CynLr, formally known as Cybernetics Laboratory, is a Bengaluru-based deep-tech startup specializing in visual object intelligence for robotics and cybernetics. Founded in 2019 by Nikhil Ramaswamy and Gokul NA, CynLr's primary focus is on enabling industrial robotic arms to perceive and manipulate objects in unstructured environments without prior training. This technological innovation seeks to bridge the gap in industrial automation by replicating human-like object handling capabilities in robots. As of 2024, CynLr has raised a total of $15.2 million, including a recent $10 million Series A funding round, and is expanding its operations internationally.
| Attribute | Information |
|---|---|
| Founding Date | 2019 |
| Headquarters | Bengaluru, India |
| Founders | Nikhil Ramaswamy, Gokul NA |
| Revenue | $2 million (projected for 2024) |
| Key Investors | Pavestone, Athera Venture Partners, Speciale Invest, growX Ventures |
| Industry | Robotics and Automation |
| Number of Employees | 120 (as of 2024) |
CynLr was founded in 2019 with the vision of transforming industrial robots by enhancing their perception capabilities, enabling them to interact with objects as humans do. The founders, Nikhil Ramaswamy and Gokul NA, leveraged their experience in automation and robotics from their previous tenure at National Instruments. The company quickly caught the attention of investors, managing to raise initial seed funding which catalyzed their growth. By 2022, CynLr had expanded its team and capabilities, setting up a state-of-the-art research center in Bengaluru known as Cybernetics H.I.V.E. This pace of innovation set the stage for CynLr's entry into international markets and laid the foundation for its recent advancements.
CynLr has positioned itself as a leader in visual object intelligence within the robotics space. Its business model revolves around providing platforms that enhance the versatility of industrial robots, allowing them to handle a vast range of objects without needing extensive customization or training.
As of 2024, CynLr is a prominent player in the robotics and cybernetics industry, recognized for its innovative approach to visual object intelligence. The company's technology is on the cusp of revolutionizing manufacturing automation by allowing robots to learn and adapt to new tasks on the fly. CynLr's expansion into Switzerland and collaboration with global partners underscore its commitment to scaling operations and enhancing its market presence. The firm's focus on developing an "Object Store" for robotics speaks to its vision of standardizing robotic application development, akin to app stores in the software industry.
CynLr is poised to make significant strides in the robotics industry with its pioneering visual object intelligence technologies. By enabling robots to interact with environments as humans do, the company is addressing long-standing challenges in automation. With international expansions, strategic funding, and continuous innovation, CynLr is well-positioned to impact the global robotics market, potentially leading a shift towards universal factories where automation is intuitive and adaptable. The company's future trajectory looks promising as it continues to refine its technology and broaden its operational horizons.