Invento Makerspaces has recently raised ₹2cr in seed funding from Pune-based VC firm Windrose Capital and Mumbai-based ITI Growth Fund.
Invento Makerspace is the maker of Mitra Robot which greeted Prime Minister Narendra Modi and Ivanka Trump at the Global Entrepreneurship Summit 2017 held in Hyderabad. Currently, Mitra is being used by companies such as HDFC, Accenture, Suzuki, Morris Garages, General Motors, Zomato, and PVR.
The company’s flagship product Mitra is a humanoid robot that helps various brands improve their physical experience and access with customers. It is capable of obstacle detection and seamless autonomous movement, along with speech understanding in Asian languages like Sinhalese, Tamil, and Hindi. The company is also planning to launch its different variants of the robot for applications in different industries.
It is well understood that the funds will be used for Research & Development in building and innovating new robot variants for new industries and verticals.
Invento Makerspaces was founded by Balaji Viswanathan in Bengaluru in 2016 along with two co-founders with experience in robotics.
Co-founder Balaji Viswanathan said that even in the initial conversations, the investors showed a deeper understanding of our business and were providing specific recommendations on scaling up.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.