Addverb Technologies, an Indian robotics startup backed by Mukesh Ambani’s Reliance Industries, is seeking to raise more than $100 million, according to reporting that cites the company’s CEO. The funding drive is described as Addverb’s first major fundraising effort since Reliance invested about $132 million in the startup. The company says the money will support development of humanoid and quadruped robots, as well as the AI systems needed to train them. Addverb positions the effort as part of building a robotics capability aimed at scaling beyond early development. The reports characterize the raise as an attempt to strengthen Addverb’s standing in India’s robotics market and accelerate its product roadmap. While details on valuation, investors, or fundraising timeline are not provided in the excerpts, both sources agree on the core elements: Addverb’s Reliance-backed ownership structure, the size of the proposed funding round (more than $100 million), and the focus on humanoid and quadruped robotics alongside AI training systems.