Jay Robotix, an Indian educational robotics startup, has raised $250,000 funding from CBA, an investment vehicle of US-based Scaale Group and the Singapore Angel Network (SGAN), an angel investment arm of Thakral Group .This is a bridging round in preparation for a Series A funding that will help it to expand into European, Asian and North American markets.
CBA, the investment arm of Scaale Group, specifically looks at investing smart capital in cross-border ventures with significant potential to scale globally. SGAN actively looks at investing in innovative companies which they can support in Singapore and the Asia Pacific. The funds raised from CBA and SGAN will be used primarily for product refinements, marketing and driving sales growth of Jay Robotix’s product portfolio.
Jay Robotix, founded in 2010, aspires to be the largest educational robotics company in the world, with a portfolo of robotics solutions targeted at the educational sector. An example of their product line is the ROBOX line of educational robotic kits for K-12 students, which includes building blocks, a ‘brain’ and an intuitive 3D simulation software. This enables students to build various mechanisms and simulate them in real-life situations.
Jay Robotix offers a Robotic ‘Centre of Excellence (COE)’ lab installation to engineering undergraduates with various mechatronic and robotic platform. This allows students to learn concepts related to mechanics, electronics, embedded systems, cloud computing, mobile applications and more, offering significant value addition.
The company recently partnered with iCarnegie, an affiliate of the Carnegie Mellon University, USA, to certify Indian students taking the courses in the respective COEs in and around their colleges/universities. Jay Robotix also offers online, distance-learning courses with practical applications on its robotic kits in association with Manipal Global Education.
“We are seeing a lot of schools globally taking practical learning and STEM initiatives beyond the classroom. Unfortunately, the existing technologies are either too expensive or not holistic enough to address the masses. The Jay Robotix product portfolio allows students to take up interest in STEM concepts right from school, followed by industry-readiness and skill development courses in engineering institutes. We see huge interest globally from education institutes as well as Ed-tech companies to bundle Jay Robotix’s offerings within their ecosystem” said Ashwin Sanzgiri, VP of the Capital Group, Scaale.
Scaale has also advised Jay Robotix on closing strategic partnerships in Singapore and India, with similar arrangements in development in Spain, UK, USA and Japan. Designed and built to international standards, ROBOX is meant to be integrated with the training and content offerings of various institutions.
Commenting on the investment, Sudhir Reddy, founder and CEO of Jay Robotix, said “Our objective till now was to ensure all measures towards an aggressive market launch and this investment helps us towards product refinement, certifications and product readiness. The Series A round would simply be towards servicing the strategic partnerships we have signed and are signing globally.”