Tech Company Financing Transactions
Vayu Robotics Funding Round
Khosla Ventures, Lockheed Martin and ReMY Investors and Consultants participated in a $12.7 million Seed funding round for Vayu Robotics. The round was announced by the company on 10/3/2023.
Transaction Overview
Company Name
Announced On
10/3/2023
Transaction Type
Venture Equity
Amount
$12,700,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to scale product development for AI robotics across markets, including last-mile delivery, factory automation and automotive.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
380 Portage Ave
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Undisclosed
Website
Email Address
Overview
The Sanskrit word "vayu" signifies the intelligence that enables all motion in the universe and all movement of energy. Inspired by this concept, Vayu strives to be the intelligence that will enable autonomous mobile robots to move through the world -- the nova system for every moving machine. Vayu Robotics is a team of engineers, technologists and business leaders with decades of industry experience developing and commercializing cutting-edge automotive sensing, autonomous vehicles and robotics technology. Vayu's founders have backgrounds that enable a new "nervous system" approach to robotics that will bring about the next wave of autonomous mobility. Through their diverse experience in autonomous technology development, all three co-founders have seen what works and, in turn, what doesn't. Their combined knowledge of production and operations, hardware and sensors, and machine learning and AI will be the key to democratizing robotics for widespread adoption.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anand Gopalan
Chief Technical Officer
Nitish Srivastava
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