Clearpath Robotics raises $14 mln in Series A round led by RRE Ventures
Kitchener, Ontario-based robotics startup Clearpath Robotics Inc has secured $14 million in a Series A financing. U.S. venture capital firm RRE Ventures led the round with participation from Canadian firm iNovia Capital. With the deal's closing, Stuart Ellman, managing partner of RRE Ventures, has been added to Clearpath's board of directors. Update: Founded in 2009 by University of Waterloo engineering graduates Matthew Rendall, Ryan Gariepy, Patrick Martinson, and Bryan Webb, the company plans to use investment proceeds to expand its robotics portfolio for industrial applications. Clearpath raised $360,000 in funding from angel investors in 2010.
18 March 2015•4 mins read
