Award · AI & Deep Tech
Armatrix wins Best on Campus at ET Startup Awards
By Startup Enthusiast ·
- 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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