Peer Robotics, a mobile robotics solution designed to work with humans, has raised $2.3 million in funding led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innovations, and Innopact VC, according to a company statement.
The company’s robots learn from humans in real-time allowing people on the shop floor to easily integrate and deploy solutions alongside them with a flexible design, out-of-box deployment, and low maintenance, the company statement said.
The robot technology has been in research and development for the past year at several manufacturing facilities in the US and India.
“Manufacturers regularly deal with many repetitive, labor-intensive tasks that are great candidates for automation. Small and medium-sized companies are struggling with the labor shortage today, not to mention high turnover. Also, many operations are still manual, with employees at a high risk of injuries and fatigue. Solutions to date have been too expensive and complex,” said Rishabh Agarwal, cofounder, and CEO of Peer Robotics.
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