Peer Robotics raises $2.3 million in funding led by Kalaari Capital

Peer Robotics, a mobile robotics solution designed to work with humans, has raised $2.3 million in funding led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innovations and Innopact VC, according to a company statement.

“Manufacturers regularly deal with lots of repetitive, labor-intensive tasks that are great candidates for automation. Small and medium-sized companies are struggling with the labuor shortage today, not to mention high turn-over. Also, many operations are still manual with employees operating at a high risk of injuries and fatigue. Solutions to date have been too expensive and complex,” said Rishabh Agarwal, cofounder, and CEO of Peer Robotics.

The company’s robots learn from humans in real-time allowing people on the shop floor to easily integrate and deploy solutions alongside them with a flexible design, out of box deployment and low maintenance, a company statement said.


Peer Robotics is part of Stanley+Techstars Accelerator programme portfolio.

The robot technology has been in research and development for the past year at several manufacturing facilities in the US and India.

“Cyber physical systems are ushering a new era where collaborative robots with contextual intelligence, low implementation time, and negligible integration cost will lead industrialization in every sector.” said Ravinder Pal Singh, Partner, Kalaari Capital.