BENGALURU: General Autonomy, a cutting-edge robotics start-up founded by Farid Ahsan and Bhanu Singh, has recently secured $3 million in seed funding. This much-needed funding comes at a time when start-ups are facing challenges in raising capital. Distinguished venture capital firms India Quotient and Elevation Capital have spearheaded the funding round, in addition to the participation of prominent angel investors.
General Autonomy aims to revolutionize the field of industrial automation by developing AI-driven machines designed to streamline labor workflows in factories. The co-founder, Farid Ahsan, expressed his enthusiasm for this ambitious venture, stating, “We are embarking on an exhilarating journey to create robots that will automate the most demanding aspects of industrial labor. Our passion lies in industrial robots as they enable us to efficiently ‘make’ things. With our vision to transform mass manufacturing into an agile and globally distributed process, we are headquartered in Bengaluru but operate on a global scale.”
The robotics market in India is seeing exponential growth, with 57 industrial robotics start-ups currently operating in the country. These include notable companies such as CynLr, Pari Robotics, Systemantics, Qualitas Technologies, and DreamVu, each contributing to the industry’s advancement.
According to a report by Statista, the Indian robotics market is projected to generate a revenue of $810.50 million by 2023. Service robotics, in particular, is predicted to dominate the market, with a projected volume of $582.20 million by 2023. This growth is driven by the rising demand for automation in various industries, including manufacturing and healthcare.
General Autonomy’s innovative approach to industrial automation is poised to redefine the sector and reshape the future of manufacturing. Their AI-driven machines have the potential to revolutionize labor-intensive workflows and enhance productivity on a global scale. As the company progresses on its mission to transform mass manufacturing, the impact of General Autonomy will be felt not only in Bengaluru but across the globe.
What is General Autonomy?
General Autonomy is a robotics start-up founded by Farid Ahsan and Bhanu Singh. They specialize in developing AI-driven machines for industrial automation.
How much funding did General Autonomy receive?
General Autonomy raised $3 million in seed funding, led by venture capital firms India Quotient and Elevation Capital, along with the participation of notable angel investors.
What is the projected revenue of the robotics market in India?
According to Statista, the robotics market in India is expected to generate a revenue of $810.50 million by 2023.
Which segment dominates the robotics market in India?
Service robotics is projected to be the dominant segment in the Indian robotics market, with a volume of $582.20 million by 2023.
Source: [The New Indian Express](https://www.newindianexpress.com/)