VC Fund Investments
Peer Robotics raises $2.3-M from Kalaari Capital, Axilor, others
New Delhi-based Peer Robotics, which offers mobile robotics solutions for manufacturers, has raised USD 2.3 million in seed funding led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innovations and Innopact VC. Founded by Rishabh Agarwal, Peer Robotics is part of Stanley+Techstars Accelerator program portfolio. The robot technology mirrors workflows in manufacturing operations on repetitive tasks saving time, increasing efficiencies, and reducing injuries. The company's robots learn from humans in real-time allowing people on the shop floor to easily integrate and deploy solutions.
From the Venture Intelligence PE-VC Deal Database: In Dec-2020, Peer had raised less than INR 50 lakhs from Axilor. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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