Quebec Company Provides Cutting-Edge Solutions for New Wave of
Lightweight Robots That Free Humans from Repetitive Tasks
QUEBEC CITY, Quebec–(BUSINESS WIRE)–Robotiq, a pioneering 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 equipment including specially designed,
plug-and-play “grippers” that can handle manufacturing tasks previously
done by human hands—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.
“Collaborative robotics is transforming industries today, offering
low-cost, easy-to-deploy solutions that stand in stark contrast to the
more-complicated, legacy robotics systems of the past,” said Samuel
Bouchard, Robotiq’s co-founder and CEO. “What is amazing about these
systems is how they work side-by-side with humans to improve quality,
increase efficiency and minimize worker injuries. We could not be more
excited to work with Battery Ventures—a firm that has demonstrated a
commitment to innovation in both industrial technology and software—to
take our company to the next level.”
Bouchard started Robotiq in 2008 with Vincent Duchaine and Jean-Philippe
Jobin after the three met, as students, in a robotics lab at Laval.
Jobin now serves as the company’s CTO, while Duchaine is a leading
robotics researcher and professor at the École de Technologie Supérieure
Today, the company partners with more than 190 distributors in 48
countries and sells its products to manufacturers in industries
including electronics, aerospace, automotive and others. Among those
customers are global companies such as Assa Abloy, Continental
Automotive and Saint-Gobain.
“We have been tracking Robotiq and its experienced team for several
years and are extremely impressed with the business the founders have
built,” said Battery’s Feldman. “Robotiq’s next-generation products are
improving efficiencies at companies all over the globe and, more
broadly, provide a glimpse of how new, interconnected technologies
including robots, sensors and software are driving a new kind of
industrial revolution with huge ramifications for the global economy and
In addition to end-of-arm tooling (grippers), Robotiq makes force
sensors, camera technology and related software. The systems can be used
to help with manufacturing tasks including picking up and placing
certain components or products; light assembly; finishing; and quality
testing. The company’s products can free up humans to focus on
higher-value work and also help customers struggling with labor
shortages on factory floors.
At Robotiq, we free human hands from repetitive tasks. Our tools and
know-how simplify collaborative robot applications, so factories can
start production faster. Robotiq works with a global network of
connected robot experts who support their local manufacturers.
David MaltaisPublic Relations Coordinator[email protected]1-418-929-2513