Robotic Technology Empowers Manufacturers with a Human-Centric Focus
Peer Robotics, an exciting new mobile robotics solution transforming manufacturing, today announced that it has raised $2.3 million in seed funding led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innoviti दसons and Innopact VC.
“Manufacturers regularly deal with lots of repetitive, labor-intensive tasks that are great candidates for automation,” said Rishabh Agarwal, Co-Founder, and CEO of Peer Robotics. “Small and medium-size companies are struggling with the labor shortage today, not to mention high turn-over. Also, many operations are still manual with employees operating at a high risk of injuries and fatigue. Solutions to date have been too expensive and complex,” he added.
Peer Robotics is designed to work with humans; mirroring workflows in manufacturing operations on repetitive tasks; saving time, increasing efficiencies, and reducing injuries. The company’s 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, out of box deployment and low maintenance.
While any operation with repetitive tasks is a candidate, common industries include Automotive, aerospace, fabrication and machining, and home appliance and tooling. Typical tasks include warehouse to shop floor; kitting for assembly; and assembly line delivery – all repetitive, labor-intensive tasks that can be handled by a robot leaving more cognitive tasks to employees.
Peer Robotics is part of STANLEY+Techstars Accelerator program portfolio. The robot technology has been in research and development for the past year at several manufacturing facilities in the U.S. and India.
“Cyber physical systems are ushering a new era where collaborative robots with contextual intelligence, low implementation time, and negligible integration cost will lead industrialization in every sector.” said Ravinder Pal Singh, Partner, Kalaari Capital. “Peer Robotics’ navigation module and heuristic feedback-based learning, offers manufacturers the next generation of smart, content driven and affordable robotic platforms,” he added.
For more information about Peer Robotics and a demo, visit www.peerrobotics.ai.
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About PeerROBOTICS
Peer Robotics is a new mobile robotics solution designed to work with humans; mirroring workflows in manufacturing operations on repetitive tasks; saving time, increasing efficiencies, and reducing injuries. The company’s robots learn from humans in real-time allowing people on the shop floor to easily integrate and deploy solutions alongside them a flexible design, out of box deployment and low maintenance. For more information and a demo, visit www.peerrobotics.ai.
About Kalaari Capital
Kalaari Capital is an early-stage, technology-focused venture capital firm based out of Bengaluru, India. Since 2006, Kalaari has empowered visionary entrepreneurs building unique solutions that reshape the way Indians live, work, consume and transact. The firm's ethos is to partner early with founders and work with them to navigate the inevitable challenges of fostering ideas into successful businesses. At its core, Kalaari believes in building long-term relationships based on trust, transparency, authenticity, and respect.
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