Under the leadership of Inflection Point Ventures (IPV), Chennai-based robotic automation startup Vividobots has raised Rs 1.47 crore in its seed round.
Product development and the expansion of robotic systems designed for high-rise property maintenance will be funded by the sales.
Dhinesh B. (CEO), Velmurugan B. (CPO), and Kesavaraj S. (CTO) founded Vividobots in 2021 with the goal of creating AI-powered robotic systems that automate exterior building maintenance, providing time, cost, and safety advantages over manual techniques.
Vividobots is currently based in Chennai, but it intends to grow into other major cities. When it comes to vertical surface maintenance, its technology allows for up to 70%-time savings, 50% cost savings, and 15% material savings, with applications in cleaning and painting.
The company, which is a member of the Brigade REAP accelerator, was listed by Mahindra LEAP as one of the Top 10 Real Estate Tech Startups in 2023.
Market research indicates that there is a substantial potential for automation in the industry, with the Indian market for these services valued at $4.46 billion (SOM) and the global TAM reaching $1.56 trillion.
