Tuesday, 02 January 2024 12:17 GMT

AI-Powered Deeptech Start-Up Leumas Secures USD 2.2 Mn Seed Funding


(MENAFN- KNN India) New Delhi, Jun 12 (KNN) Deeptech start-up Leumas has completed a USD 2.2 million seed funding round led by Capital 2B, with participation from Capital-A and Anicut Capital.

The company specialises in developing manufacturing solutions for pharmaceutical and wellness sectors through AI-driven robotic systems.

The funding will enable Leumas to advance the development and deployment of its modular robot factories, which utilise artificial intelligence to adapt production processes across different formulations and manufacturing volumes.

The technology is designed to enhance traceability, operational responsiveness, and cost efficiency within manufacturing environments.

Co-founders Subhajit Biswas and Nitesh K emphasised the industry's need for manufacturing flexibility beyond traditional capacity expansion.

They described their approach as creating a manufacturing infrastructure that operates with software-like characteristics, incorporating modularity, distributed processing, and intelligent automation systems.

Leumas is targeting opportunities within the global outsourced manufacturing market, which industry projections indicate may surpass USD 400 billion by 2030.

The company identifies growing demand for on-demand and personalised production in wellness and pharmaceutical sectors as driving factors that expose limitations in conventional factory operations.

The company's platform combines AI-based robotics with vision-guided quality control systems and autonomous manufacturing processes to enable unmanned, traceable production capabilities.

Leumas reports having collaborated with wellness brands to scale more than 120 products across markets in India, the United States, and the Middle East and North Africa region.

The start-up has also established partnerships with pharmaceutical and food research institutions to conduct pilot manufacturing projects, demonstrating practical applications of its technology platform.

Vibhore Sharma, Partner at lead investor Capital 2B, characterised the company as addressing manufacturing challenges related to speed, cost, and scalability.

Sharma highlighted the integration of advanced robotics with intelligent software systems and the accessibility of Leumas's delivery model for brand adoption.

Ankit Kedia, Founder of participating investor Capital-A, noted the combination of technical expertise and operational execution demonstrated by Leumas, particularly relevant for industries requiring speed, regulatory compliance, and operational adaptability.

Ajay Anand, Partner, Anicut Capital, described Leumas as representing future manufacturing paradigms characterised by modularity, intelligence, and rapid scalability capabilities.

(KNN Bureau)

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