Ati Motors, an industrial robotics startup specializing in AI-powered autonomous solutions, has secured $20 million in Series B funding. Led by Walden Catalyst Ventures and NGP Capital, the round also saw participation from existing investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures. This latest investment follows the company’s successful funding rounds, totaling $14.35 million.
Key Takeaways
- Ati Motors’ $20 million Series B funding will fuel the development of its AI-powered robotics technology.
- The company is expanding its global presence with operations in Mexico and a growing presence in North America.
- Ati Motors has demonstrated strong market momentum with significant customer growth and successful deployments.
- Investors are confident in Ati Motors’ ability to lead the next wave of industrial automation.
Fueling Growth and Innovation
Ati Motors plans to utilize this fresh capital to significantly accelerate product development and solidify its market presence in North America and the Asia-Pacific region. The company will leverage its extensive real-world data to refine its advanced AI models and enhance its industrial autonomy platform.
Saurabh Chandra, the visionary founder and CEO of Ati Motors, emphasized the company’s unwavering commitment to designing and deploying robots that revolutionize productivity within manufacturing and other industrial settings. He stated, “This funding will empower us to leverage our vast real-world dataset to develop cutting-edge AI models and further refine our industrial autonomy platform. The rapid growth we’re experiencing validates our strategic focus on manufacturing as a key vertical and our innovative approach of conceptualizing these robots as purpose-built self-driving vehicles.”
Expanding Global Reach
Founded in 2017, Ati Motors has quickly established itself as a key player in the industrial robotics market. With a focus on developing autonomous mobile robots (AMRs) for warehousing, logistics, and manufacturing, the company has gained traction with prominent clients such as Bosch, TVS Motors, CEAT, and Hyundai.
To support its growing global demand, Ati Motors has recently expanded its operations into Mexico and is further expanding its headquarters in Detroit to better serve the North American market. The company also maintains a strong presence in India and Southeast Asia.
Demonstrating Market Momentum
With a remarkable tripling of its order book in the final quarter of 2024 and the addition of nine new industry-leading clients, Ati Motors has undeniably demonstrated strong market momentum. The company has achieved a significant milestone by deploying hundreds of its Sherpa robots across 40 major manufacturers, including industry leaders like Forvia and Hyundai, successfully executing multiple large-scale projects in North America.
Investor Confidence
Shankar Chandran, a partner at Walden Catalyst Ventures, expressed his confidence in Ati Motors, stating, “Ati Motors’ unique blend of advanced AI capabilities, robust robotics technology, and a profound understanding of manufacturing environments positions them perfectly to spearhead the next wave of industrial automation.”
Upal Basu, a partner at NGP Capital, echoed this sentiment, adding, “The company’s remarkable ability to successfully deploy fully autonomous mobile robots across diverse industrial settings, coupled with their rapidly expanding customer base, solidifies their position as a true leader in the dynamic industrial automation space.”
This Series B funding marks a significant milestone for Ati Motors, providing the necessary resources to accelerate its growth trajectory and solidify its position as a leading player in the burgeoning industrial robotics market. With a strong focus on innovation, a commitment to customer success, and a growing global presence, Ati Motors is well-positioned to revolutionize the future of industrial automation.
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