Otto Motors, a division of Clearpath Robotics, has raised $29 million in Series C funding. The company says the new funds will be used for the continued expansion of its autonomous mobile robot platform.
The investment, which follows years of rapid growth, was led by Kensington Private Equity Fund with participation from BMO Capital Partners, Export Development Canada, and previous investors iNovia Capital and RRE Ventures.
Including this Series C round, Otto Motors has now raised a total of $83 million in funding. [Read more…] about Otto Motors raises $29 million in new funding for its autonomous mobile robots business