Kinova, a Boisbriand, QC, Canada-based designer and manufacturer of robotic solutions, received $25m in funding.
The round was led by Fonds Manufacturier Québécois S.E.C. II; with participation from co-investors KTB Network Co., Ltd. (South Korea) and Foxconn (Taiwan); and BDC Capital, the investment arm of BDC (Canada).
The company intends to use the funds to pursue new advancements in its range of products, expand its sales, marketing and manufacturing efforts.
Led by CEO Charles Deguire, Kinova designs and manufactures robotic solutions meant to increase human capabilities of people living with upper-body mobility impairments to have freedom of movement, professionals and universities to drive their research forward, and health-care professionals to provide enhanced outcomes for their patients.