Peer Robotics Raises $2.3M in Funding Led by Kalaari Capital

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Peer Robotics, a mobile robotics solution designed to work with humans, has raised $2.3 million in funding led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innovations and Innopact VC, according to a statement from the company. society.

“Manufacturers are regularly faced with many repetitive and labor-intensive tasks that are excellent candidates for automation. Small and medium-sized businesses today are struggling with labor shortages, not to mention high turnover. Additionally, many operations are still manual, with employees working at a high risk of injury and fatigue. Until now, the solutions were too expensive and complex,” said Rishabh Agarwal, co-founder and CEO of Peer Robotics.

The company’s robots learn from humans in real time, allowing shop floor workers to easily integrate and deploy solutions alongside them with flexible design, out-of-the-box deployment and low maintenance, according to a company statement.

Peer Robotics is part of the Stanley+Techstars Accelerator program portfolio.

The robotic technology has been in research and development for a year at several manufacturing plants in the United States and India.

“Cyber-physical systems usher in a new era where collaborative robots with contextual intelligence, reduced implementation time and negligible integration cost will lead industrialization in all sectors.” said Ravinder Pal Singh, Partner, Kalaari Capital.

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