Invento Robotics, making robots in India, for the world. - VisionThugs

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Tuesday, August 21, 2018

Invento Robotics, making robots in India, for the world.


Invento Robotics wants to 'Make in India' for the world and getting Ivanka Trump and Narendra Modi to start your marketing campaign counts as a good first step towards that objective.
At the Global Entrepreneurship Summit being held in Hyderabad, the Indian Prime Minister and the US President's daughter will come face-to-face with Mitra - a humanoid. A humanoid made in India, for the world. 

For events ranging from corporate get-togethers to birthday parties, Invento’s robots act as event photographers and entertainers. The company has manufactured humanoids that can understand speech, recognise faces and converse in Indian languages. The goal is to make humanoids key members at places like banks, malls and hotels.

With close to 3,27,000 followers on Quora, Balaji Viswanathan, CEO of Invento, is the most followed person on Quora. He also has over 3,700 Quora answers to a diverse range of questions in his name.Talking about the future of jobs and potential impact humanoids could have on the workforce, Balaji remarked that humans are already replaced at many places of customer interaction. In many buildings these days, you don't find quality receptionists. The skill set that is needed for that is also needed in other places and not enough smart people apply for those "boring jobs”.

Invento currently manufactures their humanoids in India. On the long-term feasibility and use case of humanoids, Balaji said that 20 years ago people thought that cellphones were fancy and expensive. Nobody thought they would be used by the masses. He said, "But, here we are in the smartphone revolution. For robotics, it would take about three years to get ubiquitous".
Intriguingly, Invento Robotics is only about a year old. Invento Makerspaces, as it was originally called, was initially set up as an educational startup. It was only in 2015, when one of the startup’s robots gained a little notoriety at a market fair, that the founders realized they had another field they could better contribute to.

Name of the Company: Invento Robotics
Name of Founder (s): Balaji Vishwanathan, Mahalakshmi Radhakrushnan, Bharath Kumar
City: Bengaluru
Revenues: NA
Headcount: 14
Industry: Robotics
Investors Details & Amount raised: Bootstrapped, Secured Loan 

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