automation
Investment Surges into Robotics Startups as Automation Drives Demand
Investors are significantly boosting robotics startups, driven by a global surge in automation and falling production costs. Global funding hit $18.6B in 2024 (up 116%), with Indian startups raising $117M (4x increase). This boom is fueled by cheaper components (thanks to EVs), AI advancements making robots smarter, and strong demand for automation in diverse sectors.
Venture Capitalists Fuel AI Startups, Poised to Reshape India's IT Services Landscape
VCs are heavily backing Indian AI startups to disrupt the IT services industry. These AI-native firms aim to automate complex tasks, offering "price like services, earn like software" models. With strong AI talent & focus on niche applications, India is poised to redefine its traditional IT landscape, despite challenges in data access and enterprise adoption.
Adaapt Revolutionizing Digital Transformation with AI
Adaapt AI, founded by Srikanth Ravinutala, is transforming digital workflows with AI-driven low-code solutions. The platform automates process evaluation, reduces costs, and accelerates transformation. Recognized by Forbes India, Adaapt empowers enterprises with innovative tools like AI personal assistants, enabling efficiency and seamless integration.