Tempo Robotics raises seed funding

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Tempo Robotics’ building robotic helps automate a wide range of wall-finishing duties. | Picture credit score: Tempo Robotics

Bangalore-based Tempo Robotics raised an undisclosed Seed funding from Pidilite Industries Ltd. Pidilite takes an fairness stake of 19.5% within the firm. Tempo Robotics has raised a complete of $70.5K in funding over two rounds. The earlier spherical closed in March 2021.

Tempo plans to make use of this spherical of funding to put money into product growth and increase the core workforce. Based in July 2020 by Ayushmoy Roy and Srinivas Ok Pai, the startup has been engaged on a prototype for a wall-finishing robotic for inner plastering, portray and putty of buildings.

The corporate mentioned the robotic can enhance effectivity and cut back prices of the wall-finishing course of. It has acquired pilot pursuits from a number of  actual property builders and contractors and plans to construct and deploy the first-generation robots in websites for pilots in coming months.

The corporate plans to go to market via channel companions corresponding to sub-contractors, in addition to bigger basic contractors or builders. By leveraging a Robotics as a Service (RaaS) enterprise mannequin, the corporate expects to decrease the chance for adoption of the know-how and fill in any gaps brought on by lack of human labor for the particular building functions. This enterprise design would require a big capital influx for the subsequent couple spherical of funding as the corporate builds out its fleet of machines for subject deployment.

For early market functions corresponding to plastering, portray and puttying, deploying the robots in a RaaS mannequin means Tempo can improve, retrofit and improve the fleet of machines within the subject.

“Help from Pidilite validates the corporate’s imaginative and prescient to disrupt one of many oldest and largest industries on this planet and can assist us speed up product growth and market entry,” mentioned Co-Founder, Srinivas Ok Pai. Incubated by SINE-IIT Bombay, Tempo Robotics additionally has MARL 5G Accelerator and Kochi Holdings as different traders on board.

San Francisco-based Canvas develops a comparable robotic to complete drywall. Its robotic combines a cellular base, robotic arm, a number of finish effectors and pc imaginative and prescient to spray and sand drywall mud. Canvas considers itself a tech-enabled drywall subcontractor, not a robotics firm.

Tempo believes there’s an $11 billion market alternative in India because it outlined within the firm pitch video from its MARL 5G Accelerator program in Spring 2021.