In a Series A funding round led by Pavestone and Athera Venture Partners (previously Inventus India), the deep-tech robotics business CynLr (Cybernetics Laboratory) has raised $10 million, increasing its total funding to $15.2 million. This round also included participation from existing investors, such as Infoedge (Redstart) and Speciale Invest.

According to a CynLr press statement, the money will be utilized to grow the team and supply chain network as well as to increase hardware and software capabilities, all of which are intended to lower costs and enhance customer satisfaction.

CynLr, which was founded in 2019 by Nikhil Ramaswamy and Gokul N A, offers industrial robotics AI-based robotic vision solutions. Industrial robotic arms can see, comprehend, and operate items in random, unstructured situations thanks to its visual object intelligence platform.

In order to facilitate plant-level automation, the business intends to provide its application Denso, which enables users to control demand variability for different parts using a hot-swappable robot station.

Additionally, CynLr showcases its CyRo product, which is intended to equip manufacturing lines with the revolutionary idea of a "Universal Factory" that can make money by producing consumer goods that are tailored to each individual's needs, even in small quantities. The corporation wants to lower client prices, increase software performance, and improve hardware reliability.

With a target of $22 million in sales by 2027, CynLr says it oversees a vast supply chain of more than 400 parts that are sourced from 14 different countries. The company also wants to increase its manufacturing capacity to deploy one robot system every day.