Octobotics Secures $1.1 Million in Seed Funding for Industrial Robotics Expansion
Octobotics Tech Pvt. Ltd., an emerging player in the industrial robotics sector, has successfully concluded a Series Seed funding round, garnering approximately Rs. 10 crore ($1.1 million USD). The financing was led by Navam Capital, with additional backing from BYT Capital. The funds are earmarked for enhancing product development, validating field operations, and facilitating international market expansion.
Founded in 2020 by Ishan Bhatnagar and Gulshan Kumar, Octobotics specializes in developing AI-enabled, vertically integrated Non-Destructive Testing (NDT) robotics platforms tailored for challenging environments within industrial and rail inspection contexts. The company reported Rs. 2 crore in revenue during the last fiscal year and has already established partnerships with notable organizations, including the Indian Navy, IOCL, Saudi S-Chem, BPCL, HPCL, Aarti Industries, and GSFC.
The newly secured capital will accelerate research and development initiatives focused on vertical integration, alongside efforts to achieve IECEx and ATEX certifications. Additionally, the company aims to broaden its operations across India, Singapore, and the Middle East, with the goal of ensuring safer and more efficient inspection processes for critical infrastructure.
“This capital will support R&D for vertical integration and the pursuit of IECEx and ATEX certifications, while expanding our operations in India, Singapore, and the Middle East,” said Bhatnagar and Kumar. “The distribution-led approach allows us to deploy these systems to assist human operators and reduce the need for manual tasks in hazardous environments.”
Dr. Anjan Ray, Investment Partner at Navam Capital, remarked on the investment, noting that Octobotics is effectively addressing key maintenance challenges in critical infrastructure. He emphasized that the company’s focus on a vertically integrated technology stack and a scalable distribution model lays a solid foundation for serving the global inspection market.
As industries such as Oil & Gas, Chemicals & Petrochemicals, Marine, Power, Fertilizers, and Rail continue to grapple with safety and operational challenges, the demand for advanced inspection solutions is on the rise. Conventional manual inspection methods often fall short in high-risk zones, including corroded surfaces and complex geometries, that pose significant dangers to human inspectors. Octobotics seeks to mitigate these risks by automating hazardous tasks, converting field measurements into actionable intelligence regarding asset integrity.
The company’s robotic and sensor-driven workflows not only capture high-fidelity inspection data but also analyze this information through predictive analytics, providing a comprehensive view of asset health. This technological advancement enables earlier detection of defects, corrosion, and material degradation, ultimately helping operators to reduce operational risks and minimize unplanned downtime.
Bhatnagar and Kumar first connected at MERI Kolkata and subsequently built careers in complex international operations. Bhatnagar previously managed maritime operations and automation at Singapore-based BW Maritime, while Kumar served as an Operations & Maintenance Engineer at Belgian dredging company D.E.M.E. Motivated by the “Make in India” initiative, they returned to their home country to develop data-driven, field-ready inspection solutions for critical infrastructure.
Octobotics’ product lineup features several innovative solutions, including PA RailScan, a PAUT-based system designed for rail track weld inspections that ensures consistent defect detection and repeatable inspection quality at scale. Another key offering is Weld Sensei, an automated inspection platform optimized for hazardous environments where manual inspection is impractical or unsafe. Additionally, the company has developed Reach Master, a specialized NDT tool for inspection tasks in hard-to-reach and elevated zones.
As Octobotics continues its trajectory in the industrial robotics sector, its focus on safety, efficiency, and data-driven inspection solutions positions it to play a significant role in enhancing the operational integrity of critical infrastructure across various industries.
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