APN News

  • Sunday, July, 2024| Today's Market | Current Time: 03:51:56
  • Botsync Successfully Raises Pre-Series A Funding, Bringing Total Funding To Usd 3.2 Million, To Accelerate Regional Team Growth And Enhance Product Features

    Published on July 21, 2022

    SINGAPORE  – Botsync, a Singapore-based manufacturer of heavy-duty, intelligent,  industrial autonomous mobile robot (AMR) solutions, has successfully raised US$3.2 million to date with its latest pre-Series A funding round. The funds will be used to scale the company’s automation  solution offerings and support the growing demand for automation across existing factories and  warehouses. Notable investors in this round include Wong Fong Engineering, Seeds Capital, Angel  Central, VentureCatalysts, Amit Pachisia, ZB Capital, Iterative, Locus Ventures, Nalin Advani and Roger  Crook with Wong Fong Engineering and Seeds Capital as returning investors.

    “This funding is a testament to our investors’ confidence in our mission to provide adaptive and  accessible autonomous mobile robot solutions. We are excited to expand our teams in Singapore and  India, scale our commercialisation strategy and enhance the features of our AMRs to improve the  product experience for our customers. We are now primed to build strong partnerships with our  customers and offer tailor-made solutions that can be implemented flexibly across Asia,” said Rahul  Nambiar, CEO and Co-Founder of Botsync.

    MAG AMR 

    MAG AMR is Botsync’s flagship product which is a key part of their automation solution. It will be  deployed more actively across Asia over the next two years with a focus on Singapore, Malaysia and  India.

    “One of the key benefits we offer is the efficiency of deploying our automation solutions. With MAG  AMRs and our software platform, syncOS, the solution can be deployed across existing sites within  days instead of months. This deep learning-based mapping approach is more cost-efficient and  reduces the overall deployment time for companies to automate their goods movement and/or  production processes,” said Rahul.

    Powered by a deep learning engine, Botsync’s in-house MAG AMRs (autonomous mobile robots) are  designed to be easily deployed across existing manufacturing and warehousing sites by creating a one time map of the operating site. Utilising the base map and multiple integrated sensors, MAG AMR can  autonomously navigate across the operating site to transfer loads of up to 1500 kg with compliance  to international safety standards for autonomous vehicles. The MAG comes in two variants, MAG300  and MAG1000, its modular architecture of MAG AMRs allows it to easily fit into various types of load  requirements across different industry operations. 

    Automating the Future

    In addition to further deploying its flagship product, Botsync will also enhance its no code automation  platform, syncOS and further improve on features that could add value to its customers’ daily  operations across all its solutions and partnerships.

    “Automation is the catalyst needed to give companies the edge to stay competitive globally and to be  ahead of the innovation curve. Wong Fong envisages that Botsync will be able to effectively harness  robotics and artificial intelligence technology to pioneer automated solutions and scale its operations  and offerings in Asia and beyond,” said Jack Wong, Group CFO, Wong Fong Engineering.

    “The warehousing space is growing at tremendous speed and Botsync has found an appropriate niche  targeting manufacturing companies rather than e-commerce. The need for innovation in the sector is  high and the company has done a great job helping close that gap. We are confident that Botsync will play a significant role is solving India’s logistical and storage challenges as we continue to grow as an  automotive and textile hub for the world,” said Aditya Mody, Venture Partner, Venture Catalysts.

    Botsync was founded in 2017 by graduates from Singapore’s Nanyang Technological University: Nikhil  Venkatesh, Chief Technology Officer; Prashant Trivedi, Chief Commercial Officer; Singaram  Venkatachalam, Chief Operating Officer; and Rahul Nambiar, Chief Executive Officer. To date, Botsync  has deployed MAG AMR automation solutions for industry-leading manufacturers across various  industries such as car manufacturing, heavy vehicle production, paper-based consumer products,  textiles and apparel, as well as for third-party logistics providers across India, Singapore, Thailand and  Malaysia.

    The company’s team grew from 15 to 30 employees in the last 18 months. During that period, it also  expanded its business in India, having moved to a 15,000 square feet office facility in Bangalore to  support product manufacturing and testing – in addition to setting up a dedicated sales and project  team in the country. Botsync also established a Board of Advisors comprising thought leaders in the  logistics, manufacturing, robotics and startup sectors to guide the company through its technical  development and business strategies.


    Leave a Reply