Clearpath Robotics gets $30 million funding for industrial robots



Canada's Clearpath Robotics has raised $30 million from backers including the venture arms of Caterpillar and its customer General Electric Co to expand its industrial robot business, the company said on Wednesday.
The funding will power growth at the Kitchener, Ontario-based company's Otto Motors industrial division, created last year to provide self-driving vehicles to transport materials around warehouses and manufacturing facilities.
The company said while the likes of Tesla, Uber and Google are testing autonomous vehicles for use on public roads, its industrial vehicles are already... read more

 
5 October 2016 in Science &Technology, Views: 41
Source: Reuters
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