Indian Robotics Startup CynLr Secures $10 Million to Revolutionize Industrial Automation
Robotics company Cybernetics Laboratory (CynLr), an Indian robotics innovator, has raised $10 million in Series A funding to advance its cutting-edge robotics solutions. Led by Pavestone Capital and Athera Venture Partners, the round also saw participation from Speciale Invest, Infoedge’s Redstart, and other existing investors. This brings CynLr’s total funding to $15.2 million.
The company plans to channel the new capital into doubling its workforce from 60 to 120 employees, and establishing teams across India, the United States, and Switzerland. These efforts will support CynLr’s research and software development initiatives, alongside enhanced sales and marketing campaigns to drive adoption of its robotics technology.
Reimagining Manufacturing with ‘Factory-as-a-Product’
CynLr is tackling a persistent robotics challenge: enabling machines to recognize, manipulate, and interact with objects in unstructured environments without extensive pre-programming. Its flagship system, CyRo, is a modular, three-armed robot that incorporates the company’s proprietary vision system, CLX-01, designed to mimic human eyesight.
Using a process called ‘Event Imaging,’ the vision system dynamically perceives object depth and adapts in real-time, even for transparent or reflective materials. Co-founder Gokul NA highlighted the positive reception of CyRo, stating, “Customers are eager to adopt CyRo into their production lines, enabling a transformative vision of a ‘Universal Factory’ capable of producing custom-fit goods profitably, even at low volumes.”
Scaling Manufacturing and R&D
CynLr aims to produce one robotic system per day, projecting $22 million in annual revenue by 2027. This ambitious goal will be supported by a supply chain spanning 14 countries and a significant infrastructure expansion.
The funding will also deepen R&D efforts, particularly in applications like plant-level automation for clients such as General Motors. CynLr’s “Object Store” concept, likened to an app store, will enable customers to instantly configure robots for specific tasks, unlocking unprecedented flexibility in automation.
CynLr recently inaugurated a research facility in Prilly, Switzerland, as part of the Swiss Indian Innovation Week 2024. Located at the Unlimitrust Campus, the center will collaborate with partners to refine robotic vision technology.
Unlocking the Future of Automation
Investors see CynLr’s innovations as game-changing for manufacturing. Sridhar Rampalli of Pavestone Capital highlighted the potential to eliminate minimum order quantity constraints, empowering factories to reconfigure lines effortlessly. Vishesh Rajaram from Speciale Invest noted that CynLr’s technology reduces the high costs of custom automation, making robotic solutions more accessible.
Samir Kumar from Athera Venture Partners emphasized CynLr’s breakthrough in enabling robots to perform intricate tasks like inserting screws with precision, enhancing efficiency and production value for manufacturers.
Disrupting Industrial Automation
CynLr’s vision of creating “Universal Factories” capable of adapting to diverse production needs marks a paradigm shift in industrial automation. By addressing core challenges in object manipulation and customization, the company aims to make robotics more flexible and accessible across industries.
For more information: www.cynlr.com
