logo
Robotics deeptech startup Neuralzome Cybernetic raises $2.4 million

Robotics deeptech startup Neuralzome Cybernetic raises $2.4 million

Economic Times19 hours ago
Bengaluru-based deeptech startup Neuralzome Cybernetic has raised $2.4 million in pre-seed funding to accelerate the deployment of its autonomous robotics solutions across sectors such as precision agriculture, mining, manufacturing, and logistics.
The round was led by 8X Ventures, with participation from Turbostart, Avinya Ventures, Saka Ventures, Appreciate Capital, Astir Ventures, Indian Institute of Management-Ahmedabad's Centre for Innovation Incubation and Entrepreneurship (CIIE), Small Industries Development Bank of India (Sidbi), and Heston Castelino. The funds will be used to scale research and development in multi-agent autonomy and vision-based navigation, ramp up manufacturing, and expand operations in North America and Europe, the startup said in a statement.
'We are developing technologies that break the critical barriers preventing the adoption of robots in real-world applications,' said Mohan Sivam, cofounder of Neuralzome. He added that the startup aims to democratise the use of robots in everyday life.
The startup, founded in 2023, is building teachable, no-code AI agents for real-world autonomy to enable quick robot deployment without requiring in-house robotics expertise. It wants to target the Robot-as-a-Service (RaaS) model for high-value, labour-intensive sectors like orchard management and commercial landscaping. The startup said its core platform, NeuralPilot, integrates with its RedPill simulation environment, which creates photorealistic digital twins to train robots in complex scenarios. This approach aims to drastically cut on-field training time and costs.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Puravankara slips 5% after posting ₹68 crore Q1 loss; check details here
Puravankara slips 5% after posting ₹68 crore Q1 loss; check details here

Business Standard

time5 minutes ago

  • Business Standard

Puravankara slips 5% after posting ₹68 crore Q1 loss; check details here

Shares of Puravankara fell over 5 per cent on Monday after the company posted a loss of ₹68.55 crore in the first quarter of the financial year 2026 (Q1FY26). The real estate company's stock fell as much as 5.45 per cent during the day to ₹252.2 per share, the steepest intraday loss since June 2 this year. The stock pared losses to trade 2.51 per cent lower at ₹259.80 apiece, compared to a 0.33 per cent advance in Nifty 50 as of 12:37 PM. Shares of the company have fallen for the fifth straight session and currently trade at 1 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 32 per cent this year, compared to a 3.3 per cent advance in the benchmark Nifty 50. Puravankara has a total market capitalisation of ₹6,161.15 crore. Puravankara Q1 results Bengaluru-headquartered realtor reported a net loss of ₹68.55 crore in Q1FY26, as compared to a net profit of ₹14.78 crore in the same quarter the previous year, driven by a dip in handovers and sales due to regulatory changes. The company's revenue from operations narrowed to ₹524.4 crore, down 20.3 per cent in the quarter. On a sequential basis, revenue was down 4.44 per cent. In Q1FY26, the company recorded sales of Rs 1,124 crore, up 6 per cent year-on-year, on sales volume of 1.25 million square feet. The average realisation rose 9 per cent to Rs 8,988 per square foot, while collections stood at ₹857 crore. 'Our handovers and sales were less than our expectations due to regulatory changes, including e-Khata and changes in byelaws. However, our team is confident of achieving the scheduled handover and launches,' said Ashish Puravankara, Managing Director, Puravankara. Puravankara management commentary Puravankara noted that while regulatory changes, including the e-Khata process, have impacted handover and revenue recognition timelines, it remains on track to deliver over 4,500 units during the financial year. Of the planned handovers, 3.65 million square feet (3,015 units) have been completed and Occupancy Certificates (OCs) received, and are currently pending e-Khata issuance for final possession handover. In Q1FY26, the company handed over 667 units covering 0.68 million square feet, generating revenue of ₹539 crore. As of 30 June, Puravankara has completed 92 projects measuring approximately 54 million square feet across nine cities, including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa. The company's total land bank is approximately 30 million square feet, and ongoing projects add up to 35.75 million square feet.

