Embotics nets $12.1 mln in growth funding from Arrowroot Capital
Canadian software company Embotics Corp has secured $12.1 million in growth funding from Arrowroot Capital, a U.S. growth equity firm. Founded in 2006, Ottawa-based Embotics offers a multi-cloud management platform for enterprise information technology and managed service providers that allows them to automate and control their virtualized and cloud environments. It plans to use the funds raised to drive expansion through increased investment in sales and marketing initiatives as well as product development. Embotics has previously raised financing from Canadian investors, including Covington Funds and VentureLink.
9 June 2016•3 mins read
