SaaS big Zoho Corp lately invested INR 20 crores (USD 2.5 million) in AI-powered robotics startup Genrobotics. With this funding, Zoho Corp appears to be like to help the startup on its mission to eradicate guide scavenging in India. The corporate believes that it displays its mission to nurture the event of a deep-tech ecosystem within the nation.
Previous to this, Genrobotics has additionally raised investments from Anand Mahindra, Rajan Anandan, Unicorn Ventures and SEA funds. So far, the corporate has raised complete funding of USD 3 million.
Based in 2017, Trivandrum-based Genrobotics offers higher and safer strategies to the folks working in excessive and unsafe circumstances utilizing robotics and AI. The corporate has developed the world’s first robotic scavenger known as ‘Bandicoot’ and the robot-assisted gait coaching resolution ‘G Gaiter’ for the quickest rehabilitation of paraplegic sufferers.
As a part of the Make in India initiative, Genrobotics merchandise are fully designed and manufactured within the nation. It at present serves clients within the UK, Malaysia, UAE, and South Korea.
Zoho Corp chief Sridhar Vembu stated that constructing such technological competencies and significant know-how regionally might help foster sustainable development throughout sectors, together with industrial manufacturing, healthcare, and power, making the nation economically stronger and self-reliant.
Additional, he stated that making this a actuality requires centered, long-term investments that assist home-grown deep-tech startups via analysis and growth and engineering phases and convey concepts to the market quicker. “We’re glad to fast-track their efforts and assist them of their mission to finish guide scavenging,” he added, commenting on their latest funding in Genrobotics.
Bandicoot
One in every of its flagship choices, Bandicoot, helps clear confined areas comparable to sewers holes, sewer wells, stormwater manholes, oily water sewers and stormwater sewers in refineries. At current, good cities, city native our bodies, refineries, MNCs, townships and housing colonies throughout 14 states are utilizing their robots, eliminating the necessity for human entry into manholes.
Right here’s a fast glimpse of the Bandicoot robotic:
“We now have rehabilitated tons of of individuals working as guide scavengers by coaching them to be robotic operators,” stated Genrobotics’ CEO Vimal Govind MK. He stated for India to finish guide scavenging, multiple lakh robots will probably be required.
As we scale to fill the necessity hole, we estimate the creation of practically five-lakh jobs throughout the nation. The funding from Zoho will assist us to increase our superior R&D infrastructure, construct large-scale manufacturing services, rent extra expertise, enhance our exports to ASEAN markets and increase our international footprints.”
G Gaiter
Genrobotics has lately ventured into healthcare and launched a robot-assisted gait coaching resolution – G Gaiter – to assist rehabilitate paraplegia sufferers.