Indigenous cotton celebrated in Delhi
Indigenous cotton celebrated in Delhi

Time of India

time13 minutes ago

  • Time of India

Indigenous cotton celebrated in Delhi

The exhibition focused on sustainable production and consumption of textile Delhi wore National Handloom Day with pride, embracing traditional Indian textile at National Crafts Museum. Cotton from around the country found its place at the Ministry of Textile's exhibition. It primarily focused on sustainable production and consumption of textile. Local artisans from around the country had their work represented. Indira Varma from Bengaluru shared about her eco-friendly brand, "The idea is to highlight and do justice to the south of the country through our work." A zero-waste initiative Sustainability in cotton production isn't just about natural processes but also a conscious effort to minimise waste. Jigisha Shukla's Baroda-based brand converts unused fabric into rag dolls and scrunchies. Sonam Khetan, who owns a luxury brand, showcased dresses made from fabric scraps at her studio. Meanwhile, Shubhi Sachan, founder of the Material Library of India, said that upcycling begins only after we've consumed more than we need. She added, "The need of the hour is conscious consumerism." Sustainability in cotton production isn't just about natural processes but also a conscious effort to minimise waste Everything is organic and natural. It's exclusive because it's not available everywhere in the country. The material and stitching techniques are very unique. A visitor Representation through fabric Vasanthi Veluri, who owns a brand in Uttarakhand, showcased hemp as an organic fabric used along with wool. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 25 Best City Breaks in the World Undo She also prioritises sustainability and eco-friendly processes including rainwater harvesting and usage of solar energy to reduce their carbon footprint. Founder of a cotton-forward brand based in Delhi, Drishti Modi said, 'We lay a lot of focus on different varieties of cotton. We're wanting to be a part of these revival movements for indigenous varieties of cotton. We use other fabrics too but primarily, what we use is cotton because we feel if India has to tell its fibre story, it is 100% cotton.' Fibre artist Sanskruti focuses on indigenous Bonpala wool from Sikkim. She designed her jacket using a no-stitch hand felting technique. It was wonderful to see artisans and fabrics from different states all in one place. Akriti, a psychology student visiting the exhibition 'Aiming to make the digital world more human' The exhibition hosted a natural dyeing and hand-painting workshop. The host, Adeep AK, said, 'This is all about spreading awareness about the process of natural dyeing and celebrating its aesthetics.' Meanwhile, a multisensory installation using scent as a bridge allowed people to connect with themselves. 'I'm using the power of scent for people to relive their lost identity, their lost memories – essentially, the regenerative power of scent,' said Yati Sharma, who hosted the sensory experience. She added, 'I'm trying to make this digital world a little more human by integrating different senses.' The exhibition promoted traditional methods of weaving and natural dyes

Shreeji Shipping sets IPO price band at Rs 240-252/ share
Shreeji Shipping sets IPO price band at Rs 240-252/ share

Economic Times

time35 minutes ago

  • Economic Times

Shreeji Shipping sets IPO price band at Rs 240-252/ share

Shreeji Shipping Global Ltd, a provider of shipping and logistics solutions for dry bulk cargo, on Monday announced a price band of Rs 240 to Rs 252 per share for its Rs 411-crore initial public offering (IPO). ADVERTISEMENT The company's maiden public issue would be available for public subscription from August 19 to 21, and the one-day bidding for anchor investors is scheduled for August 18, according to a public announcement made by Shreeji Shipping. Shreeji Shipping Global's IPO is entirely a fresh issue of 1.63 crore equity shares with no offer-for-sale (OFS) component. At the upper-end of the price band, the company is expected to garner Rs 411 crore through the public issue. The company is planning to use Rs 251.2 crore out of the IPO proceeds for acquisition of dry bulk carriers in the supramax category in the secondary market, and Rs 23 crore for repaying debt. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. The flagship company of Jamnagar-based Shreeji Group primarily focuses on non-major ports and jetties, particularly along the west coast of India. ADVERTISEMENT According to a D&B Report, cargo handled at ports in India is expected to grow at an annual rate of 10.80 per cent to 2,849 MMTs by fiscal year 2030, from 1,540 million metric tons (MMTs) in fiscal 2024. Unlock 500+ Stock Recos on App Ports in Gujarat are set to see even faster growth, with cargo expected to rise to 720 MMTs by fiscal 2030, from 317.20 MMTs in fiscal 2024, representing a 17.50 per cent annual growth rate. ADVERTISEMENT India has a long coastline with 12 major ports and 217 minor ports. Among these, 78 non-major ports handle cargo, while others are used for fishing. Beeline Capital Advisors Private Ltd and Elara Capital (India) Private Ltd are the book-running lead managers to Shreeji Shipping's public issue. ADVERTISEMENT Shares of the company are expected to begin trading on the bourses from August 26. So far this year, 44 mainboard companies have launched their IPOs. In addition, two more are lined up -- BlueStone Jewellery and Lifestyle opens its issue on August 11, followed by agro-based firm Regaal Resources on August 12. (You can now subscribe to our ETMarkets WhatsApp channel)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store