Canada ’s Robotiq has received CAD$31 m ( $ 23 m ) in institutional funding from Battery Ventures to develop its dexterous collaborative robots . French startup Exotec develops an autonomous Skypod system with mobile robots that can move in three dimensions. The financing will also go toward expanding the company 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 hardware , sensors and software required to make them work . Battery Ventures partner Jesse Feldman , who will join Robotiq ’s team , said its work could be revolutionary for the worldwide market and workforce .
Canada ’s Robotiq has received CAD$31 m ( $ 23 m ) in institutional funding from Battery Ventures to develop its dexterous collaborative robots . The financing will also go toward expanding the company 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 hardware , sensors and software required to make them work . Battery Ventures partner Jesse Feldman , who will join Robotiq ’s team , said its work could be revolutionary for the worldwide market and workforce .