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


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

Founded out of Kitchener, Ontario, in 2014, Avidbots has constructed a robotic flooring cleaner referred to as the Neo 2, designed for business environments comparable to airports, warehouses and buying 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 complete, 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 many core promoting factors behind Neo 2 is that it helps firms negate points comparable to worker absenteeism and hight employees turnover, which is especially essential at a time when the so-called nice resignation has proven little sign of easing — although in fact, machines comparable to Neo 2 are additionally more likely to circumvent the necessity to rent sure varieties of employees in any respect.

On high of that, robotic cleaners additionally present firms with an excessive amount of information and performance-measurability — by way of a web-based command middle, administration can test in on the place every member of the fleet is at any given time, and see how far more floor space it has to disinfect.

Avidbots’ Neo in motion

In fact, there are numerous robotics firms engaged on the form of downside that Avidbots is addressing — no one actually enjoys cleansing, but it surely’s essential, significantly in business environments the place customers anticipate cleanliness. Already we’re seeing firms construct robotic window washers, whereas some startups are firmly targeted on area of interest use-cases comparable to cleansing ship hulls.

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

So it’s clear that folks like issues to be clear, one thing that isn’t set to alter any time quickly, and this is the 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 cleansing 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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