Hyderabad Robotics Startup Perceptyne Secures $3 Million to Propel Growth

Sunil Sonkar
2 Min Read
Hyderabad Robotics Startup Perceptyne Secures $3 Million to Propel Growth

Hyderabad-based robotics startup Perceptyne lately secured $3 million in seed funding co-led by Endiya Partners and Yali Capital along with contributions from Whiteboard Capital and other angel investors. The fresh funding highlights growing recognition of AI-powered robotics in industries like manufacturing, electronics and logistics.

Perceptyne was founded by Raviteja Chivukula, Jagga Raju Nadimpalli and Mrutyunjaya Nadiminti. Its automation is about filling critical gaps in skilled labor and responds to increasing global demand for high-tech solutions. Its flagship products include the PR-34D and PR-9D. These are perfect examples of how robotics is evolving. The AI-powered machines feature integrated computer vision and multi-modal sensing. The machines are designed to mimic human dexterity and perform tasks like product assembly and packaging with incredible accuracy.

The business model of Perceptyne offers both capex and opex options. It speaks to the changing needs of today’s industries. Flexibility is the key today and the ability to lease or buy advanced robotics solutions is a significant advantage. It is allowing companies to scale without heavy upfront investments.

Industrial landscape is currently witnessing significant shift in India. Initiatives like “Make in India” are pushing domestic manufacturing to the forefront and skilled labor shortages are being seen in key sectors like electronics persist. Hence, companies like Perceptyne can have a transformative impact. CEO Raviteja Chivukula said that the global industrial robotics market is expected to reach $41 billion by 2030. It is growing at a CAGR of 12.3%. India has burgeoning tech ecosystem and rising manufacturing ambitions.

Perceptyne is also facing competition. Global players like Tokyo-based Telexistence and California-based Figure are also making moves in the robotics space. The recent funding as well as the rising interest in AI and robotics are significant turning points for the startup.

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