Fundz

India’s Reliance Backs Us-Based Ai Startup Exyn In $35 Million Funding

PUBLIC · EXYNDec 23, 2022

Amount Raised

$35 Million

Round Type

Funding Round

PhiladelphiaInformation TechnologySoftwareArtificial IntelligenceAnalyticsMachine Learning

Description

Reliance has backed the Philadelphia-based AI and robotics startup Exyn, the Indian conglomerate disclosed in a stock exchange filing on Thursday, making further inroads in startup backings globally.

Company Information

Company

Exyn Technologies

Location

Philadelphia, Pennsylvania, United States

About

Exyn Technologies was established in 2014 to commercialize decades of ground-breaking research in aerial robotics, drone swarms, multi-modal sensor fusion, 3D mapping, obstacle avoidance, and autonomous navigation & planning. Exyn's focus is on developing software for aerial robots so they can operate in GPS-denied environments, without human control, prior information, or pre-existing infrastructure (e.g. no motion capture system). Our approach to client engagement is to be a partner and jointly solve problems. We engage with clients in all parts of the value chain (solutions providers to end-users) across various industries. We are a spin-out from the University of Pennsylvania GRASP Labs under the direction of Professor Vijay Kumar. Our team is comprised of industrial and academic leaders in aerial robotics.

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Exyn Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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