Cloud-connected robot developer Rapyuta has secured $10m in a series A round led by existing investor SBI Holdings.
Rapyuta Robotics, an India-based developer of cloud-connected machines, raised $10m yesterday in a series A round led by SBI Investment, a venture capital subsidiary of financial services group SBI Holdings.
Founded in 2014, Rapyuta is working on cloud-connected autonomous robots and is beginning with the development of multi-robotic systems for the security sector. It was spun out of research conducted at university ETH Zurich in Switzerland.
Rapyuta will use the brunt of the series A capital to grow its engineering…
