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Makers Hive Raises USD 9 Million

The platform will utilize the capital it has raised to streamline research , scale production requests, and work on its go-to-marketing methodology.

27 January, 2021: Hyderabad-based startup, Makers Hive,  that has created and assembled a bionic arm, has raised $9 million from Starfish Growth Partners and Investpad. The newly raised financing will be utilized for R&D, to scale creation, and go to showcase market stratergy. This asset will raise $100 million and throw light on new age startups throughout the following three years.

Starfish Growth Partners, which is an idea stage incubator and capital guide that was set up in 2016 says it gives new startups multidisciplinary ability and execution uphold. 

Starfish Growth Partners and Investpad have as of late partnered to make a thought stage development asset of more than USD100 million to put resources into thought stage organizations over the course of the following three years. The undertaking is to help high potential business thoughts. Their association makes a help environment including capital warning, business hatching, and development speeding up administrations. 

Set up in 2018, Makers Hive is centered around assistive-tech industry, particularly prosthetics, to help differently abled individuals. The platform has built up a mobile application empowered bionic hand – which is a 3D-printed, EMG sensors installed lightweight gadget called KalArm, named after the former president Dr APJ Abdul Kalam. 

As per the startup, the bionic arm is natively evolved and has packed away the primary cluster of pre-requests of more than 200 numbers. KalArm is centered around beneath elbow mediations and it is likewise as of now chipping away at above elbow arrangements in the space. It is additionally constructing exoskeletons for defence and clinical applications.



Source: Business World

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