Deeptech robotics startup Armatrix has raised ₹67.28 crore in a seed funding round led by UK-based Crane Venture Partners, with participation from existing and new investors. The fundraise values the company at approximately ₹360 crore, representing a 4.8-fold increase from its valuation of ₹75 crore during its previous funding round.
According to regulatory filings accessed by Entrackr, Armatrix allotted 4,070 compulsory convertible preference shares at an issue price of ₹1,64,900 per share, along with 10 equity shares, as part of the funding round. The round appears to be ongoing, with the company potentially raising additional capital in subsequent tranches.
Crane Venture Partners led the investment with ₹40 crore. Existing investor pi Ventures contributed ₹15 crore, while gradCapital invested ₹4.52 crore. Boundless Ventures and Inuka Capital invested ₹2.5 crore and ₹2.37 crore, respectively. NKSquared also participated with an investment of ₹2.37 crore, marking its entry into the company.
Other investors included AL Trust, Saurabh Chandra, Unacademy co-founder Roman Saini and existing investor Narayan Rangarajan, who collectively invested ₹67 lakh.
Armatrix plans to use the fresh capital for business expansion and general corporate purposes. The latest round comes less than a year after the company raised $2.1 million in a pre-seed funding round in January 2026. That round was led by pi Ventures, with participation from Inuka Capital, Boundless Ventures, Boost VC, Turbostart and gradCapital.
Founded in 2024 by Vishrant Dave, Prateesh Awasthi and Ayush Ranjan, Armatrix develops snake-like robotic manipulators designed to operate in hazardous and confined industrial environments.
Its robotic systems are intended for inspection and maintenance work in sectors such as shipbuilding, nuclear energy, oil and gas, and aviation. The technology aims to reduce the need for human workers to enter dangerous or difficult-to-access spaces.
Despite the fresh funding and higher valuation, Armatrix remained at the pre-revenue stage in FY26 and reported a net loss of ₹3.05 crore.
The latest investment gives the startup additional capital to expand its robotics technology and operations as it works towards commercial deployment in industrial environments.
