Peer Robotics raises $2.3 million in seed funding from Kalaari Capital

Mobile robotics firm Peer Robotics announced that it has raised $2.3 million in seed funding led by Kalaari Capital, with participation from existing investors- Axilor Ventures, Connecticut Innovations and Innopact VC.

Peer Robotics Is designed to work with humans, mirroring workflows in manufacturing operations on repetitive tasks; saving time, increasing efficiency and reducing injuries, said the firm in a statement. All repetitive, labour-intensive tasks can be handled by a robot, leaving more cognitive tasks to employees, the company said.

“Manufacturers regularly deal with lots of repetitive, labor-intensive tasks that are great candidates for automation,” said Rishabh Agarwal, co-founder and CEO of Peer Robotics. “Small and medium-size companies are struggling with a labor shortage today, not to mention high turn-over. Also,