Clearpath Robotics gets $30 mln funding for industrial robots: Reuters
Canada's Clearpath Robotics has raised US$30 million ($39.5 million) from backers, including the venture arms of Caterpillar Inc and its customer General Electric Co, to expand its industrial robot business, Reuters reported. The funding will power growth at the Kitchener, Ontario-based company's Otto Motors industrial division, created last year to provide self-driving vehicles to transport materials around warehouses and manufacturing facilities. Clearpath said while the likes of Tesla, Uber and Google are testing autonomous vehicles for use on public roads, its industrial vehicles are already commercially available.
5 October 2016•1 min read
