Clearpath Robotics raises $39.5 mln in iNovia Capital-led round
Clearpath Robotics Inc has secured about $39.5 million (US$30 million) in follow-on funding, adding to the $14 million raised in the company's Series A financing in early 2015. The latest round was led by Canadian venture capital firm iNovia Capital, with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank. Founded in 2009, Kitchener, Ontario-based Clearpath is a provider of self-driving vehicle solutions to over 500 brands around the globe. Last year, it launched OTTO Motors to focus on vehicles for material transport inside manufacturing and warehouse operations. It plans to used the funds raised to grow the division.
5 October 2016•4 mins read
