Ontario robot maker Clearpath raises $30M to grow industrial division

KITCHENER, Ont.—Clearpath Robotics has raised $30 million in funding to continue expanding into the industrial self-driving vehicle market.

The Ontario-based company’s latest round of funding was led by Canadian venture capital fund iNovia Capital and supported by Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank. Clearpath says it plans to use the funds to build out its Otto division, which focuses on material transport inside manufacturing plants and warehouses.

Read more at CanadianManufacturing.com

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