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Economic Times
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Robotics startup Perceptyne raises $3 million from Endiya Partners, Yali Capital, others
- Hyderabad-based robotics startup Perceptyne has raised $3m in a seed funding round co-led by Endiya Partners and Yali Capital, with participation from Whiteboard Capital and other angel investors.
- Perceptyne is developing an AI-powered, full-stack robotics platform designed for tasks requiring human-like dexterity, such as product assembly and packaging.
- The company operates on a B2B model, offering both a capex option for customers to purchase robots, and an opex model where Perceptyne installs the robots, generating revenue through usage.
- Perceptyne’s flagship products, PR-34D and PR-9D, are dual-arm and single-arm robots featuring integrated computer vision, AI, multi-modal sensing, and highly articulate end-effectors suited for manufacturing and assembly line tasks.
- The funds will be used to accelerate product development, customer acquisition and growth.
- Perceptyne was valued at $3.73 million as of March, following its previous pre-seed funding round of $550,000 led by Venture Catalysts.
- Perceptyne is currently working with major players in the automotive and electronics sector.
- Perceptyne's CEO said AI-driven robotics companies will play a key role in industries such as manufacturing in India, where companies want to build but the availability of skilled labour isn't keeping pace with growing demand.
- Global industrial robotics market is projected to reach $41 billion annually by 2030, with a CAGR of 12.3%.
- This funding comes amid growing demand for AI and robotics services across industries such as manufacturing, logistics, and healthcare.
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