Avidbots, maker of autonomous industrial cleaning robots, nabs $70M

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Avidbots, a Canadian robotics producer that develops autonomous cleaning robots, has raised $70 million in a Series C spherical of funding.

Founded out of Kitchener, Ontario, in 2014, Avidbots has constructed a robotic ground cleaner known as the Neo 2, designed for industrial environments akin to airports, warehouses and procuring malls.

The Neo 2 is already being utilized by U.S. airports in Huntsville and Cincinnati/Northern Kentucky, whereas Singaporean rail operator SMRT Trains has additionally signed up for some Neo 2 magic — in whole, the corporate stated that it has greater than 1,000 robots deployed throughout North America, Asia, Europe, the Middle East, and Australia.

Rise of the machines

As with nearly each automated system lately, one of the core promoting factors behind Neo 2 is that it helps corporations negate points akin to worker absenteeism and hight workers turnover, which is especially essential at a time when the so-called nice resignation has proven little sign of easing — although in reality, machines akin to Neo 2 are additionally prone to circumvent the necessity to rent sure sorts of staff in any respect.

On prime of that, robotic cleaners additionally present corporations with an important deal of knowledge and performance-measurability — via a web-based command middle, administration can verify in on the place every member of the fleet is at any given time, and see how rather more floor space it has to disinfect.

Avidbots’ Neo in motion

In fact, there are numerous robotics corporations engaged on the kind of downside that Avidbots is addressing — no person actually enjoys cleaning, however it’s crucial, significantly in industrial environments the place shoppers anticipate cleanliness. Already we’re seeing corporations construct robotic window washers, whereas some startups are firmly targeted on area of interest use-cases akin to cleaning ship hulls.

Amazon, in the meantime, is presently within the course of of scooping up home robotics firm iRobot for a cool $1.7 billion — and simply as we speak information emerged that iRobot has constructed a two-in-one Roomba robotic that each vacuums and mops.

So it’s clear that individuals like issues to be clear, one thing that isn’t set to vary any time quickly, and for this reason Avidbots has now added an additional $70 million in funding to its pot, having beforehand raised $37 million in its eight yr historical past.

With its newest money injection, Avidbots stated it’s planning to increase its fleet of cleaning bots, whereas persevering with to enhance the underlying software program that powers the machines. It’s additionally trying to bolster its headcount by round 100 over the following yr.

Avidbots’ Series C spherical was led by Jeneration Capital, with participation from GGV Capital, True Ventures, Kensington Capital Partners, Next 47, SOSV,  BDC Capital, Golden Ventures, BMO Capital Partners, Golden Vision Capital, and Nicola Wealth.



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