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.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

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.

“We want our users to achieve the extraordinary with our robots.”

Kinova CEO Charles Deguire said: “We want our users to achieve the extraordinary with our robots – creating more value for themselves and our society.

“The financial support, broad expertise and geographic coverage of our experienced partners give us additional resources to accelerate our growth, quickly and strategically establish our presence in new markets, develop an extended line of breakthrough products, and propel our advanced manufacturing capabilities.”

The firm intends to carry out research and development of innovative new products such as new medical robotics technologies for improved patient care through various resources such as hospitals and governments.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

For the expansion of its business, of which 90% is exports, the firm plans to open new facilities in international markets such as the US and across Asia.

Kinova will also utilise the new funds for research on its production efficiency, with plans to carry out digitisation and robotisation of its operations to minimise production costs and enhance the quality.

Image: Kinova designs and manufactures easy-to-use robotic solutions. Photo: courtesy of Kinova Robotics.