Ati Motors Secures $10.85 Million in Series A Funding for Global Expansion and R&D Investments

Ati Motors, a pioneering manufacturer of autonomous industrial robots, has raised $10.85 million in a Series A funding round.

The round was led by Silicon Valley's True Ventures, a venture capital firm with a keen interest in early-stage tech startups. Other participants included a new investor, Athera Ventures Partners, and existing backers like Blume Ventures, Exfinity Ventures, and MFV Partners.

According to the company's statement, the startup plans to use the raised capital towards broadening its presence in international markets including the United States, Southeast Asia, Europe, and Japan. 

Additionally, It will also focus on innovation through increased investment in research and development.

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