ago
AuraML raises $1 Mn in pre-seed round led by Turbostart
Medial

Snippets AuraML raises $1 Mn in pre-seed round led by Turbostart Deeptech startup AuraML has raised $1 million in a pre-seed funding round led by Turbostart, with participation from DeVC, GSF Accelerator, Indian Angel Network (IAN), and other investors. The funds will be used to accelerate product development, expand its presence in the US, and scale enterprise pilots across warehouse automation, industrial robotics, and next-generation autonomous systems. Founded by Ayush Sharma, AuraML is building a generative simulation platform that allows robotics companies to model, test, and deploy systems faster, more safely, and at lower cost. Its technology helps bridge the “sim-to-real” gap faced by traditional simulation tools, offering realistic testing environments for autonomous mobile robots (AMRs) and forklifts. AuraML’s simulation capabilities include text-to-world generation, advanced sensor noise modeling for LiDAR and camera data, and scalable cloud-based multi-robot deployment testing. By shifting from physical to virtual testing, AuraML claims to cut timelines from six months and $500,000 to just one week at a fraction of the cost. Its platform, AuraSIM, combines physically accurate 3D environments and synthetic data engines to support scalable, real-world-ready robotics development.

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