Venture Catalysts, an integrated incubator and leader in early-stage investments, announced that it has led a pre-seed funding round for Perceptyne.
Perceptyne is a deep-tech robotics and AI company building industrial humanoid robots for automating dexterous tasks that cannot be automated with traditional automation technology.
Venture Catalysts, an integrated incubator and leader in early-stage investments, announced that it has led a pre-seed funding round for Perceptyne.
This investment round also included participation from several figures in the deeptech hardware start-up community, including Tarun Mehta and Swapnil Jain of Ather and Pawan Chandana and Bharat Daka of Skyroot Aerospace. Other notable investors include T-Hub, Z21 Ventures, Naveen (founder of My Ally), Satya (founder of Bluecopa), and Aditya Damani (founder of Credit Fair).
Perceptyne is a deep-tech AI and robotics start-up whose products intend to perform tasks demanding human-like dexterity, such as product assembly, e-commerce packaging, and commercial kitchen operations—areas where traditional robots fall short.
The company is innovating and building a vertically integrated full-stack robotics platform centered around AI, as per a company statement.
Raviteja, Co-Founder and CEO of Perceptyne, said, “Our industrial humanoid robots are set to revolutionize industries that have long awaited such innovation. We are grateful for the support from industry stalwarts and our esteemed investors. It fuels our commitment to democratise automation. With this investment, we are poised to accelerate our product development and pilot deployments, particularly in the EMS and automotive sectors.”
As per the start-up, Perceptyne's industrial humanoid robot features dual arms with seven degrees of freedom each and five-fingered end effectors, complete with tactile sensing and force feedback.
Automation is increasing in India. The automation market is vast, with a global automation market valued at $18 billion annually and growing at a CAGR of 12.3 percent. In addition, the manufacturing sector in India is poised for rapid growth due to the China+1 strategy and government push-through schemes like PLI. Perceptyne says that it is well positioned to meet the surging demand for automation, both global and domestic.