The funds will be used to accelerate product development, customer acquisition and growth, it said on Monday.
Hyderabad-based Perceptyne was valued at $3.73 million as of March, following its previous pre-seed funding round of $550,000 led by Venture Catalysts, as per Tracxn.
Founded by Raviteja Chivukula, Jagga Raju Nadimpalli and Mrutyunjaya Nadiminti, Perceptyne is developing an artificial intelligence (AI)-powered, full-stack robotics platform designed for tasks requiring human-like dexterity, such as product assembly and packaging. Perceptyne’s flagship products, PR-34D and PR-9D, are dual-arm and single-arm robots featuring integrated computer vision, AI, multi-modal sensing, and highly articulate end-effectors suited for manufacturing and assembly line tasks.
The company operates on a business-to-business model, offering both a capex option for customers to purchase robots, and an opex model where Perceptyne installs the robots, generating revenue through usage. The company said it is currently working with major players in the automotive and electronics sector.
“We are seeing strong growth for robotics, both domestically and globally. In India, because of initiatives like Make in India, a lot of companies want to build here and our domestic consumption for a lot of high-tech electronic products is growing. Also, the availability of skilled labour is also not keeping pace, because of a lot of alternative career options. This is where AI-driven robotics companies like us will play a key role,” Chivukula, CEO and cofounder of Perceptyne, told ET.
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He noted that the global industrial robotics market is projected to reach $41 billion annually by 2030, with a compound annual growth rate (CAGR) of 12.3%.This funding comes amid growing demand for AI and robotics services across industries such as manufacturing, logistics, and healthcare. Last week, Pune-based robotics startup Haber raised Rs 317.2 crore in a funding round led by private equity firm Creaegis, with participation from Accel India and BeeNext Capital.
“The time has come for an AI-first robotics company which is building for manufacturing automation. Perceptyne is addressing the critical need for a drop-in, generic automation solution that learns through AI-led tele-operation,” said Raghav Gupta, vice president, Endiya Partners.
Perceptyne’s top competitors include Tokyo-based Telexistence, California-based Figure, among others.