Ati Motors, an industrial robotics firm, has raised $10.85 million in Series A funding. The round was led by True Ventures, with participation from Blume Ventures, Exfinity Ventures, and MFV Partners.
Ati Motors was founded in 2017 by Saurabh Chandra and Vinay V. The company develops autonomous robots that can be used in a variety of industrial applications, such as manufacturing, warehousing, and logistics.
The company’s robots are designed to be easy to use and deploy. They are also scalable, so they can be used in a variety of settings.
Ati Motors’ funding will be used to expand its product offerings, grow its team, and expand its customer base.
“We are excited to partner with True Ventures and other investors,” said Saurabh Chandra, co-founder and CEO of Ati Motors. “This investment will help us accelerate our growth and reach more customers around the world.”
True Ventures’ managing partner, Ajay Agarwal, said, “We are impressed by Ati Motors’ team and their vision to make industrial robotics accessible to everyone. We believe that Ati Motors has the potential to become a leading player in the industrial robotics market.”
The funding for Ati Motors is a sign of the growing interest in industrial robotics. The industrial robotics market is expected to grow to $132.5 billion by 2028. Ati Motors is well-positioned to capitalize on this growth, as the company offers a scalable and easy-to-use solution.