Speciale Invest, Arali Ventures lead seed funding in robotics startup CynLr
Summary
CynLr was founded in 2015 by Gokul N A and Nikhil Ramaswamy, who were colleagues at test and automation company National Instruments. “We believe that CynLr’s approach of bringing together machine vision and artificial intelligence (AI) will significantly enhance object intelligence for industrial robots, thus paving the way for greater penetration of robotics application across various industry segments," said Rajiv Raghunandan, managing partner, Arali Ventures. Speciale Invest is a $15 million seed-stage fund started in 2017 by Travel Yari co-founder Arjun Rao and former Ventureast principal Vishesh Rajaram. Ltd, a VR and AR platform, and Frontdesk AI, a startup which offers automated customer service software. Arali Ventures had marked the first close of its debut seed fund last year, VCCircle reported.