Peer Robotics rises $2.3 million in funding led by Kalaari Capital

Peer Robotics, a mobile robotics solution designed to work with humans, has raised $2.3 million in funding led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innovations and Innopact VC, according to a company statement.

“Manufacturers regularly deal with lots of repetitive, labor-intensive tasks that are great candidates for automation. Small and medium-sized companies are struggling with the labuor shortage today, not to mention high turn-over. Also, many operations are still manual with employees operating at a high risk of injuries and fatigue. Solutions to date have been too expensive and complex,” said Rishabh Agarwal, cofounder, and CEO of Peer Robotics.