DeepTech startup CynLr raises $4.5Mn

This pre-series A round was led by Speciale Invest and growX Ventures. Eminent institutional investors including Anicut Capital, Infoedge, Java Capital, Venture Catalysts and Arali Ventures also participated in this round.

DeepTech startup, CynLr, has raised $4.5 million in funding. 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.

Today, every industry that deals with physical parts and objects is choked by the need for machines that are ‘tailor-made’ to the dimensions of objects. This inability in adapting to variations has stunted the Robot Automation market to just $48 billion, while Global Manufacturing alone is a $12.8 trillion industry. Nikhil Ramaswamy and Gokul NA launched CynLr in 2019 to simplify and eliminate this need for tailored-machines to handle objects - from Manufacturing to Warehousing & Logistics to even Industrial Kitchens.

The Visual-Robot Platform eliminates the painful trap of machinery customization that Manufacturing - from Electronics to Automotive to Consumer as well as Warehouses - endure today. CynLr envisions its Visual-Robots or Object Computers to ‘simplify’ manufacturing, just as the computers simplified data processing.

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.” says Nikhil Ramaswamy, Co-founder & 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 & 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 $48B robotic-arm market to over $200B. 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.”

Prior to this round, CynLr had secured seed funding of about USD 775K in 2019, led by Speciale Invest & co-led by Arali Ventures, and this round of funding brings the total funding raised by the company to USD 5.25M.