Hyderabad’s robotics startup, Perceptyne, has successfully raised $3 million in a seed funding round led by Endiya Partners and Yali Capital, alongside contributions from Whiteboard Capital and other angel investors. The company plans to utilize this capital to enhance product development, expand its customer base, and fuel overall growth. As of March, Perceptyne was valued at approximately $3.73 million, following a prior pre-seed funding round of $550,000 led by Venture Catalysts.
Founded by Raviteja Chivukula, Jagga Raju Nadimpalli, and Mrutyunjaya Nadiminti, Perceptyne is at the forefront of developing a full-stack robotics platform powered by artificial intelligence (AI). This platform is specifically designed for tasks that require human-like dexterity, including product assembly and packaging. Their flagship products, the PR-34D and PR-9D, consist of dual-arm and single-arm robots equipped with integrated computer vision, AI, multi-modal sensing, and highly articulate end-effectors, making them ideal for manufacturing and assembly line tasks. Operating under a business-to-business model, Perceptyne offers customers a choice between a capital expenditure model for purchasing robots or an operational expenditure model where the company installs and maintains the robots, generating revenue based on usage. Currently, Perceptyne is collaborating with key players in the automotive and electronics sectors.
CEO and co-founder Chivukula stated, “We are witnessing robust growth in the robotics sector, both in India and globally. Initiatives like Make in India have spurred numerous companies to establish manufacturing locally, while the domestic demand for advanced electronic products continues to rise. Furthermore, the availability of skilled labor is not keeping up due to the abundance of alternative career paths. This is where AI-driven robotics companies like ours will have a significant impact.” He highlighted that the global industrial robotics market is projected to reach an impressive $41 billion annually by 2030, growing at a compound annual growth rate (CAGR) of 12.3%.
This funding comes at a time when the demand for AI and robotics solutions is surging across various industries, including manufacturing, logistics, and healthcare. Recently, Pune-based robotics firm Haber raised ₹317.2 crore in a funding round led by private equity firm Creaegis, with participation from Accel India and BeeNext Capital.
“The moment has arrived for an AI-first robotics company focused on manufacturing automation. Perceptyne is meeting the essential demand for a versatile, drop-in automation solution that evolves through AI-led teleoperation,” remarked Raghav Gupta, vice president at Endiya Partners.
Perceptyne faces competition from notable companies such as Tokyo-based Telexistence and California-based Figure, among others.