Betatron co-leads $5.2M Series A financing for Botsync to bring robotic automation to Asia’s manufacturers
Botsync’s software makes it easy to program the movement of multiple robots and machines at once. Manufacturers use it to adapt to changing supply chains, customer demands, and technology.
Botsync co-founders Rahul Nambiar (center, left) and Prashant Trivedi (center, right) with Betatron managing partners Arshad Chowdhury (left) and Matthias Knobloch (right) at Botsync’s Singapore headquarters.
Botsync, a Singapore-based robotics startup that develops integrated automation solutions, has completed a US$5.2 million Series A round of financing led by Betatron Venture Group and Capital 2B.
Betatron tracked the company’s growth for three years prior to making the investment.
“We have been incredibly impressed by Rahul and his team’s ability to win and expand contracts with some of the largest manufacturers in the region,” says Arshad Chowdhury, Managing Partner at Betatron. “We believe the future of manufacturing is flexible and automated. Botsync will help manufacturers make that transition.”
Today the company’s customers include multinational manufacturers Ford, Caterpillar, Kimberly Clark, Mahindra Logistics, and Schlumberger.
Botsync was founded in 2019 by Nikhil Venkatesh, Prashant Trivedi, Singaram Venkatachalam, and Rahul Nambiar, graduates of Singapore’s Nanyang Technological University (NTU). It streamlines manufacturing operations through system-agnostic no-code integration solutions (syncOS) and a suite of autonomous MAG Mobile Robots, integrating cross-platform operations from different automation systems all on one platform.
With headquarters in Singapore, Botsync’s engineering team is largely based in India.
Rahul Nambiar, CEO and co-founder of Botsync says they saw first hand the difficulty of integrating multiple robots from various companies.
“We used to be robotic hardware vendors ourselves,” says Botsync CEO Rahul Nambiar. “The integration challenges we faced with other automation systems in a facility often ended up delaying or derailing our entire implementation.”
Botsync’s SyncOS, a software that connects various machines regardless of programming language or protocols, is designed to help companies clear this hurdle.
Botsync expects an over 150% revenue growth rate in 2024 after averaging 130% over the past three years.
About Capital 2B:
Capital 2B is an early-stage tech venture capital fund investing in differentiated solutions spanning across fintech, consumer, health tech, SaaS and deep science and tech.
About Betatron:
Betatron Venture Group is an early-stage tech investor based in Hong Kong and Singapore. Its fourth fund, BVG IV, invests in asset-light, exit-focused B2B startups serving Asia’s largest industries: manufacturing, logistics, construction, finance, trade, communications and environmental technology.
