AI-first Robotics Startup Perceptyne Raises $3m Co-led by Endiya Partners and Yali Capital

Perceptyne, a deeptech AI-first robotics startup, introduced in the present day that it has secured USD 3 million in seed funding. The spherical was co-led by Endiya Companions and Yali Capital with participation from Whiteboard Capital and notable angels.

Perceptyne is an rising chief within the house of AI pushed, semi-humanoid robots for industrial automation. The funding will likely be used for accelerating product growth, buyer acquisition and progress. The corporate is working carefully with manufacturing giants in automotive and electronics.

Perceptyne’s merchandise are designed to carry out duties demanding human-like dexterity, corresponding to product meeting & packaging. To perform this, the startup is constructing a vertically built-in full stack robotics platform centered round AI.Perceptyne’s flagship merchandise, PR-34D and PR-9D, are dual-arm and single-arm robots with built-in pc imaginative and prescient & AI, multi-modal sensing and extremely articulate end-effectors suited to manufacturing / meeting line purposes. 

Perceptyne’s built-in strategy will assist manufacturing corporations speed up robotic automation efforts by dramatically decreasing integration time (quarters to weeks) and implement automation with out modifications to their meeting traces.

Perceptyne was based by IIT Madras & BITS alumni Raviteja Chivukula, Jagga Raju Nadimpalli and Mrutyunjaya Nadiminti. The group has wealthy expertise in designing, manufacturing and promoting deep-tech merchandise for the Aerospace, Automotive and Electronics industries.

Raviteja Chivukula, CEO & Co-founder, Perceptyne, stated, “AI has been making large strides within the digital world with extra compute being obtainable, complicated fashions being constructed and huge quantities of knowledge being collected. Leveraging these advances on the planet of producing automation requires a unique class of robots – these that may sense the real-world higher and are articulate sufficient to execute AI inferencing granularly. Perceptyne is constructing automation techniques at this intersection – those who mix AI fashions with dexterity, multi-modal sensing and articulate actuators. We consider that this can revolutionize manufacturing by making many extra purposes automatable.”

Raghav Gupta, Vice President, Endiya Companions, commented, “The time has come for an AI-first robotics firm which is constructing for manufacturing automation. Perceptyne is addressing the vital want for a drop-in, generic automation answer that learns by way of AI-led tele-operation. Contemplating the tailwinds behind Make in India, and Perceptyne group’s functionality, we consider there may be a lot to be enthusiastic about.“

“We’re excited concerning the potential of Perceptyne’s distinctive multi-faceted expertise to ship robotic options which might be exactly tuned to the wants of dawn sectors of India’s rising financial system corresponding to digital manufacturing. We’re very pleased to companion with the proficient and revolutionary group at  Perceptyne and we consider that they’re effectively outfitted to deal with the alternatives obtainable on the intersection of robotics and AI”, added Karthik Madathil, Accomplice at Yali Capital.

The economic robotics alternative is huge, with the worldwide market estimated to succeed in USD 41 billion yearly by 2030, registering a CAGR of 12.3%. This progress fueled by world labor scarcity and elevated reshoring presents a powerful world alternative for AI pushed robotics corporations. As well as, the manufacturing sector in India is poised for speedy progress because of the China+1 technique and aided by authorities push by way of schemes like PLI. Perceptyne is effectively positioned to satisfy this surging demand for automation each world and home.