Physical AI startup Mowito raises $3 M Pre-seed funding from Version One Ventures

With participation from All In Capital, Unisol, iSeed, and angel investors Soumith Chintala, Adarsh Kulkarni, Ashish Kulkarni, and Vaibhav Domkundwar of Better Capital, physical AI startup Mowito has raised $3 million in a pre-seed investment round led by Version One Ventures.

The business had previously raised $540K from angel investors.

According to a news statement from Mowito, the money raised will be used to grow into the United States, bolster its engineering and go-to-market teams, and scale installations across automakers and electronics manufacturers.

Puru Rastogi, Adityanag Nagesh, and Safar V co-founded Mowito in 2024 to create physical AI foundation models for industrial robot arms. Manufacturers may implement automation more quickly while utilizing current robotic hardware thanks to its software, which lets robots learn manufacturing tasks directly from demonstrations rather than traditional scripting.

Rigid programming, which can take days to configure and frequently needs to be rebuilt if a product, procedure, or component changes, is the norm for industrial robots. In order to eliminate the need for conventional programming while preserving the accuracy necessary for manufacturing applications, Mowito is creating physical AI models that allow robots to learn directly from task demonstrations.

The Bengaluru-based startup claims that its technology is already being used in real-world settings. Robots working on production lines at a Fortune 500 automaker are powered by its software, which supports high precision assembly applications in the consumer electronics and automotive industries.

In the fields of industrial automation and machine vision, Mowito faces competition from firms like Cognex, Keyence, Omron, and Fanuc.