Detroit and BENGALURU, India, July 21, 2023 Ati Motors, a manufacturer of autonomous industrial robots, has announced the completion of its USD 10.85 million Series A fundraising round. The investment, which coincides with the company’s product launch, will hasten the advancement and application of Ati Motors’ robotics technology for automating operations in warehouses and industrial settings.
Silicon Valley venture capital company True Ventures, which specializes in funding early-stage digital firms, is leading the Series A investment. Additionally joining as a new investor, Athera Ventures Partners brought a wealth of knowledge on deep tech investments. The prior investors Blume Ventures, Exfinity Ventures, and MFV Partners also made sizable contributions to the round. Ati Motors will be able to explore unexplored prospects in the pharmaceutical, chemical, maritime, and injection molding industries as a result of the most recent financing, which will enable it to grow into markets in the US, South East Asia, Japan, and Europe. Ati Motors will keep spending money on R&D to introduce fresh goods and features to the market.
At the product launch event, the Ati Motors team displayed new models of its very advanced autonomous mobile robots. These robots are intended to increase production and efficiency across numerous industries. In terms of how they blend artificial intelligence, computer vision, and hardware to carry out complex tasks in dynamic surroundings, the company’s robots are inspired by self-driving automobiles. Critical use cases have spanned various sectors, including manufacturing, shipping, and warehousing. The company has established a good product market fit within facilities in the automotive, tyre, and electrical industries.
Ati Motors CEO Saurabh Chandra said, “The autonomous robots market is overflowing with huge prospects. We are at the forefront of this revolution as we alter industrial operations. “This money will support our growth into new industries and markets. We are in an excellent position to keep pushing the boundaries of robotics technology and to fulfill the changing needs of our clients thanks to the backing of our investors who share our vision.
Rohit Sharma, partner at True Ventures, said, “Ati Motors has developed a remarkable platform that has the potential to revolutionize numerous sectors.” We are thrilled to serve as the round’s lead investor and to aid the Ati Motors team in their effort to use intelligent robots to address today’s challenging problems in industrial applications.
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