AI-first robotics startup Perceptyne raises $3 million in a Seed round

Perceptyne, an emerging deeptech robotics startup specializing in AI-driven automation solutions, has raised $3 million in a seed funding round co-led by Endiya Partners and Yali Capital.

The round also saw participation from Whiteboard Capital and other notable angel investors.

The funding is aimed at advancing Perceptyne's product development, customer acquisition, and overall growth.

What does Perceptyne do?

Founded by Raviteja Chivukula, Jagga Raju Nadimpalli, and Mrutyunjaya Nadiminti, Perceptyne is carving a niche in the industrial robotics space. The startup focuses on developing semi-humanoid robots designed to perform tasks that require a high level of dexterity, such as product assembly and packaging.

By combining AI with advanced robotics, Perceptyne aims to offer automation solutions that can replicate human-like actions in manufacturing environments.

Flagship robots PR-34D and PR-9D

Perceptyne's flagship products, the PR-34D and PR-9D, are dual-arm and single-arm robots, respectively, which feature integrated computer vision and AI capabilities.

These robots are equipped with multi-modal sensing and highly articulate end-effectors, making them ideal for applications in assembly line automation.

According to the startup, these robots can significantly reduce the time required for integration into existing manufacturing processes, from months down to weeks, without the need for major adjustments to assembly lines.

Addressing industry challenges through integrated robotics

Perceptyne’s approach focuses on creating a vertically integrated full-stack robotics platform. The aim is to help manufacturing companies accelerate their automation efforts by reducing integration complexity and making automation more accessible. 

The startup is already collaborating with major players in the automotive and electronics sectors, aligning its technology with the needs of these industries.

Speaking on the significance of their work, Raviteja Chivukula, CEO and Co-founder of Perceptyne, said, "Leveraging advances in AI for manufacturing automation requires a new class of robots that can better sense the real world and execute AI-driven tasks with precision. We believe this technology will revolutionize manufacturing by enabling more tasks to be automated."

Growing market and future potential

The global industrial robotics market is expected to reach $41 billion annually by 2030, growing at a compound annual growth rate (CAGR) of 12.3%. This growth, driven by labor shortages and reshoring efforts, presents a significant opportunity for AI-driven robotics solutions.

In India, the demand for automation is also rising, fueled by the China+1 strategy and government initiatives like the Production Linked Incentive (PLI) scheme.

Raghav Gupta, Vice President of Endiya Partners, said, "Perceptyne is addressing a critical need for AI-driven automation in manufacturing, especially as industries look to scale their automation efforts. Their approach, combining AI with robotics, has the potential to make a significant impact in the sector."

Karthik Madathil, Partner at Yali Capital, added, "We are excited about Perceptyne’s innovative technology, which is well-suited to the needs of rapidly growing sectors in India. We believe they are uniquely positioned to capitalize on the intersection of robotics and AI."