In the Pre-Series A Round, Urban Matrix Raises Rs. 6 Crores
Drone tech startup UrbanMatrix Advances has raised Rs. 6 Crores in a Pre-series A round drove by Emphasis Point Adventures. The assets will be allotted towards item improvement, group development and venturing into new business sectors.
Established in 2019 by IIT graduates Rishabh Verma, Ashutosh Kumar, Divyanshu Pundir and Ajay Karthik, UrbanMatrix is a forerunner in growing strong modern robots and programming projects utilized in rambles for an assortment of purpose cases including overview, reconnaissance, farming, computer based intelligence supported examination, and safeguard. The organization offers state of the art quantum encryption innovation alongside cloud reconciliation for information wellbeing, ensuring first class dependability and usability for clients across various enterprises, making drone tasks more secure and more productive.
Vikram Ramasubramanian, Accomplice, Intonation Point Adventures, says, “Drone industry has been growing extensively especially with the government vision of Aatmanirbhar Bharat which aims to shape India as a global drone hub by 2030. The drone industry is a sunrise sector with phenomenal market opportunities, IPV looks forward to extending their strategic support and helping UrbanMatrix scale their business. The company has successfully developed end to end drone solution products which aim to capture a wide range of use cases and expand geographically”.
UrbanMatrix works in a 3,000 square feet business space with a committed assembling region creating. The organization utilizes quantum encryption and sealing for unparalleled information security, unwavering quality and their USP of raising robot tasks with cutting edge arrangements that are exceptionally secure as well as versatile and easy to understand, separates them, subsequently settling on them a top decision in the business.
Rishabh Verma, Chief and Fellow benefactor, Metropolitan Lattice, says, “Drones are unlocking the true potential of our skies. With increasing acceptance of drone technology by multiple industries, the challenge of scaling drone operations becomes a bottleneck. At UrbanMatrix, we are leveraging cutting-edge cloud technology to solve this challenge.”
UrbanMatrix has accomplished critical achievements, incorporating key organizations with ISRO, Paras Aviation, and ATV. They hold accreditations like DGCA’s Sort Confirmation for their high level 4G/5G-empowered drone, UMT Hawk4G, and have gotten licenses for advancements like NextCC and special robot plans. Their greatness is additionally approved through grants, for example, the Dell Advancements Startup Challenge, featuring their effective presence in the business. NextCC has likewise as of late been granted the Advancement of the Year 2023 honor at the Robot Exhibition 2023.
The robot business is developing quickly, with India’s market projected to reach $200 million of every 2023 and expected to contact $4 billion by 2030. Universally, the business is similarly unique, with a market size of $30 billion out of 2022 expected to flood to a great $180 billion by 2030. These figures highlight the huge development and potential open doors in both the Indian and worldwide robot markets over the course of the following 10 years.