Robotics start-up Endless Robotics raises $100,000 in seed funding1 min read . Updated: 23 Mar 2016, 01:45 PM IST
The funds will be used by Endless Robotics for product development, hiring talent, training service personnel and piloting their service
Endless Robotics Pvt. Ltd, a start-up that makes products for automating painting in the construction and real estate industries, on Wednesday said it raised $100,000 in pre-series funding from angel investors on deal-making platform Termsheet.io.
The funds will be used by the Hyderabad-based company for product development, hiring talent, training service personnel and piloting their service.
Endless Robotics provides a service that uses robotics to make paint spray technology effective and bring greater efficiency to construction and real estate projects.
“We realised that robots can soon be a very real part of our everyday future by focusing on solving problems related to something as fundamental as building and maintaining modern day homes and offices. In the coming months, we will integrate our products into our services, strengthen our team and increase adoption among customers," said Srikar Reddy, co-founder, Endless Robotics, in a statement.
“Endless Robotics is undertaking the challenging task of building a proprietary hardware+services startup out of India. The business model is uniquely solving an Indian problem—construction labour. It is amongst the first of many Bharat First businesses that will excite institutional investors in the years to come," said angel investor Arun Venkatachalam of the Murugappa family, who is a strategic advisor to Endless Robotics.