Mobile robotics solution platform Peer Robotics has raised $2.3 million in a new round led by Kalaari Capital. Axilor Ventures, Connecticut Innovations and Innopact VC have also joined the round.
The Gurugram-based firm plans to use the funds for research and development (R&D) on human-robot interaction and market expansion in small and medium-scale manufacturing around the world.
Founded in 2019 by Rishabh Agarwal and Tanya Raghuvanshi, Peer Robotics is designed to work with humans by mirroring workflows in manufacturing operations on repetitive tasks, saving time, increasing efficiencies, and reducing injuries. The platform offers adaptive robots in manufacturing, assembly line, and warehousing segments.
Peer Robotics’ robots learn from humans in real-time allowing people on the shop floor to easily integrate and deploy solutions alongside them with a flexible design and low maintenance. It is also a part of Stanley+Techstars Accelerator programme portfolio.