Tech Company Financing Transactions
Ati Motors Funding Round
Ati Motors, based in Milpitas, raised $10.9 million from True Ventures, Athera Venture Partners and Blume Ventures.
Transaction Overview
Company Name
Announced On
7/24/2023
Transaction Type
Venture Equity
Amount
$10,850,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand into markets in the US, South East Asia, Japan, and Europe while exploring untapped opportunities across pharmaceuticals, chemicals, maritime, and injection molding sectors, as well as to continue to invest in research and development to launch new products and capabilities in the market.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
691s. Milpitas Blvd, Suite #217
Milpitas, CA 95035
USA
Milpitas, CA 95035
USA
Phone
Undisclosed
Website
Email Address
Overview
Ati Motors has assembled an interdisciplinary team of engineers across machine learning/AI, power electronics, control systems, mechanical engineering, system software and electronics and manufacturing at their headquarters in Bangalore, India, with a sales office in California. The team, now 50 strong, is focused on a hands-on, practical approach to robotics, building products that have been deployed in the real world, in factories and warehouses. The company takes pride in designing robots that fit into existing infrastructures, indoors and outdoors, with robust mechanical systems, reliable electronics and advanced automation software.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Saurabh Chandra
Chief Technical Officer
Naveen Aruslelvan
VP - Marketing
Dominic Bescky
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