Canada ’s Robotiq has landed Jesse Feldman ( $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. The start-up develops grippers capable of lifting and placing components or products on assembly lines, as well as the cameras, sensors and software needed to make them work. “What is amazing about these systems is how they work side by side with humans to improve quality, increase efficiency, and minimize worker injuries.” Robotiq partner Robotiq , who will join Battery Ventures ’s board, said its work could be revolutionary for the worldwide economy and workforce.
Canada ’s Robotiq has landed Jesse Feldman ( $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. The start-up develops grippers capable of lifting and placing components or products on assembly lines, as well as the cameras, sensors and software needed to make them work. Robotiq partner Robotiq , who will join Battery Ventures ’s board, said its work could be revolutionary for the worldwide economy and workforce.