Venture Catalysts Leads Pre-Seed Funding Round for Perceptyne

• ByStartupStory     |    May 2, 2024

Venture Catalysts, a pioneering integrated incubator and early-stage investment leader, has spearheaded a pre-seed funding round for Perceptyne, a groundbreaking deep-tech AI and robotics start-up poised to transform industries with its innovative humanoid robots.

Joining Venture Catalysts in this funding initiative were distinguished personalities from the deeptech hardware start-up community, including Tarun Mehta and Swapnil Jain of Ather, along with Pawan Chandana and Bharat Daka of Skyroot Aerospace. Notable investors also include T-Hub, Z21 Ventures, Naveen (founder of My Ally), Satya (founder of Bluecopa), and Aditya Damani (founder of Credit Fair).

Perceptyne specializes in developing AI-driven robots capable of human-like dexterity for tasks like product assembly, e-commerce packaging, and commercial kitchen operations—areas where traditional robotics often fall short.

Raviteja, Co-Founder and CEO of Perceptyne, expressed gratitude for the overwhelming support, stating, “Our industrial humanoid robots are set to revolutionize industries that have long awaited such innovation. 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.”

According to the company, Perceptyne’s humanoid robots feature dual arms with seven degrees of freedom each and five-fingered end effectors, incorporating tactile sensing and force feedback—a pioneering advancement in the field of robotics.

The automation market in India is burgeoning, with the global automation sector valued at $18 billion annually and expanding at a Compound Annual Growth Rate (CAGR) of 12.3 percent. Furthermore, India’s manufacturing sector is on the brink of exponential growth, catalyzed by strategies like the China+1 initiative and government schemes such as Production-Linked Incentives (PLI). Perceptyne asserts its strategic positioning to address the escalating demand for automation, both domestically and globally.

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