Indian DeepTech Robotics Startup, CynLr (Cybernetics Laboratory) has raised $10Million / 74Cr in a fresh round of Series A funding led by Pavestone and Athera Venture Partners (formerly Inventus India), bringing its total funding to $15.2 Million. Existing investors Speciale Invest, Infoedge (Redstart) and others also participated in this round of fundraising. CynLr is building the missing layers of fundamental technology that will enable the robots to intuitively recognize and handle even unknown objects of any shape, colour, size and form, just like a human baby might. Solving this four-decade-old problem in robotics will be the key to achieving the concept of “Universal Factories”.
Imagine a factory the size of a small car, capable of producing every kind of product, irrespective of shape, size, or complexity-from an LED television to a car, and even a tiny bottle of shampoo-and this mini factory can be installed on every street and every corner. This is the vision CynLr is working to bring to life with their robots, which have cracked the first step toward making this vision a reality: the ability to observe, understand, and interact with the physical world. This seemingly simple ability-to pick up anything in front of us without a plan or thought-has remained an unsolved problem in robotics for 40 years. CynLr is solving this by drawing inspiration from the very technology we humans are born with: our eyes and brain, which are naturally designed to perceive, touch, feel, and interact with the physical world.
In the past year CynLr has attracted close to 15k job applicants from across the country, ranging from Core Engineering Talent to Research and Software Development. CynLr will now expand its 60-member core team into a 120-member Global team. It also aims to harness the talent from India's tier-2 cities-individuals with global mettle and bring them to an international stage. Along with expanding its Research & SW dev team, CynLr will be hiring Marketing, Sales, Business and Operational Leaders across India, US and Switzerland. CynLr's Design & Research Centre in Switzerland (Unlimitrust Campus, Prilly) was opened recently by Alain Gillièron, Mayor of Prilly during Swiss Indian Innovation Week on 26th September 2024. The Switzerland Centre will work closely with CynLr's Research partners in EPFL LASA (Lausanne) and CSEM (Neuchâtel).
CynLr sees a great opportunity for India to evolve into a research & design capital in Robotics. To foster an ecosystem for robotics research and development in India, CynLr has established a 13,000sq. ft Robotics Lab in Bengaluru and hosts 25 Robot Systems which it plans to expand to 50+ systems by 2026.
"CynLr’s concept of a 'Universal Factory' will simplify and eliminate the Minimum Order Quantity bottleneck for manufacturing. Furthermore, the idea of changing automation by simply downloading task recipe from an online platform, makes factories to be product agnostic that can produce entirely new products out of same factory at a click of a button, is a future that we look forward to " - Sridhar Rampalli - Managing Partner, Pavestone Capital.