Industrial robotics startup Ati Motors raises $20 million in Series B funding
industrial robotics startup Ati Motors has raised $20 million in a Series B funding round led by Walden Catalyst Ventures and NGP Capital.
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Existing investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures, also participated in the round.
The Bengaluru-based company plans to utilise the fresh capital to accelerate product development and expand its footprint into new geographies.
This funding round follows a $10.85 million Series A investment in July 2023, led by True Ventures.
“With this funding, we want to expand our product portfolio and go deeper into the markets where we are already seeing great traction, such as the US, Mexico, India, Thailand, and Singapore… Also, I think we have the best datasets on the physical AI side from factories, and we want to ensure we’re developing next-generation AI models while delivering excellent value to our customers,” Saurabh Chandra, founder and CEO of Ati Motors told ET.
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