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Award · AI & Deep Tech

Armatrix wins Best on Campus at ET Startup Awards

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Date
Company
Armatrix
What it does
Robotic arms for industrial maintenance
Kind
Award
Amount
Rs 18.42 crore
Stage
seed
Based in
Kanpur
Founded
2024
Sector
AI & Deep Tech

What they do

Armatrix develops snake-like robotic arms designed to navigate and perform maintenance tasks within confined industrial spaces

What happened

The startup secured Rs 18.42 crore in funding from multiple investors and won the Best on Campus award

Why it matters

The company uses machine learning for autonomy and targets high-risk sectors like shipbuilding, oil and gas, and nuclear energy

The details

  • Armatrix won the Best on Campus award at the 2026 ET Startup Awards.
  • The company raised Rs 18.42 crore from eight investors.
  • The startup builds robotic arms that navigate confined spaces to perform industrial inspections.
  • Future product versions will support welding, coating, and general maintenance tasks.
  • The firm is currently running paid pilots with various industrial customers.
  • The technology uses machine learning for autonomous control in complex environments.

The bigger picture

  • The jury highlighted the company's clear industrial use case and the founders' ability to build complex robotics.
  • Confined spaces account for 36% of industrial fatalities, creating a strong demand for remote inspection tools.
  • The global robotics maintenance market is projected to reach $150 billion by 2032.

About the business

  • The company designs snake-like robots that enter industrial assets through small access points like manholes.
  • The arms are externally actuated, meaning no motors or electronics are inside the arm body for durability.
  • Modular end-effectors allow the same robot to perform inspection, welding, or coating tasks.
  • The system provides 24-DoF (degrees of freedom) control using reinforcement learning.
  • Target industries include shipbuilding, aerospace, oil and gas, and nuclear energy.
  • Approximately 53% of maintenance tasks in heavy industry occur in confined spaces.

The deal

Type
funding

Investors

  • Pi Ventures (participated) — Institutional investor.
  • GradCapital (participated) — Institutional investor.
  • Boundless Ventures (participated) — Institutional investor.
  • Inuka Capital (participated) — Institutional investor.
  • Boost VC (participated) — Institutional investor.
  • Turbostart (participated) — Institutional investor.
  • WTF Fund (participated) — Institutional investor.
  • Emergent Ventures (participated) — Institutional investor.

Founders

  • Vishrant Dave, CEO
  • Prateesh Awasthi, Founder
  • Ayush Ranjan, Founder

About Armatrix

Product
Snake-like hyper-redundant robotic manipulators for hazardous and confined industrial environments
Customers
Industrial operators in shipbuilding, nuclear, oil & gas, and aviation sectors
How it makes money
B2B sale of specialized industrial robotics and inspection equipment
What sets it apart
Proprietary flexible robotic technology for confined spaces where traditional robots cannot operate

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