Key Venture Partners
Assembly Line
CynLr cements $10M in Series A funding led by Key Venture Partners to drive robotic automation in manufacturing
CynLr has raised $10 million in Series A funding to enhance its advanced robotics solutions. The investment was led by Pavestone and Athera Venture Partners (formerly Inventus India), with contributions from existing backers Speciale Invest, Infoedge’s Redstart, and others.
This latest round brings CynLr’s total funding to $15.2 million. The capital will be allocated toward expanding the company’s supply chain network and increasing the workforce from 60 to 120 members, with additional teams in India, the US, and Switzerland. CynLr aims to bolster its research and software development capabilities, as well as its sales and marketing efforts to drive broader adoption of its robotics technology.
CynLr is working on a technological solution that aims to resolve a long-standing issue in robotics: the challenge of enabling robots to recognize, manipulate, and interact with objects in unstructured environments without extensive pre-programming. The company’s CyRo system—a three-armed, modular robot—uses a proprietary vision system called CLX-01, which functions similarly to human eyesight.
This system can perceive object depth dynamically, even for transparent or reflective objects, by employing real-time motion and convergence through dual lenses. This technology, known as “Event Imaging,” enables CyRo to function with high precision under various lighting conditions.