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Ati Motors, a Bangalore-based AI and autonomous robotics company, has successfully raised $20 million in a Series B funding round. This investment, led by Walden Catalyst Ventures and NGP Capital, brings the company's total funding to over $37 million, following a previous Series A round of $10.85 million in 2023. The funds will be utilized to expand their product offerings and enhance global market penetration.
The company specializes in automation solutions inspired by self-driving technology, including tugs and pallet movers. With plans to scale robot deployment significantly, Ati Motors aims to improve software management for its growing fleet, recently adopted by a major European truck manufacturer. The expansion strategy includes enhancing operations in North America and Asia-Pacific, capitalizing on the shifting manufacturing landscape.
• Ati Motors raised $20 million to enhance AI robotics capabilities.
• The company aims to scale robot deployment significantly in the next two years.
Autonomous robotics refers to robots that can perform tasks without human intervention, as seen in Ati Motors' products.
AI fleet management software optimizes the operation of multiple robots, which is crucial for managing diverse robotic fleets.
Ati Motors focuses on AI-driven automation solutions, enhancing efficiency in manufacturing environments.
Walden Catalyst Ventures invests in innovative technology companies, supporting Ati Motors' growth in the robotics sector.
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