CynLr, an advanced robotics startup specializing in deep-tech AI, has successfully raised $10 million in its Series A funding round, co-led by Pavestone and Athera Venture Partners (formerly Inventus India). This new investment brings the company’s total funding to $15.2 million. The round also saw participation from existing investors, including Speciale Invest and Infoedge (Redstart), along with other strategic backers.
The funds will be utilized to expand CynLr’s workforce, enhance its supply chain infrastructure, and boost its hardware and software capabilities. The aim is to drive down costs while improving the overall customer experience, as outlined in a press release from the company.
Founded in 2019 by Nikhil Ramaswamy and Gokul N A, CynLr is revolutionizing industrial robotics with its AI-powered vision solutions. The company provides a cutting-edge visual object intelligence platform that allows robotic arms to see, comprehend, and manipulate objects in unpredictable and unstructured environments.
CynLr is also preparing to unveil its new application, Denso, designed to help customers manage demand fluctuations for various parts through a flexible, hot-swappable robot station. This will support advanced plant-level automation.
Additionally, the company has introduced CyRo, a product aimed at transforming production lines by enabling a ‘Universal Factory’ vision—one that can produce custom-fit consumer products at scale, even for low-volume runs. CynLr’s focus is on improving hardware reliability, enhancing software performance, and reducing costs for customers.
Managing a global supply chain of over 400 parts sourced from 14 countries, CynLr plans to expand its manufacturing capabilities, targeting the deployment of one robot system per day. The company has set its sights on reaching $22 million in revenue by 2027.
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