Exclusive: WTFund-Backed Deeptech Startup Armatrix To Raise INR 18 Cr 

Deeptech startup Armatrix Automations is raising INR 18.43 Cr (about $2.1 Mn) in its seed round, which will be led by pi Ventures. The round will also see participation from Boost VC, Turbostart, Pharos Capital, gradCapital, among others. 

As per the startup’s MCA filings, it has already raised around INR 4 Cr from Boost VC and Turbostart. 

Armatrix will raise the total amount by issuing 5 equity shares and 4,361 Series Seed 1 CCPS to around 13 investors at a price of INR 42,230 each. pi Ventures Fund II (via trustee Vistra ITCL) will be the biggest investor in the round, infusing INR 8.7 Cr, as per the filings. 

Inuka Capital Fund I, Turbostart Accelerator III LLP, and Boost VC Deep Tech Fund 4, L.P. are infusing INR 2.34 Cr, INR 1.59 Cr, and INR 1.70 Cr, respectively.

The startup will use the capital for product development and to prepare for the pilot launch of its products, a source close to Armatrix told Inc42.

A mail sent to Armatrix on the funding didn’t receive any response till the time of publishing this story.

Founded in 2023 by IIT alumni Vishrant Dave, Ayush Ranjan and Prateesh Awasthi, Armatrix is a deeptech startup building robotic arms for inspection and maintenance in hazardous environments in industries such as aviation, oil and gas, shipbuilding, and defence. The startup is currently building its products and is in the pre-revenue stage.

It aims to enable industries to deploy its robotic solutions for tasks that would otherwise require human labour in high-risk environments. 

Armatrix’s systems integrate advanced algorithms that allow real-time data analysis during inspections, providing immediate feedback and supporting faster, more informed decision-making for maintenance teams. Its robotic arms are designed to detect potential issues early, thereby reducing downtime and improving safety in critical operations.

While Armatrix plans to follow a robot-as-a-service (RaaS) model, it will also sell its robots to industries where IP regulations restrict service-based offerings, the source cited above said.

Earlier, the startup bagged funding from IIT Bombay and Emergent Ventures. Armatrix was also a part of the second cohort of Zerodha cofounder Nikhil Kamath-led WTFund. 

It will operate in the fast-growing Indian automation market. Regulations and safety norms in the country are pushing for robotic alternatives for manual and hazardous labour tasks. The Occupational Safety, Health and Working Conditions Code, 2020 aims to modernise 13 previous labour laws to create safer workplaces and provide hazard-free environments to employees. 

India’s Draft National Strategy on Robotics (2024) also emphasises building a safe, regulated environment for robotic adoption across manufacturing, agriculture, healthcare and security sectors.

Armatrix will compete with global players like OC Robotics (acquired by GE Aviation in 2017), Nimbl’Bot, and HiBot, as well as domestic companies like Domtech Robotics & Automation and IRTI Robotics.