Robotiq, a provider of end effectors and software for the collaborative robotics market, has raised $31 million (Canadian) in funding from global investment firm Battery Ventures.
It is the company’s first round of institutional financing. As part of the transaction, Battery General partner Jesse Feldman, who specializes in industrial-technology investments, will join Robotiq’s board.
Robotiq – which makes equipment including specially designed “grippers” – says it will use the new money for product development, international expansion and enhanced support of its partner ecosystem. [Read more…] about Robotiq raises $30 million in funding from Battery Ventures