CynLr, a deep-tech startup fundamentally re-inventing a dynamic vision enabled robot to make ‘universal factories’ of the future a possibility, has raised US$ 4.5 million in funding. The Visual-Robot Platform eliminates the painful trap of machinery customization that manufacturing – from electronics to automotive to consumer as well as warehouses – endures today. CynLr envisions its Visual-Robots or Object Computers to ‘simplify’ manufacturing, just as the computers simplified data processing.
CynLr will be establishing its business presence in the US, scale their team to 50+ members and build capacity to address the current pipeline of customers and deliver 100 Robots annually.
Notable industry leaders including Srivats Ram (MD, Wheels India, TVS Group), Shriram Vijayaraghavan (President, Wheels India, TVS Group), Arvind Vasu (former Asia Head, ABB Technology Ventures), Nalin Advani (former CEO, Asia Pacific, GreyOrange Robotics) and Jayaram Pillai (former MD – India, Russia, Arabia, NI) also participated in the round.
“CynLr’s Machine Vision and Intelligence stack empowers businesses to build factories out of universal LEGO-like Robotic Units, instead of complex custom machinery. CynLr’s visual robots can instantaneously pick any object of any size, shape, weight, or material regardless of orientation and place with limited to no pre-training. This is the stepping stone in creating Universal Factories – a factory so standardized that any product – from cars to phones to probably even your food, can be manufactured under the same roof, and is just a-click-of-a-button away,” stated Nikhil Ramaswamy, Co-founder and CEO, CynLr.
“The universalization of Data processing that Computers brought, made Data the new Oil. Yet everything that we consume is physical – from food, water, air to gadgets. The revolution that data witnessed is yet to happen for Manufacturing (Object Processing), held back by one factor: Custom Machinery. When it comes to adapting to unforeseen changes in manufacturing objects, Human Vision and Hands are the only universal solution that we have. CynLr fills this void in current AI and ML, by looking at how Intelligence evolved along with Vision in animals, over a billion years. This we believe will make Objects the new Data,” says N A Gokul, Founder, CynLr.
Vishesh Rajaram, Managing Partner, Speciale Invest added, “CynLr is pioneering universal and adaptable micro-factories by enabling robots’ to be dynamic beyond pre-programmed simple tasks, which will expand the US$ 48 billion robotic-arm market to over US$ 200 billion. We at Speciale have been privileged to have ringside seats witnessing the unfurling of some of the deepest frontier tech stories in new India. We are convinced that the convergence of Gokul and Nikhil’s deep tech prowess in vision (eye) and object intelligence (brain), will prove to be the genesis of a fundamental AI disruption that changes the way humanity makes, transports, and consumes all things material.”
“CynLr is solving a 4-decade long unmet need in the fast-growing industrial robotics space. With their intelligent Vision Stack for robots, they solve a myriad of challenges in hyper-automating manufacturing and warehouse space. As a firm believer in the deep tech space, we are excited to support CynLr in building intelligent learning robots that will further enable the creation of micro-factories and ultimately, universal factories,” says Sheetal Bahl, Managing Partner, growX Ventures.
