Funding
Armatrix Automations Raises Rs 67.28 Crore Seed Round at Rs 360 Crore Valuation
By News Desk ·
Key takeaways
- Armatrix Automations raised Rs 67.28 crore in a seed round led by Crane Venture Partners, which invested Rs 40 crore.
- Entrackr estimates the seed round values Armatrix at Rs 360 crore, up 4.8X from Rs 75 crore in its pre-seed round.
- Existing investor pi Ventures put in Rs 15 crore, and NKSquared joined the round with Rs 2.37 crore.
- Armatrix plans to use the proceeds for business expansion and general corporate purposes.
Armatrix Automations has raised Rs 67.28 crore in a seed round led by UK-based Crane Venture Partners, with participation from new and existing investors. Entrackr reported the round, citing regulatory filings, and estimated the valuation at Rs 360 crore, a 4.8X increase from the pre-seed round.
Crane Venture Partners Leads Armatrix Seed Round
Crane Venture Partners invested Rs 40 crore to lead the round. Existing investor Pi Ventures infused Rs 15 crore, followed by gradCapital with Rs 4.52 crore, Boundless Ventures with Rs 2.5 crore and Inuka Capital with Rs 2.37 crore. NKSquared also joined with Rs 2.37 crore, marking its entry into the company.
AL Trust, Saurabh Chandra, Unacademy co-founder Roman Saini and existing investor Narayan Rangarajan collectively invested Rs 67 lakh. According to the filings, Armatrix allotted 4,070 compulsory convertible preference shares at an issue price of Rs 1,64,900 per share, along with 10 equity shares. Entrackr said the round appears to be ongoing, with the Delhi-based company likely to raise more capital in subsequent tranches.
Armatrix was founded in 2024 by Vishrant Dave, Prateesh Awasthi and Ayush Ranjan. The company develops snake-like robotic manipulators for operations in hazardous and confined industrial spaces, designed for inspection and maintenance across shipbuilding, nuclear energy, oil and gas, and aviation. Armatrix plans to use the fresh proceeds for business expansion and general corporate purposes. The company remained at the pre-revenue stage in FY26 and reported a net loss of Rs 3.05 crore.
Armatrix's Earlier Funding and Product Moves
According to akta.pro company records, Armatrix closed a $2.1 million pre-seed round in February 2026 led by Pi Ventures, with participation from Inuka Capital, Boundless Ventures, Boost VC, Turbostart and gradCapital. The same records show an initial $40,000 from gradCapital in 2025 and a $23,087 grant led by WTFund in February 2025.
| Round | Date | Amount | Lead investor |
|---|---|---|---|
| Grant | February 2025 | $23,087 | WTFund |
| Pre-seed | February 2026 | $2.1 million | Pi Ventures |
| Seed | November 2026 | Rs 67.28 crore | Crane Venture Partners |
The records also list a robot-as-a-service recurring inspection model for the oil and gas sector launched in 2025.
Armatrix's Award Wins and Pilot Plans
In August 2026, Armatrix won the Best on Campus award at The Economic Times Startup Awards 2026 for its snake-like robotic arms that navigate confined industrial spaces, The Times of India reported. The Times of India also reported in September 2026 that Armatrix plans 10-12 pilots over six months and expects commercial deployments in the first half of 2028.
Armatrix's Next Steps After the Seed Round
Entrackr said the seed round appears to be ongoing, with the company likely to raise more capital in subsequent tranches. The Times of India reported that Armatrix expects commercial deployments in the first half of 2028.