- Botsync raises $5.2M Series A for manufacturing automation software.
- Company’s SyncOS connects machines across programming languages.
- Startup expects 150% revenue growth in 2024.
Singapore-based robotics firm Botsync has secured $5.2 million in a series A round led by Capital 2B and Betatron Venture Group.
The company is now focusing on the software side of manufacturing automation, aiming to address the challenges of integrating multiple robots from various companies.
SyncOS: the robotic rosetta stone
Botsync’s SyncOS, a software that connects various machines regardless of programming language or protocols, is designed to help companies overcome integration hurdles.
The startup is now offering a standalone version that can perform the same function with other manufacturers’ hardware. The fresh funds will be used to expand Botsync’s commercial presence in key markets and enhance technical support for its customers.
Botsync expects the software to boost its financials, projecting an over 150% revenue growth rate in 2024.
The art of the robotic deal
Botsync faces challenges when approaching hardware manufacturers in Southeast Asia, as companies prioritize revenue and require a clear demonstration of how collaboration will improve their business.
Botsync presents potential customers to vendors and shows how integration can provide immediate commercial benefits, a strategy that has proven more effective than attending vendor fairs and pitching products.
To read the original article: https://www.techinasia.com/robotics-firm-by-ntu-graduates-raises-5-2m-to-bolster-software-offering
