Chandran to develop next-generation AI models
Ati Motors, a leader in AI and autonomous robotics, is to expand operations using the US$20 million Series B raised investment which was led by Walden Catalyst Ventures and NGP Capital with participation from current investors including True Ventures, Exfinity Venture Partners, Athera Venture Partners and Blume Ventures.
The funding is to accelerate the development and deployment of its robotic workforce, which leverages one of the largest and most diverse factory datasets for autonomous movement https://www.roboticssummit.com/.
The capital will enable the company Ati Motors autonomous robots have been deployed globally in dynamic and complex manufacturing environments, delivering industry-leading uptime and helping customers achieve exceptional productivity gains https://sbi.com.in/.
The company recently established operations in Mexico and has strengthened its presence across US, India and Southeast Asia, and is currently expanding its North America headquarters in Detroit.
Saurabh Chandra, Founder and CEO of Ati Motors, said on 23 Jan, “This funding will accelerate our ability to leverage our extensive real-world dataset to develop next-generation AI models and further advance our industrial autonomy platform.
“The rapid growth we’re experiencing validates our approach of focusing on manufacturing as a vertical and conceptualising these robots as purpose-built self-driving vehicles.”
Ati Motors expertise in robotics, artificial intelligence, and manufacturing, is revolutionizing how the industrial sector approaches automation. It has deployed hundreds of its Sherpa robots across 40 leading manufacturers (30% Fortune 500), including Forvia and Hyundai with multiple scaled deployments in North America.
“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.
“The impressive growth they’ve achieved validates their approach and demonstrates the strong market demand for their solutions,” Chandran said.
“We’re excited to co-lead this investment in Ati Motors,” said Upal Basu at NGP Capital. “The company’s ability to successfully deploy fully autonomous mobile robots across diverse industrial environments, combined with their rapidly growing customer base, makes them a standout in the industrial automation space .
“We believe their unique approach to combining Edge AI, LIDAR, and robotics will help address a critical need in the manufacturing sector.”
The funding will be used to accelerate product development, expand Ati Motors market presence both in North America and APAC, and strengthen its position as a leading provider of industrial automation solutions at the intersection of AI and robotics. Fiinews.com
