Axilor Ventures, Connecticut Innovations, and Innopact VC joined forces with Kalaari Capital to raise $2.3 million in a seed round for Peer Robotics, a novel mobile robotics system that is revolutionising the industrial industry.
Gurugram-based Tanya Raghuvanshi and Rishabh Agarwal started Peer Robotics in 2019. The startup is a cooperative mobile robotics business that is bridging the divide between how people and robots collaborate.
Peer robotics is made to operate alongside people, simulating manufacturing operations’ processes for repetitive activities. This saves time, boosts productivity, and minimises accidents.
“Manufacturers regularly deal with lots of repetitive labour-intensive tasks that are great candidates for automation. Small and medium-size companies are struggling with the labour shortage today, not to mention high turnover. Also, many operations are still manual with employees operating at a high-risk of injuries and fatigue. Solutions to date have been too expensive and complex”, Rishabh Agarwal, Co-founder and CEO, Peer Robotics said.
Because of their flexible designs, ready-to-use deployment, and cheap maintenance, the company’s robots enable personnel working on the shop floor to quickly integrate and implement solutions.
“Cyber physical systems are ushering a new era where collaborative robots with contextual intelligence, low implementation time, and negligible integration cost will lead industrialization in every sector”, Ravinder Pal Singh, Partner, Kalaari Capital said.
About Peer Robotics
Peer Robotics is a collaborative mobile robotics company building material handling solutions for manufacturing industries. Their mobile robots can learn from humans in real-time allowing people on the shop floor to easily integrate and deploy the solutions.