Copperstone Technologies, an Edmonton, Canada-based engineering firm specializing in the design, production and operation of amphibious robots, raised $5.8M in funding.
The round was led by WindSail Capital Group. The investment unlocked support from the Alberta Jobs & Growth Program and the Mining Innovation Commercialization Accelerator for $2.3m in additional capital.
The company intends to use the funds to invest in expanded production to reach new customers and facilitate a greater volume of equipment sales, and in the development of new models capable of tackling more demanding and specialized projects.
Led by CEO Craig Milne, Copperstone Technologies is an engineering firm specializing in design, production and operation of HELIX, an amphibious robot developed for environmental monitoring. HELIX is used for site investigation services which may include measuring geotechnical parameters of mine waste tailings ponds, collecting samples, data and conducting bathymetric surveys, among other use cases.
The company has primarily operated in North America through its Robotics-as-a-Service (“RaaS”) segment to perform autonomous and unmanned monitoring and sampling projects critical to the mitigation of environmental and safety risks posed by mine waste tailings facilities.
FinSMEs
15/12/2022