Angel-backed Genesis Robotics wins Koch investment
Genesis Robotics, the robotics affiliate of Langley, British Columbia-based Genesis Advanced Technology (GAT), has received a strategic, controlling investment from a unit of U.S.-based Koch Industries Inc. No financial terms were disclosed. The deal will result in the formation of a new entity, Genesis Robotics and Motion Technologies, focused on the commercialization of electric motor and actuation technologies, including LiveDrive, which will advance robotics designs and platforms. GAT was founded in 2009 by President Michael Gibney and Technical Director James Klassen. Genesis Robotics has previously reported raising funding from angel investors.
12 April 2018•3 mins read
