October 16, 2024
Startup Updates

Social Hardware Secures Rs 3.2 Crore in Seed Funding to Boost Innovation in Assistive Technology and Robotics

Social Hardware, a Bengaluru-based startup pioneering assistive devices and advanced robotics, has raised Rs 3.2 crore in a seed funding round.

This round was led by Inflection Point Ventures, with additional backing from Ivyleague Ventures and Soonicorn Ventures. The funding will be pivotal in accelerating the company’s growth, expanding its market reach, and enhancing its research and development capabilities.

Founded by Abhit Kumar, Cameron Norris, and Raghavendran Arunachalam, Social Hardware focuses on creating cutting-edge teleoperated robotic systems designed for high-risk environments. These innovative systems are used across sectors such as manufacturing, defense, infrastructure, and aerospace, helping improve safety and operational efficiency in hazardous settings.

The startup plans to channel the new capital into various growth initiatives, including building a strong marketing and sales team, setting up an advanced R&D center, and boosting in-house manufacturing capabilities. These efforts are part of Social Hardware’s broader strategy to strengthen its research and development, ensuring the continuous innovation of its product lines.

Operating from two locations in Bengaluru—a corporate office in Hebbal and a research facility in Rajajinagar—Social Hardware is steadily scaling its production. Currently, the company has the capacity to produce 12 units for FY 2024-25. With plans to increase this number to 36 units by FY 2026, the startup is positioning itself to achieve a revenue capacity of Rs 24.76 crore.

By driving technological advancements in assistive devices and bionics, Social Hardware is not only contributing to enhanced safety in challenging environments but also expanding its influence in industries that rely on innovation for operational excellence. This latest funding round marks a significant milestone in the company’s journey to revolutionize assistive technology and field robotics.