Smart robots platform Kindred lands $35.4 mln in Series B
Kindred Systems Inc, a Vancouver-based developer of human-like intelligence in machines, has secured about $35.4 million (US$28 million) in a Series B financing, bringing its total funding to US$44 million. Tencent Holdings led and was joined by existing investors Eclipse Ventures and First Round Capital. Kindred is designing robots-as-a-service technology, such as its first commercial offering, Kindred Sort, which is targeted for use in retail distribution and e-commerce fulfillment centres. It will use the funds raised to continue R&D and product deployment. Founded in 2014, Kindred is led by CEO Geordie Rose, a co-founder of D-Wave Systems Inc.
24 October 2017•3 mins read
