engaluru-based deeptech startup Armatrix has secured Rs 67.28 crore seed funding led by UK-based Crane Venture Partners, with participation from new and existing investors. The new round is less than a year after the company raised its pre-seed round, bringing the startup's value to almost 5x its previous valuation.

Key Highlights

• Deeptech startup Armatrix raises Rs 67.28 crore in a seed funding round led by UK-based Crane Venture Partners.
• The deeptech startup's valuation increases 4.8 times to Rs 360 crore from Rs 75 crore in its previous funding round.

Armatrix gave out 4,070 compulsory convertible preference shares (CCPS) at Rs 164,900 per share and 10 equity shares to raise the capital. The funding round is said to be on-going and that the company will receive further funding in future rounds.

Crane Venture Partners Leads Armatrix's Rs 67.28 Crore Funding Round

UK-based Crane Venture Partners led the latest funding round with an investment of Rs 40 crore. Existing investor pi Ventures' invested Rs 15 crore while gradCapital invested Rs 4.52 crore.

Other investors were Boundless Ventures with an investment of Rs 2.5 crore and Inuka Capital with Rs 2.37 crore. The funds were also joined by NKSquared with an investment of Rs 2.37 crore, which became a part of the company.

Further, Rs 67 lakh was invested by AL Trust, Unacademy co-founder Roman Saini and existing investor Narayan Rangarajan.

In January 2026, Armatrix had raised $2.1 million in a pre-seed funding round led by pi Ventures, with participation from Inuka Capital, Boundless Ventures, Boost VC, Turbostart and gradCapital.

Armatrix's valuation was estimated to be around Rs 360 crore following the latest round of investment, which was about 4.8 times more than in the pre-seed round when it was estimated at Rs 75 crore.

The firm intends to use the new funds to expand its operations as well as for any other corporate needs.

Armatrix Develops Snake-Like Robotic Manipulators for Hazardous Industries

Founded by Vishrant Dave, Prateesh Awasthi and Ayush Ranjan in 2024, Armatrix develops snake-like robotic manipulators designed to operate in hazardous and confined industrial environments.

It specializes in inspection and maintenance applications for industries like shipbuilding, nuclear power, oil and gas, and aviation. By enabling robotic systems to access difficult and potentially dangerous spaces, the startup aims to reduce the need for human workers to enter high-risk industrial environments.

The company's solutions are tailored to solve operational challenges in areas where traditional inspection and maintenance practices can put workers at risk of coming into contact with dangerous conditions.

Also Read: Startup Funding Report: 28 Firms Raise $115 Mn in the Latest Week 

Armatrix Remains at Pre-Revenue Stage in FY26

Even after raising multiple rounds of funding, Armatrix has been in the pre-revenue phase for FY26. The company's net loss during the financial year was Rs 3.05 crore.

The new seed funding brings the startup's valuation and investor support to a new level as it aims to scale its robotics technology and commercial efforts. The company's engineering expertise will be critical to its next phase - translating the expertise into deployments and revenue-generating contracts for a company.