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Kinova Raises $60 Million In New Financing: The Company's Expansion Into The Industrial Automation Market Continues

Feb 09, 2022•over 3 years ago

Amount Raised

$60 Million

Description

Kinova®, a leading privately-held developer of robotic solutions in the medical and industrial markets, announced the prior closing of investments totaling $40 million ($US 32 million), led by Graham Partners with the participation of Export Development Canada (EDC). The robotics company is also pleased to announce the prior closing of an agreement with the Government of Canada under the Strategic Innovation Fund (SIF) for a total of $20 million ($US 16 million).

Company Information

Company

Kinova

About

Kinova Inc., headquartered in Boisbriand (Greater Montreal), Quebec, Canada, is a leader in innovative robotics. Founded in 2006, the company designs and manufactures robots for various markets, including medical robotics, assistive robotics, research and education, and more recently industrial and professional automation. Kinova's ingenious technology improves and extends the capabilities of customers with a human-first approach to serve the growing need for robotics across increasingly complex industries. For more information, visit kinovarobotics.com

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