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ARTPAR: From legged robots to advanced cargo drones, a look at India's first robotics park

Economic TimesEconomic Times · 1y ago
ARTPAR: From legged robots to advanced cargo drones, a look at India's first robotics park
Medial

ARTPARK, India's first AI and robotics technology hub, is a non-profit organization that aims to foster inclusivity and equitable access to AI and robotics solutions. With a focus on innovation, startups, and skilling, ARTPARK provides platforms for the development of autonomous intelligent systems and initiatives in industrial automation, mobility, agriculture, and healthcare. Additionally, ARTPARK is working on language data and AI initiatives to break language barriers and make digital India more inclusive. Through its startup programs, ARTPARK supports the transition of lab ideas to market solutions, offering funding and support to startups in AI, robotics, and autonomous systems.

Deeptech robotics startup Perceptyne raises $3 Mn in seed round

EntrackrEntrackr · 9m 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.

iHub Robotics raises Rs 4.3 Cr in pre-Seed round

EntrackrEntrackr · 4m ago
iHub Robotics raises Rs 4.3 Cr in pre-Seed round
Medial

iHub Robotics raises Rs 4.3 Cr in pre-Seed round Humanoid robotics startup iHub Robotics has raised Rs 4.3 crore (about $520K) in a pre-seed funding round from U.S. investors. The company had previously raised $20 million in the same round in Oct. 2023. The fresh capital will be utilized to establish humanoid robotics manufacturing facilities in Kerala, reinforcing its vision to make India a global leader in robotics and AI-driven automation, iHub Robotics said in a press release. Co-founded in 2021 by Athil Krishna, Akhil K Haridasan, and Sarath S, iHub Robotics provides intelligent robotics solutions that are revolutionizing the way businesses operate. It aims to transform industries with cutting-edge technology, enabling them to enhance productivity, reduce costs, and improve efficiency. iHub Robotics states that it has already made a significant international impact, exporting its semi-humanoid robot, Tara Gen-1, to the UAE and Saudi Arabia. Tara Gen-1 is the most advanced semi-humanoid robot in India, built with cutting-edge AI and robotics technology. It is designed to operate in hospitality, healthcare, airports, railway stations, and various customer service roles, enhancing efficiency and automation in these industries. Tara Gen-1 leverages advanced human behavior intelligence, allowing it to recognize and respond to human emotions, engage in natural conversations using AI-powered speech recognition, and adapt to different environments with real-time decision-making. It assists customers with navigation, inquiries, and personalized service, functioning seamlessly in multi-language settings. According to the Kerala-based company, it is also committed to empowering the next generation of AI and robotics innovators. The company has launched the iHub School of Learning, a platform dedicated to educating and training students in AI and robotics, with a mission to empower 100,000 students with future-ready skills in deep-tech. iHub Robotics also expects to create over 150 jobs in the next two years, contributing to India’s deep-tech ecosystem.

Driver assistance startup Sapience Automata raises Seed round

EntrackrEntrackr · 1y ago
Driver assistance startup Sapience Automata raises Seed round
Medial

Driver assistance startup Sapience Automata has raised Rs 1.75 crore in a Seed round led by Inflection Point Ventures. The funds will be utilised for growing sales for driver camera, building key partnerships in the automotive domain, developing advanced driver-assistance systems (ADAS) technology, and filing international patents, the company said in a press release. Founded by Satyajit Neogi in 2021, Sapience Automata focuses on revolutionising road safety in India through plug-and-play driver assistance technology. The firm aims to eliminate accidents by leveraging advanced AI and autonomous driving tech. By offering custom-made products and applications, it provides solutions that are tailored to the specific needs and conditions of Indian drivers. Operating primarily from Bengaluru, Sapience currently focuses on commercial fleets, laying the foundation for future expansion and scalability in the B2C market. FlowPilot and Swaayatt Robots also operate in advanced driver assistance system (ADAS). According to startup data intelligence platform TheKredible, Inflection Point Ventures emerged as the most active investors in Q1 2024 with 11 investments. Blume Ventures, Venture Catalysts and Fireside Ventures were next on the list.

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