Listen to this story
Ottonomy.IO, a deep-tech robotics startup, has raised $3.3 million in its seeding round, pushing its overall capital to $4.9 million. The round, led by pi Ventures, an early-stage venture fund that backs product and technology companies, had other participants such as Connetic Ventures, Branded Hospitality Ventures, and Sangeet Kumar, CEO, Addverb Technologies’.
Founded in 2020 by Ritukar Vijay, Pradyot Korupolu, Ashish Gupta, and Hardik Sharma, it is one of the first robotics companies to develop bots that can navigate autonomously in both indoor and outdoor environments without human assistance. The science behind this innovation is the fusion of data from 3D Lidar and cameras, along with the usage of AI to understand the external world.
The company’s ‘Ottobots’ became one of the world’s first autonomous robots to deliver food, beverage, and travel retail items at airports.
With investors spread across US, India, Singapore, Middle-East, and Europe, the company aims to use the capital to scale production and build capacity, addressing the current pipeline of customers, while also expanding its team size.
The robotics company has been awarded for its successful completion of pilots at the New Lab 5G Studio in New York using Verizon’s 5G networks, making a huge leap in capability to deploy large fleets, along with increasing its footprint across North America, Europe, and the Middle East.