Rapyuta Robotics reconnects to SBI for $10m

Sep 6, 2016 •

Rapyuta, a cloud-connected robot developer spun out of ETH Zurich, 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 on Monday in a series A round led by SBI investments, 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 ETH Zurich.

Rapyuta will use the brunt of the series A capital to grow its engineering team in…

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