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Ati Motors, maker of autonomous cellular robots, introduced the shut of its Sequence A funding spherical of $10.85M. The funding, occurring alongside the corporate’s product launch occasion, will additional speed up the event and deployment of Ati Motors’ robotics expertise for automating work in industrial environments and warehouses.
The Sequence A spherical is led by True Ventures, a Silicon Valley enterprise capital agency centered on early-stage expertise firms. Athera Ventures Companions, additionally joined as a brand new investor, bringing its in depth expertise in deep tech investments. The spherical noticed important participation from earlier buyers: Blume Ventures, Exfinity Ventures, and MFV Companions. The most recent funding will empower Ati Motors to broaden into US, South East Asia, Japan, and Europe markets whereas exploring untapped alternatives throughout prescription drugs, chemical substances, maritime, and injection molding sectors. Ati Motors will proceed to spend money on analysis and growth to launch new merchandise and capabilities available in the market.
“The autonomous robots house is brimming with immense alternatives, and we’re on the forefront of this revolution as we remodel industrial operations,” mentioned Saurabh Chandra, CEO of Ati Motors. “This funding will gasoline our enlargement into new markets and industries. With the assist of our buyers who share our imaginative and prescient, we’re well-positioned to proceed pushing the boundaries of robotics expertise and meet the evolving wants of our clients.”
On the product launch occasion, the Ati Motors workforce showcased new fashions of its superior autonomous cellular robots designed to boost productiveness and effectivity throughout numerous sectors. The corporate’s robots are impressed by self-driving vehicles in how they mix synthetic intelligence, laptop imaginative and prescient, and {hardware} to carry out complicated duties in dynamic environments. Key use circumstances have spanned warehousing, logistics manufacturing, and extra industries. The corporate has achieved sturdy product market match inside automotive, tire, and electrical factories.
“Ati Motors has developed a outstanding platform that has the potential to revolutionize a number of sectors,” mentioned Rohit Sharma, accomplice at True Ventures. “We’re excited to guide this funding spherical and assist the Ati Motors workforce of their mission to deploy clever robots to unravel complicated challenges in Industrial functions as we speak. This workforce, mixed with a relentless concentrate on innovation, positions them as a key participant within the autonomous robotics house.”
Ati Motors counts Bosch, TVS Motors, CEAT and Hyundai as a few of its key clients throughout India and the US. The demand for autonomous cellular robots is quickly rising, pushed by the necessity for environment friendly and versatile options in a altering world. Ati Motors’ robots have demonstrated their skill to scale back prices, optimize workflows, and enhance security in numerous industries; essential steps for companies striving to remain forward in a aggressive panorama.