Deeptech robotics startup Armatrix in talks to raise $15 million from Crane Venture Partners

Deeptech robotics startup Armatrix in talks to raise $15 million from Crane Venture Partners

Bengaluru-based deeptech robotics startup Armatrix is in talks to raise around $15 million in a fresh funding round led by UK-based Crane Venture Partners, according to people familiar with the matter.

The discussions are ongoing and the terms of the transaction could still change, the sources said.

The fundraising talks come just months after Armatrix raised a $2.1 million pre-seed round in February led by pi Ventures, with participation from Inuka Capital, Boundless Ventures, Boost VC, Turbostart and gradCapital.

Armatrix and Crane Venture Partners did not respond to queries sent by Moneycontrol.

Founded in 2024 by IIT Kanpur graduates Vishrant Dave, Prateesh Awasthi and Ayush Ranjan, Armatrix builds hyper-redundant robotic manipulators designed to operate in hazardous and confined industrial environments.

The startup's snake-like robotic arms are aimed at industries such as oil and gas, nuclear energy, shipbuilding and aviation, where inspection and maintenance work often requires human intervention in difficult-to-access spaces.

The company develops robotic systems capable of navigating complex industrial structures while carrying out inspection, maintenance and intervention tasks. Its technology combines flexible robotic hardware with artificial intelligence-driven navigation and modular tooling systems.

A successful $15 million round would represent a significant step-up from the company's previous financing and provide additional capital to accelerate product development, commercial deployments and expansion of its engineering team.

The development comes amid growing investor interest in India's deeptech ecosystem, particularly early-stage startups building proprietary hardware, robotics and industrial automation technologies. Investors have increasingly backed specialised technologies with applications across manufacturing, energy, defence and infrastructure sectors.

According to data from market research firm Venture Intelligence, early-stage AI startups raised $459 million in funding across 82 deals between January and May this year, up 62 percent from $283 million across 63 deals during the same period last year.

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Find the best of Al News in one place, specially curated for you every weekend.

Stay on top of the latest tech trends and biggest startup news.