Bengaluru-based deeptech startup Armatrix has raised Rs 67.28 Cr in a seed funding round led by UK-based Crane Venture Partners, taking its reported valuation to approximately Rs 360 Cr. The latest valuation represents a 4.8 fold increase from its reported pre-seed valuation of Rs 75 Cr.
The funding round also saw participation from existing investors, including pi Ventures, gradCapital, Boundless Ventures and Inuka Capital, alongside new investor NKSquared. The company is expected to raise additional capital in subsequent tranches,
Crane Venture Partners Leads the ₹67.28 Cr Round
Crane Venture Partners led the investment with ₹40 crore, while existing investor pi Ventures contributed ₹15 crore.
Other reported contributions include:
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gradCapital: ₹4.52 crore
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Boundless Ventures: ₹2.5 crore
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Inuka Capital: ₹2.37 crore
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NKSquared: ₹2.37 crore
AL Trust, Saurabh Chandra, Unacademy co-founder Roman Saini and existing investor Narayan Rangarajan also participated, collectively investing around Rs 67 lakh.
The allotment reportedly involved 4,070 compulsory convertible preference shares at an issue price of ₹1,64,900 per share, along with 10 equity shares.
The reported ₹360 crore valuation is an estimate based on the allotment and should not be treated as a separately announced company valuation.
Vishrant Dave and Co-Founders Are Building Robots for Hazardous Industrial Spaces
Founded in 2024 by Vishrant Dave, Prateesh Awasthi and Ayush Ranjan, Armatrix develops snake-like robotic manipulators designed to operate in confined and hazardous industrial environments.
Its robotic systems are being developed for inspection, maintenance and intervention tasks across industries such as shipbuilding, nuclear energy, oil and gas, and aviation. These operations often involve difficult-to-access spaces where sending human workers can increase safety risks and operational costs.
The company's approach combines flexible robotic hardware with AI-driven control and navigation. Its technology is intended to help industrial operators carry out complex maintenance work while reducing the need for personnel to enter dangerous spaces.
Armatrix's official website identifies Bengaluru as its headquarters and confirms its focus on confined-space robotics for heavy industries.
From Pre-Seed to a Higher Valuation Seed Round
Armatrix previously raised $2.1 million in a pre-seed round led by pi Ventures, with participation from Inuka Capital, Boundless Ventures, Boost VC, Turbostart and gradCapital.
The new funding marks a significant step-up in the company's fundraising journey. However, the valuation increase comes while the business is still at an early commercialisation stage.
Armatrix remained pre-revenue in FY26 and reported a net loss of Rs 3.05 Cr, according to the financial details cited in the funding report. The fresh capital is intended for business expansion and general corporate purposes.
For investors, the opportunity lies in whether Armatrix can translate its engineering capabilities into repeatable industrial deployments. In deeptech robotics, moving from prototypes and pilot projects to reliable systems that customers are willing to deploy at scale is a critical commercial milestone.
The next phase will therefore be important not just for product development, but also for demonstrating customer adoption and a viable business model.
