Peer Robotics Raises $2.3M in Seed Funding

0

Peer Roboticsa new mobile robotics solution for manufacturing, raised $2.3 million in seed funding led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innovations and Innopact VC.

Rishabh Agarwal, Co-Founder and CEO of Peer Robotics, says, “Small and medium-sized businesses today are grappling with labor shortages, not to mention high turnover.

“Furthermore, many operations are still manual, with employees working at a high risk of injury and fatigue. So far, the solutions have been too expensive and complex.

“Manufacturers are regularly faced with many repetitive and labor-intensive tasks that are excellent candidates for automation.”

Peer Robotics is designed to work with humans; mirroring workflows in manufacturing operations on repetitive tasks; save time, increase efficiency and reduce injuries.

Enterprise 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 reduced maintenance .

While any operation with repetitive tasks is a candidate, common industries include automotive, aerospace, manufacturing and machining, and appliances and tooling.

Typical tasks include warehouse to workshop; kits for assembly; and delivery to the assembly line – all repetitive, labor-intensive tasks that can be hand-directed by a robot, leaving more cognitive tasks to employees.

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.

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

“Peer Robotics’ navigation module and heuristic feedback-based learning provide manufacturers with the next generation of intelligent, content-driven, and affordable robotic platforms.”

Share.

About Author

Comments are closed.