Above: Robotiq at work The company counts partnerships with distributors in 48 markets and sells products to customers across manufacturing, electronics, aerospace, automotive, and more. Canada’s Robotiq has landed CAD$31m ($23m) in institutional funding from Battery Ventures to develop its dexterous collaborative robots. The financing will also go toward expanding the business globally. Robotiq’s products are designed to reduce the need for humans to perform repetitive tasks. “Robots have been a part of our lives since we were kids, but they haven’t always worked well together,” said CEO and co-founder David Smith. Battery Ventures partner Jesse Feldman, who will join Robotiq’s board, said its work could be revolutionary for the worldwide economy and workforce.
Canada’s Robotiq has landed CAD$31m ($23m) in institutional funding from Battery Ventures to develop its dexterous collaborative robots. The financing will also go toward expanding the business globally. Robotiq’s products are designed to reduce the need for humans to perform repetitive tasks. “Robots have been a part of our lives since we were kids, but they haven’t always worked well together,” said CEO and co-founder David Smith. Battery Ventures partner Jesse Feldman, who will join Robotiq’s board, said its work could be revolutionary for the worldwide economy and workforce.