Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › Ambani-Backed Robot Startup Seeks $100 Million to Take On China
Technology

Ambani-Backed Robot Startup Seeks $100 Million to Take On China

Ambani-Backed Robot Startup Seeks $100 Million to Take On China
Bloomberg Technology Wednesday 10 June 2026, 03:38 UTC By Sankalp Phartiyal 1 min read
Key Points

Asia Ambani-Backed Robot Startup Seeks $100 Million to Take On China Sign up for the daily India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise. Indian startup Addverb Technologies Ltd. is seeking to raise more than $100 million, trying to cement its role as the country’s top maker of robots.

Asia Ambani-Backed Robot Startup Seeks $100 Million to Take On China Sign up for the daily India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise. Indian startup Addverb Technologies Ltd. is seeking to raise more than $100 million, trying to cement its role as the country’s top maker of robots.
Ambani (PERSON) China (LOCATION) India Edition (ORG) Menaka Doshi (PERSON) Indian (ORG) Addverb Technologies Ltd. (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

Global watchdog calls for tighter controls on agentic AI in finance

Global watchdog calls for tighter controls on agentic AI in finance LONDON, June 10 : Global regulators said increasingly autonomous forms of AI could amplify risks for the financial system and called for new controls as adoption accelerates. The Financial Stability Board (FSB) in a report on Wednesday "strongly" encouraged boards to consider implementing safeguards to mitigate risks from AI, including from “agentic” AI — or those systems capable of planning, reasoning and executing tasks...

Channel News Asia 21m ago

Ant International Considers Raising $1 Billion to Boost Growth

The Ant Group logo Photographer: Anthony Wallace/AFP/Getty Images

Bloomberg Technology 23m ago

Bill Gates to face questions from House committee over links to Jeffrey Epstein

Microsoft co-founder to appear in closed-door session as part of lawmakers’ investigation into convicted sex offenderBill Gates is set to testify in front of the House committee on oversight and reform on Wednesday as part of the panel’s investigation into the convicted sex offender Jeffrey Epstein. The Microsoft co-founder will appear in a closed-door session, where lawmakers are expected to question him about his past relationship with Epstein.

The Guardian World 28m ago

Bill Gates to face questions from House committee over links to Jeffrey Epstein

Microsoft co-founder to appear in closed-door session as part of lawmakers’ investigation into convicted sex offenderBill Gates is set to testify in front of the House committee on oversight and reform on Wednesday as part of the panel’s investigation into the convicted sex offender Jeffrey Epstein. The Microsoft co-founder will appear in a closed-door session, where lawmakers are expected to question him about his past relationship with Epstein.

The Guardian UK 28m ago