Perceptyne, an emerging deep-tech robotics startup specializing in AI-powered automation solutions, has raised $3 million in seed investment. funds round co-led by Endiya Partners and Yali Capital.
The round also saw participation from Whiteboard Capital and other notable angel investors.
The financing is intended to further Perceptyne’s product development, customer acquisition and overall growth.
What does Perceptyne do?
Founded by Raviteja Chivukula, Jagga Raju Nadimpalli and Mrutyunjaya Nadiminti, Perceptyne is carving a niche for itself in the industrial robotics space. The startup focuses on the development of semi-humanoid robots designed to perform tasks that require a high level of dexterity, such as assembling and packaging products.
By combining AI with advanced robotics, Perceptyne aims to offer automation solutions that can replicate human-like actions in manufacturing environments.
Iconic robots PR-34D and PR-9D
Perceptyne’s flagship products, the PR-34D and PR-9D, are two-arm and single-arm robots, respectively, that feature built-in computer vision and artificial intelligence capabilities.
These robots are equipped with multimodal sensing and highly articulated end effectors, making them ideal for applications in assembly line automation.
According to the startup, these robots can significantly reduce the time needed for integration into existing manufacturing processes, from months to weeks, without the need for major adjustments to assembly lines.
Addressing industry challenges through integrated robotics
Perceptyne’s focus is on creating a vertically integrated, full-stack robotics platform. The goal is to help manufacturing companies accelerate their automation efforts by reducing integration complexity and making automation more accessible.
The startup is already collaborating with important players in the automotive and electronics sectors, aligning its technology with the needs of these industries.
Speaking about the importance of their work, Raviteja Chivukula, CEO and co-founder of Perceptyne, said: “Leveraging advances in AI for manufacturing automation requires a new class of robots that can better sense the real world and execute AI-powered tasks. precisely”. “We believe this technology will revolutionize manufacturing by allowing more tasks to be automated.”
Growing market and future potential
The global industrial robotics market is expected to reach $41 billion annually by 2030, growing at a compound annual growth rate (CAGR) of 12.3%. This growth, driven by labor shortages and relocation efforts, presents a significant opportunity for AI-powered robotic solutions.
In India, demand for automation is also increasing, driven by the China+1 strategy and government initiatives such as the Production Linked Incentives (PLI) scheme.
Raghav Gupta, vice president at Endiya Partners, said: “Perceptyne is addressing a critical need for AI-driven automation in manufacturing, especially as industries look to expand their automation efforts. Its approach, which combines AI with robotics , has the potential to make a significant impact on the sector.”
Karthik Madathil, Partner at Yali Capital, added: “We are excited about Perceptyne’s innovative technology, which is well suited to the needs of fast-growing sectors in India. We believe they are uniquely positioned to capitalize on the intersection of robotics and AI.”
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