Singapore-based robotics startup Botsync has secured an undisclosed amount in a fresh funding round, the media reported.
The funding round for Botsync was led by Wong Fong Industries, Seeds Capital, Angelhub and Artesian Venture Partners.
According to the startup, it will use the funds to scale its automation solution and support the logistics and manufacturing sector.
The startup helps companies with the automation of their material movement processes with an intelligent fleet of autonomous mobile robots that can transport cargos between 500 and 1,000 kg, thus reducing dependency on manual labour.
The robots are designed to be modular and can be deployed without any dependence on infrastructure-based sensors like QR codes. This allows companies to automate daily material handling processes without stopping their existing operations, claim the founders.
The startup boasts that its solutions can help companies help save 45 percent of their operational costs.
Rahul Nambiar, chief executive and co-founder of Botsync told the media, “This funding support empowers us to scale up the commercialisation of our robotics solution and enhance the features of our automated vehicles for safer and more reliable use.”
“We are now in a strong position to build our technology teams in Singapore and India to meet the growing need for automated solutions. Our aim is to eventually help enterprises all over the world embrace automation,” he added.
Amid the Covid-19 pandemic, Botsync has also started offering free consultation and flexible rental-based deployments as many companies are operating with a reduced workforce.
Established in 2017 by NTU graduates Nikhil Venkatesh, Prashant Trivedi, Singaram Venkatachalam, and Rahul Nambiar, the startup has completed sales contracts across Singapore and India.