Avidbots is a Canadian robotics manufacturer that develops autonomous cleaning robots, notably the Neo 2 floor-cleaning robot for commercial environments like airports, warehouses and shopping malls. Founded in Kitchener, Ontario in 2014, the company says it has more than 1,000 robots deployed across North America, Asia, Europe, the Middle East and Australia, including deployments in U.S. airports and with Singapore’s SMRT Trains. Neo 2 offers fleet management and performance measurability through a web-based command center that tracks robot locations and surface area disinfected. The company had previously raised $37 million across its eight-year history and has now added $70 million in new funding. With the latest capital it plans to expand its fleet, continue improving the software that powers the machines, and increase headcount by about 100 over the next year. Avidbots positions its robots as a way for commercial operators to mitigate staffing challenges while delivering data-driven cleaning performance. Avidbots designs and builds autonomous connected robots, with its first product Neo, a robotic floor scrubber deployed in commercial locations worldwide. Neo is manufactured in Avidbots’ 40,000-square-foot facility in Kitchener, Ontario, and is in use in over a dozen countries, including Paris Charles de Gaulle Airport, Toronto’s Eaton Centre, and Rochester Institute of Technology. The company is led by CEO Faizan Sheikh and CTO Pablo Molina. With the new funding, Avidbots plans to accelerate investment in talent acquisition, engineering, marketing, and sales to bring its robots to more customers worldwide. Financially, the company has raised a total of $36M to date after the latest round. The article positions Avidbots as focused on expanding human potential by bringing robots to everyday life.

Total raised

$94M

Funding rounds

2

Latest round

Series C

Latest activity

Sep 2022