Deeptech Robotics Startup CynLr Secures $10 Million Series A Funding to Expand Global Team

Deeptech Robotics Startup CynLr Secures $10 Million Series A Funding to Expand Global Team

CynLr (Cybernetics Laboratory), a cutting-edge deeptech robotics startup based in Bengaluru, has successfully raised $10 million in a new Series A funding round led by Pavestone and Athera Venture Partners (formerly Inventus India). This latest investment brings CynLr’s total funding to $15.2 million, with participation from existing backers including Speciale Invest and InfoEdge’s Redstart. The funding will enable CynLr to double its team and expand its global footprint, enhancing its capacity to revolutionize industrial automation.

Key Goals for CynLr’s $10 Million Investment

With this new capital infusion, CynLr is set to scale its 60-member core team to a 120-member global workforce, including additions across its research, development, marketing, and operational departments in India, the U.S., and Switzerland. The funding will support:

1. Team Expansion: CynLr aims to strengthen its core research and development by hiring talent across software, business operations, marketing, and sales.
2. Technology and Production Scaling: The company plans to increase its manufacturing capacity, targeting the deployment of one robot system per day to reach a projected $22 million revenue milestone by 2027.
3. Improvement of CyRo Form Factor: CynLr’s innovative robotic solution, CyRo, has seen strong market validation. The funding will drive improvements in hardware reliability, software performance, and cost-efficiency for customers.

CynLr’s Innovative Vision: Building a “Universal Factory”

CynLr’s mission is to bridge critical gaps in industrial automation by enabling robots to see, understand, and interact with unstructured objects in dynamic environments. Founder Gokul NA expressed the company’s ambition to create a “Universal Factory,” where the CyRo form factor can be integrated into production lines, allowing companies to manufacture custom-fit consumer goods profitably, even at low volumes.

“With CyRo’s established technology-market fit, our customers are keen to adopt our systems for their production lines,” said Gokul NA. “Our goal is to transform manufacturing into a more flexible, efficient process that serves custom requirements without compromising profitability.”

Expanding Global Reach with Switzerland’s Research and Design Center

CynLr recently launched its Design & Research Centre in Prilly, Switzerland, inaugurated during the Swiss Indian Innovation Week in September 2024 by Prilly’s Mayor, Alain Gillièron. This center is strategically positioned to foster collaboration with research partners at EPFL LASA (Lausanne) and CSEM (Neuchâtel), further strengthening CynLr’s European presence and supporting advanced R&D initiatives. These partnerships are expected to play a key role in CynLr’s goal to innovate within industrial robotics and expand its market reach.

CynLr’s Extensive Supply Chain Management Across 14 Countries

To sustain its ambitious growth plans, CynLr manages a complex supply chain comprising over 400 parts sourced from 14 countries. The company’s expanding supply chain and manufacturing capabilities are aligned with its target of deploying one robot system per day, emphasizing CynLr’s commitment to scaling efficiently. This global supply chain network will be crucial as CynLr moves toward its long-term revenue and deployment goals.

Key Factors Driving Investor Confidence in CynLr

CynLr’s growth trajectory and unique approach to industrial automation have drawn strong investor interest. Key factors contributing to investor confidence include:

• Strong Market Demand for Automation: CynLr’s solutions meet a rising demand for intelligent automation systems that can handle unstructured environments, a growing requirement in industries like manufacturing and logistics.
• Innovative Technology: CyRo’s ability to process complex object interactions with visual recognition capabilities distinguishes it from traditional industrial robots, opening new possibilities in automation.
• Strategic Partnerships and R&D Support: With research collaborations in Switzerland, CynLr is poised to leverage cutting-edge technology to improve its systems and strengthen its global footprint.

By securing Series A funding and ramping up its global operations, CynLr is well-positioned to lead advancements in deeptech robotics, transforming the industrial automation sector with innovative solutions that blend artificial intelligence and robotics.

Conclusion

With $10 million in new funding, CynLr is set to redefine the industrial robotics landscape by scaling operations and expanding globally. The startup’s ambition to build a “Universal Factory” aligns with its vision of a future where intelligent robots can handle complex tasks in unstructured settings, meeting the evolving needs of modern manufacturing.

The Series A investment will accelerate CynLr’s mission of delivering adaptive robotic solutions, positioning the company as a significant player in deeptech robotics. As CynLr scales its workforce, expands its manufacturing capabilities, and strengthens its supply chain, it will likely continue to attract both customer interest and investor support in the years ahead.

For more insights into advancements in robotics and technology-driven manufacturing, explore our latest news on emerging trends and innovation across the deeptech sector.