CynLr is a deep tech startup that develops robotics vision solutions for industrial robots using artificial intelligence. The company raised 10 million USD from Athera Venture Partners and Pavestone in its ongoing series A funding round. The funding round saw the participation of several investors including Infoedge and Speciale Invest.
The startup plans to use these fresh proceeds to scale its operations, expand its team, enhance its platform, and improve its software and hardware capability. The company will mainly focus on cost reduction, and better customer experience while strengthening its presence in the deep tech market.
The startup has raised around $15.2 million across multiple funding rounds since its inception. The firm previously secured $4.5 million from GrowX Ventures and Speciale Invest, and other investors during its series A funding round in 2022. CynLr offers a visual object intelligence platform that allows industrial robot arms to understand, see, and manipulate objects in unstructured and random environments with features like AI-based sensing, and in-build actuators.
The startup provides advanced robotics solutions for industrial robotics. The firm also offers an object recognition platform that uses an eye-brain platform and deep-neutral network models with motion feedback. The company plans to launch its new application Denso to allow customers to manage demand variability for various parts. The firm plans to introduce new services and increase its efficiency through this funding. This investment round highlights investors’ trust in CynLr’s market potential and business model.
The Bengaluru-based company develops robotic solutions based on artificial intelligence. The startup provides its flagship products including CyRo that empower production lines with the transformational vision of a universal factory capable of profitably producing custom-fit consumer goods even during low volumes. The company wants to transform industrial robotics through its advanced technologies and innovative solutions. This fresh capital will enhance the hardware reliability and launch more innovative robotics solutions.
The company uses artificial intelligence and cutting-edge technologies to provide the best robotics solutions. CynLr aims to cross the revenue of 22 million USD in the next three years. The deep tech startup claims to manage a supply chain of over 400 parts sourced from 14 countries. The firm plans to expand its manufacturing capability and deploy one robot system each day. Entrackr reported.
The development came just after the deep tech sector saw increased investor interest. The company plans to use a portion of this investment to expand its customer base while improving its software and hardware capability. CynLr faces competition from other deep tech companies manufacturing industrial robotics solutions such as Inbolt, Cron AI, and RGo Robotics.
Conclusion :
CynLr is an AI-powered robotics vision solution offering deep tech startup that raised 10 million USD in its series A round from Athera Venture Partner and Pavestone Capital. The company intends to use this amount to expand its supply chain, enhance its software capabilities, and advance its technology.
The startup previously secured $4.5 in its series A funding round from its existing investors. The Bengaluru-based startup aims to provide robotics solutions for industrial purposes.
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