Ati Motors, an autonomous industrial robotics startup, has secured $20 million in a Series B funding round led by Walden Catalyst Ventures and NGP Capital.

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The round also saw participation from existing investors such as True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures.

“With this funding, we want to expand our product portfolio and go deeper into the markets where we are already seeing great traction, such as the US, Mexico, India, Thailand, and Singapore… Also, I think we have the best datasets on the physical AI side from factories, and we want to ensure we’re developing next-generation AI models while delivering excellent value to our customers,” Saurabh Chandra, founder and CEO of Ati Motors told ET.

The Bengaluru-based startup intends to use the new funds to speed up product development and expand into new regions.

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Robots from Ati Motors combine cutting-edge technology, computer vision, and artificial intelligence (AI) to carry out challenging jobs in dynamic settings, especially on manufacturing floors.

“Ati Motors represents the future of industrial automation,” said Shankar Chandran, partner at Walden Catalyst Ventures. “Their unique combination of advanced AI capabilities and robotics, along with a deep understanding of manufacturing environments, positions them perfectly to lead the next wave of industrial automation.

About Ati Motors

Ati Motors, founded by Saurabh Chandra in 2018, focuses on creating autonomous electric vehicles designed for material transportation in industrial settings such as factories and warehouses. Their vehicles cater to both indoor and outdoor environments.

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