Friday, April 12, 2024
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Reliance Strategic Business Ventures Ltd (RSBVL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL) has acquired a 23.3 percent stake in Exyn Technologies Inc for $25 million.

RSBVL and Exyn have also entered into a strategic partnership agreement for technology collaboration and commercialisation of Exyn’s technology. Exyn is an early-stage technology company, incorporated in Delaware in 2014, with headquarters in Philadelphia, Pennsylvania, United States of America.

Exyn Technologies is pioneering multi-platform robotic autonomy for complex, GPS-denied environments. 

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