CynLr has raised $10 Million in a fresh round of Series A funding led by Pavestone and Athera Venture Partners (formerly Inventus India), bringing its total funding to $15.2 Million. Existing investors Speciale Invest, Infoedge (Redstart) and others also participated in this round of fundraising.

CynLr will now expand its 60-member core team into a 120-member Global team. Along with expanding its Research & SW dev team, CynLr will be hiring Marketing, Sales, Business and Operational Leaders across India, US and Switzerland. CynLr's Design & Research Centre in Switzerland (Unlimitrust Campus, Prilly) was opened recently by Alain Gillièron, Mayor of Prilly during Swiss Indian Innovation Week on 26th September 2024. The Switzerland Centre will work closely with CynLr's Research partners in EPFL LASA (Lausanne) and CSEM (Neuchâtel).

With the new round of funding, CynLr will focus to enhance its Hardware reliability, improve User experience by enhancing its SW performance and reduce costs for the customer. CynLr manages an extensive supply chain of 400+ parts sourced across 14 countries and will expand its Manufacturing Capacity to achieve the goal of deploying One Robot System per day and reach the $22 Million revenue milestone by 2027.