Avidbots Raises $23.6M in Series B Funding

AvidbotsAvidbots, a Kitchener, Ontario, Canada-based company that brings robots to everyday life to expand human potential, raised $23.6m in Series B funding.

The round, which brought total funding raised to date to $36m, was led by returning investor True Ventures, with participation from returning investors GGV Capital, SOSV, Real Ventures, and 500 Startups Canada and new investors Next47, BDC Capital, and KCPL.

With this new funding, the company will accelerate investment in talent acquisition, engineering, marketing, and sales to bring its robots to more customers worldwide.

Led by Faizan Sheikh, CEO, and Pablo Molina, CTO, Avidbots designs and builds autonomous connected robots. Its first product is Neo, a robotic floor scrubber widely deployed in commercial locations around the world, including airports, warehouses, manufacturing sites, malls, and universities. Manufactured in Avidbots’ 40,000-square foot facility in Kitchener, Ontario, Neo is in use today in over a dozen countries, cleaning floors in locations such as Paris Charles de Gaulle Airport, Toronto’s Eaton Centre mall, and Rochester Institute of Technology.




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