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 .
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. 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. Battery Ventures partner Jesse Feldman, who will join Robotiq’s board, said its work could be revolutionary for the worldwide economy and workforce.