Robotics Startup CynLr Secures $10 Mn Series A Funding

CynLr, a robotics platform based in Bengaluru, secured $10 million, or roughly INR 84 crore, in a Series A fundraising round headed by Athera Venture Partners (previously Inventus India) and Pavestone.

The financing also included participation from InfoEdge's Redstart and previous funders Speciale Invest. 

Read also - QubeHealth Raises pre-Series A Funding From Unicorn India Ventures, CanBank VC

With the new funding, CynLr hopes to twice the number of its employees (from 60 to 120 individuals) and strengthen its R&D and software engineering expertise.

To increase cost-effectiveness and improve client experiences, the business also intends to improve its core CyRo robotics platform by improving its software performance and hardware dependability. 

About CynLr

CynLr is a visual object intelligence platform that was founded in 2019 by Nikhil Ramaswamy and Gokul NA. It allows industrial robotic arms to see, comprehend, and operate any object in arbitrary, unstructured contexts.

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