Thursday, November 21, 2024
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Social Hardware Secures Rs 3.2 Crore in Seed Funding

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Social Hardware, a startup focused on designing assistive devices, robotics, and bionics, has successfully raised Rs 3.2 crore in a seed funding round. The investment was led by Inflection Point Ventures, with co-investors Ivyleague Ventures and Soonicorn Ventures also participating. The funding will be used to drive the company’s growth initiatives, enhance its go-to-market strategies, and expand its research and manufacturing capabilities.

Growth Plans and Expansion

With the new funds, Social Hardware plans to invest in building a strong marketing and sales team, expanding its in-house manufacturing, and establishing an advanced R&D facility. Their goal is to strengthen research efforts and increase production to meet future demand. Currently, they can produce 12 robotic units annually, which they aim to triple by FY 2025-26, targeting a revenue capacity of Rs 24.76 crore.

Social Hardware specializes in teleoperated robotic systems, which allow workers to control robots remotely in high-risk environments. These systems are designed for industries such as manufacturing, defense, aerospace, and infrastructure. By offering safer alternatives for hazardous operations, Social Hardware’s technology improves safety and efficiency. Workers can manage dangerous tasks without being physically present, minimizing risks while maintaining operational productivity.

We have worked to make industries more efficient and safe with cutting-edge technology like augmented reality and gesture-based controls.

Abhit Kumar, CEO, Social Hardware

Founders Behind Social Hardware

The company was co-founded by Abhit Kumar, Cameron Norris, and Raghavendran Arunachalam. Abhit Kumar, the CEO, has a background in biomedical and instrumentation engineering, and leads the development of innovative robotic systems and assistive devices. Cameron Norris, with expertise in social digital marketing, helped grow Wevolver, a global open-source platform. Raghavendran Arunachalam, the CTO, brings extensive experience in electrical engineering and defense-grade product development, driving the technical side of Social Hardware’s products.

Vision for the Future

Abhit Kumar highlighted the importance of their innovation: “Our teleoperated robots are designed to reduce the need for direct human involvement in dangerous environments, allowing workers to stay safe while still applying their expertise. Over the last two years, we have worked to make industries more efficient and safe with cutting-edge technology like augmented reality and gesture-based controls.”

Vikram Ramasubramanian, Partner at Inflection Point Ventures, believes that Social Hardware’s technology will revolutionize industries like defense and manufacturing. “Their robots provide safer alternatives in sectors where human intervention is still required for hazardous tasks,” he said. Social Hardware is poised to make a positive impact by creating safer, more efficient workplaces.

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