Robotiq Raises $31 Million in Funding from Battery Ventures

Robotiq, a Canadian provider of tools and software for the fast-growing collaborative robotics market, has raised $31 million in funding from global investment firm Battery Ventures. It is the company’s first round of institutional financing. As part of the transaction, Battery General Partner Jesse Feldman, who specializes in industrial-technology investments, will join Robotiq’s board.
Robotiq-which makes collaborative grippers and accessories such as sensors and cameras will use the new money for product development, international expansion and enhanced support of its partner ecosystem. The company was founded 10 years ago and spun out of a project at Laval University in Canada.