In an exciting development for the world of robotics, Perceptyne, an innovative deep-tech startup focused on AI-driven automation, has successfully secured $3 million in seed funding. The round was co-led by Endiya Partners and Yali Capital, with additional support from Whiteboard Capital and several angel investors.
This funding will accelerate Perceptyne’s mission to create semi-humanoid robots designed specifically for industrial automation, primarily in the automotive and electronics sectors. The company’s CEO and co-founder, Raviteja Chivukula, emphasized the need for a new class of robots that can better understand their environment and execute complex tasks with precision. “With advancements in AI and increased computing power, we can leverage these technologies to transform manufacturing. Our robots are built to sense the real world and perform intricate actions,” he stated.
A Growing Need for Smart Automation
Raghav Gupta, Vice President at Endiya Partners, echoed Chivukula’s sentiments, noting, “The time has come for an AI-first robotics company that addresses the pressing need for versatile automation solutions. Perceptyne is poised to revolutionize the industry with its AI-led tele-operation capabilities. Given the momentum behind the Make in India initiative, we believe the future is bright for this talented team.”
Karthik Madathil, a partner at Yali Capital, added, “We are thrilled about Perceptyne’s unique technology that is finely tuned to meet the demands of emerging sectors in India’s economy, particularly in electronics manufacturing. Partnering with such an innovative team aligns perfectly with our vision for the future.”
Innovative Products to Meet Industry Demands
Perceptyne is developing cutting-edge robots, including its flagship models, the PR-34D and PR-9D. These robots feature integrated computer vision, multi-modal sensing, and highly articulate end-effectors, allowing them to tackle tasks that require human-like dexterity, such as product assembly and packaging.
The global market for industrial robotics is booming, projected to reach an impressive $41 billion annually by 2030, with a compound annual growth rate (CAGR) of 12.3%. This growth is largely driven by a global labor shortage and the trend of reshoring manufacturing. As a result, the demand for AI-powered robotics solutions has never been more crucial.
Founded by a talented team of IIT Madras and BITS alumni—Raviteja Chivukula, Jagga Raju Nadimpalli, and Mrutyunjaya Nadiminti—Perceptyne is well-positioned to take advantage of this burgeoning market. With their innovative approach and commitment to harnessing AI, the future looks bright for Perceptyne and the industry at large.
Stay tuned as this exciting journey unfolds—Perceptyne is set to make waves in the world of robotics!
