CynLr Eyes $75M Fundraise, Targets Break-Even Before 2030 IPO

• Robotics startup CynLr plans to raise $75 million in phases, starting with $40 million, to scale operations and achieve break-even.
• The company aims to deploy 300 robotic systems annually by 2028 and reach $45-50 million in revenue with 60% gross margins.
• Founder Gokul NA stated the fundraise will be a mix of debt and equity, seeking a higher valuation than its previous round.
• CynLr, a deeptech firm, believes an IPO is unlikely before 2030 due to the need for break-even and India's current valuation frameworks for deeptech.
• The startup builds an "object intelligence" stack combining hardware, visual sensing, and AI to enable robots to manipulate unfamiliar objects.