Yaanendriya has raised ₹15 crore in a funding round led by venture capital firm Piper Serica. The capital infusion represents the first institutional round invested in the company. The fresh investment will be used to boost its research and development programs, expand its navigation technology portfolio, and scale up manufacturing of indigenous sensors used in the defence and aerospace industry.

The capital raised would be used to accelerate development of its existing product line and expand its portfolio of high-precision navigation solutions specifically for mission-critical applications.

Investment and technological focus

Yaanendriya focuses on developing indigenous sensor, navigation, and control solutions for robotics, aerospace, space, and critical applications. The company’s foundational technology portfolio consists of the SynCore range of navigation controllers, customised for autonomous robotic platforms, and the YDX range of high-precision inertial sensors that are integrated into commercial applications globally. 

Yaanendriya is also working on custom-made navigation systems and a hardware-independent platform for space and critical missions. One of the key technological development roadmaps is its continued development of high-precision Micro-Electro-Mechanical Systems (MEMS) inertial sensors, capable of meeting the rigorous needs of the space industry and upcoming manned and unmanned systems.

This investment reflects Piper Serica’s focus on backing high-impact deeptech ventures in India. It showcases the fund’s investment philosophy. Piper Serica has an active track record of investing in deeptech companies such as Pantherun, ClearTrust, Sixsense, Astrogate, Coratia, Sensesemi, Ubiqedge and Enlife. Piper Serica supports Yaanendriya in its first institutional round of funding for technological innovation from indigenous sources.

Early incubation and institutional support

Before this institutional round of investors’ valuation at ₹15 crore by Piper Serica, Yaanendriya relied on non-dilutive grant support and specialized programme backing to raise up its technological base. The company has been receiving project, scheme, and grant support from prominent governmental agencies like the Ministry of Heavy Industries, the Department of Science and Technology, and the Government of Karnataka. 

The company received its initial development and incubation support at ARTPARK (AI & Robotics Technology Park), enabling it to move from the conceptualization of ideas into the advanced development of its robotic innovations ready for formal institutional VC investments. Yaanendriya has managed to move beyond the basic research and prototyping phase into serious commercialization. 

The startup has secured clients in diverse sectors like defence and aerospace, drones and robotics, industrial automation, and dedicated research applications. The company has developed over 20 customers and has reached more than 10 memoranda of understanding (MoUs) in implementation. One of its key partnerships is with the 515 Army Base Workshop (ABW) located at Bengaluru.

Conclusion

Yaanendriya’s ₹15 crore funding round from Piper Serica is a significant deal in the Indian deeptech sector. The company has over 20 customer bases, over 10 MoUs, and a growing portfolio of products, including SynCore and YDX, creating potential for expansion into the aerospace, defence, robotics, and space sectors.

Yaanendriya will benefit from the partnership by its ability to move into a new level of delivering reliable autonomous-control and sensing capabilities for critical and demanding operational environments.