Get All Access for $5/mo

Capital 2B and Betatron Fuel Botsync with USD 5.2 Mn Series A Investment With the raised funds, the Singapore-based company aims to advance customer support, streamline platform onboarding, and accelerate product development.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Rahul Nambiar, co-founder and CEO of Botsync/LinkedIn

Autonomous robotics startup Botsync has announced the raising of USD 5.2 million in a Series A round led by Capital 2B and Betatron Venture Group. IvyCap Ventures Advisors Private Limited, AppWorks, Iterative, Wong Fong, ZB Capital, Nalin Advani, and Ascend Angels also participated in the round.

The funds will be used by the business to advance customer support, streamline platform onboarding, and accelerate product development.

"As automation drives manufacturing efficiency, the market is ripe for Industry 5.0 transition and the adoption of robotics solutions. Enabling easy integration of new-age robotics with legacy systems and providing a common orchestration layer to manage existing machines from different vendors will accelerate mass adoption. We believe in Botsync's vision of empowering factory-level automations through hardware and software innovations," said Amit Behl, Partner, Capital 2B.

Launched in October 2019 by Rahul Nambiar, Nikhil Venkatesh, Prashant Trivedi, and Singaram Venkatachalam, Botsync enables companies to use automated solutions for their manufacturing operations.

With the help of system-agnostic no-code integration solutions (syncOS) and autonomous mobile robots (MAG Mobile Robots), the company helps businesses integrate cross-platform operations from different automation systems on a single platform.

The Singapore-based company offers a pre-built interface with major robotic and automation technologies through its flagship syncOS Integrator platform, which integrates diverse automation systems. This eliminates the need for users to write integration code in order to connect various robotic systems.

Pallet trucks, trolleys, forklifts, and other equipment are replaced with its MAG Mobile Robots, which automate intralogistics processes and do away with manual labor.

Rahul Nambiar, co-founder and CEO of Botsync, said, "As former robotic hardware vendors ourselves, we intimately understand the integration challenges that modern manufacturers face. Botsync eliminates fragmentation across manufacturing processes, simplifying the adoption of robotic systems for both our customers and network of automation partners."

"The agnostic and intuitive nature of our integration platform to connect both modern and legacy robotic systems together, coupled with our deep knowledge of installing and servicing robotic projects across Asia puts us in a unique position for success," he added.

Ford Motors, Caterpillar, Nestle, Coca-Cola, and Kimberly Clark are just a few of the automotive OEMs, FMCG, food and beverage, and pharmaceutical companies it serves.

Botsync currently has a major sales and operations presence in Singapore, India, Thailand, and Indonesia. Botsync plans to expand deeper into Southeast Asia and India, as well as enter Australia and the Middle Eastern markets.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

Indigrid Technology and Hour4u Raise Early-Stage Funding

Here are the Indian startups that announced early-stage funding rounds.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Starting a Business

I Left the Corporate World to Start a Chicken Coop Business — Here Are 3 Valuable Lessons I Learned Along the Way

Board meetings were traded for barnyards as a thriving new venture hatched.

Business News

Joey Chestnut Is Going From Nathan's to Netflix for a Competition 15 Years in the Making

Chestnut was banned from this year's Nathan's Hot Dog Eating Contest due to a "rival" contract. Now, he'll compete in a Netflix special instead.

Health & Wellness

Get a Year of Unlimited Yoga Class Downloads for Only $23 Through June 17

Regular exercise has been proven to increase energy and focus, both of which are valuable to entrepreneurs and well-known benefits of yoga.

Business Culture

Why Remote Work Policies Are Good For the Environment

Remote work policies are crucial for ESG guidelines. Embracing remote work can positively impact your business and employees.