image: gelecekrobotik

Kinova receives funding for innovation and expansion

October 2, 2017

Canada-based robotic solutions designer Kinova Robotics has secured a total of C$25m ($20m) funding from four major contributors, including Fonds Manufacturier, KTB Network, Foxconn, and BDC Capital.

The firm designs and manufactures robotics platforms and components under Assistive Robotics to aid people with disabilities, and Service Robotics to develop safe and efficient interactions with environment.

Intended to boost both local and international support, the fundraising will allow Kinova to advance its growth in research and development, sales and marketing, and manufacturing.