Ati Motors, a Bangalore, India-based artificial intelligence (AI) and autonomous robotics company, recently raised $20 million in a Series B funding round.
The round was led by Walden Catalyst Ventures and NGP Capital and included participation from numerous current investors including True Ventures.
The company will use the new funding to boost product development and expand its market presence in new geographies.
Ati, which refers to its robots as “sherpas that change the way you work, without you changing a thing,” makes electric-powered robots that the company says “complement humans at work,” adding that they are “programmed to safely and seamlessly integrate into your existing workspace, workflow and workforce.”
Founded in 2017, the company presents its mission as “creating and deploying robotics-based solutions for material movement operations in industry; starting with autonomous mobile robotics technology that are practical, safe, scalable, resilient and low maintenance,” created by an interdisciplinary team of over two dozen engineers working across multiple disciplines including machine learning and AI, power electronics and control systems.
Source: Ati Motors
