Venture Catalysts Leads a Pre-Seed Funding for Perceptyne

• ByStartupStory     |    May 4, 2024

 Venture Catalysts, a leading integrated incubator and early-stage investment firm, has announced its leadership in a pre-seed funding round for Perceptyne, a pioneering deep-tech robotics and AI company. The investment round saw participation from key figures in the deeptech hardware startup community and other notable investors.

Joining Venture Catalysts in this funding initiative were Tarun Mehta and Swapnil Jain from Ather, alongside Pawan Chandana and Bharat Daka of Skyroot Aerospace. Noteworthy investors also included T-Hub, Z21 Ventures, Naveen (founder of My Ally), Satya (founder of Bluecopa), and Aditya Damani (founder of Credit Fair).

Raviteja, Co-Founder and CEO of Perceptyne, expressed gratitude, stating, “We are grateful for the support from industry stalwarts and our esteemed investors. It fuels our commitment to democratise automation. With this investment, we are poised to accelerate our product development and pilot deployments, particularly in the EMS and automotive sectors.”

Perceptyne, founded by Raviteja Chivukula, Jagga Raju Nadimpalli, and Mrutyunjaya Nadiminti, specializes in building industrial humanoid robots that automate complex tasks traditionally resistant to automation.

ApoorvaRanjan Sharma, Co-founder and Managing Director of Venture Catalysts, emphasized their confidence in Perceptyne’s vision and potential for rapid scaling. “Our investment reflects our belief in their vision to automate tasks with precision and their potential to scale rapidly in the EMS and automotive industries,” Sharma stated. “The expertise of Perceptyne’s founding team, their technological advancements, and their strategic business model align with our commitment to fostering disruptive technologies. We look forward to seeing Perceptyne’s impact on the industry and are confident in their success as they redefine what’s possible in robotics and automation.”

Venture Catalysts continues to spearhead investments in groundbreaking startups, reaffirming its commitment to driving innovation and technological advancement across industries.

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