CIBC Innovation Banking provides growth funding to Embotics

Embotics, an Ottawa-based provider of multi-cloud management software, has entered into a credit facility agreement with CIBC Innovation Banking. No financial terms were released. Founded in 2006 by President Jay Litkey and led by CEO Michael Torto, Embotics' platform helps enterprise information technology and managed service providers to automate and control their virtualized and cloud environments. The funds raised will support the company's client acquisition and growth in new markets. Embotics' investors include U.S. growth equity firm Arrowroot Capital, which invested $12.1 million in 2016.

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