CosmicTaco

CynLr Secures $10M to Boost Automation in Manufacturing

CosmicTaco · 2024-11-06T08:06:05.799870+05:30

- Bengaluru-based robotics startup CynLr has raised $10 Mn in a Series A funding round. - The funds will be used to bolster its R&D and software engineering capabilities, and to double its workforce. - The company plans to enhance its core CyRo robotics platform for greater cost efficiency and improved customer experiences. - CynLr aims to expand its manufacturing capacity to deploy one robot system per day and reach the $22 Mn revenue milestone by 2027. - Since its inception, the company has raised a total of $15.2 Mn. Source: [Inc42](https://inc42.com/buzz/cynlr-funding-robotics-startup-automate-manufacturing/)

Bengaluru-based robotics startup CynLr has raised $10 Mn in a Series A funding round.
The funds will be used to bolster its R&D and software engineering capabilities, and to double its workforce.
The company plans to enhance its core CyRo robotics platform for greater cost efficiency and improved customer experiences.
CynLr aims to expand its manufacturing capacity to deploy one robot system per day and reach the $22 Mn revenue milestone by 2027.
Since its inception, the company has raised a total of $15.2 Mn.

Source: Inc42