SUMMARY
- CynLr raised $10 million led by Athera Venture Partners, expanding workforce, R&D, and software engineering capabilities.
- The startup aims to deploy one robot daily, targeting $22M revenue by 2027 with increased manufacturing capacity.
- CynLr’s CyRo platform strengthens industrial automation with improved software, hardware dependability, and cost efficiency for better customer experiences
Robotics startup CynLr has raised $10 million (₹84 crores) in a Series A fundraising round headed by Athera Venture Partners (previously Inventus India) and Pavestone. With the fresh funding, CynLr hopes to quadruple its workforce (from 60 to 120 individuals) and strengthen its R&D and software engineering capabilities.
The financing also included participation from InfoEdge’s Redstart and previous funders Speciale Invest.
Founder of CynLr Gokul stated, “CynLr manages an extensive supply chain of 400+ parts sourced across 14 countries and will expand its manufacturing capacity to achieve the goal of deploying one robot system per day and reach the $22 Million revenue milestone by 2027.
Gokul NA and Nikhil Ramaswamy-led CynLr automates industrial processes. The startup’s goal is to make manufacturing easier with its object computers or visual robots. The business intends to fortify its core CyRo robotics platform, improving software performance and hardware dependability to provide increased cost effectiveness and better customer experiences.
The business raised ₹5.5 crore in a seed fundraising round in 2022. Since its founding, it claims to have raised a total of $15.2 million.
