November 18, 2020

Avidbots awarded Deloitte’s 2020 Technology Fast 50

Avidbots named among Deloitte’s 2020 Fast 50 as one of Canada’s most innovative in technology

Leading robotics company recognized for rapid revenue growth, entrepreneurial spirit and transformative work

Kitchener, ON – November 18, 2020    Avidbots, the company bringing robots to everyday life to increase organizational productivity, has been named one of Deloitte’s 2020 Technology Fast 50. Avidbots is being celebrated for its innovation in Canadian technology just weeks after the launch of Neo 2, the newest generation of its revolutionary autonomous robotic floor scrubber.

The annual Deloitte ranking recognizes Canada’s 50 fastest growing technology companies, celebrating their achievements. Avidbots has joined an impressive list of companies Deloitte has recognized over the last 23 years, including Shopify, Blackberry and Hootsuite.

Avidbots has hundreds of Neos deployed around the world, providing solutions to some of the biggest companies across manufacturing, warehousing, education, healthcare, airports, retail and beyond.

“We are excited to be recognized for our groundbreaking work in robotics, and honored to be included among Canada’s leading technology companies,” says Faizan Sheikh, CEO, and Co-founder of Avidbots. “In a time when cleanliness is of the utmost importance, we are looking forward to continuing to innovate autonomous floor cleaning and reinforcing our position as the leader in the industry. This would not have been possible if it were not for all of the hard work of our team of Avidbotters globally. I also want to thank our customers around the globe that have put their faith in Avidbots.”

“This year’s Fast 50 winners should be especially proud of this designation, as their role in the fabric of Canadian business—particularly during these turbulent times—is crucial,” said Erica Pretorius, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Their bold vision and true commitment to innovation allow them to not only improve today’s world but also shape tomorrow’s, despite the constant uncertainty. This year’s winners are proving themselves resilient, innovative, and adaptable, all in an unpredictable year defined by economic instability and the continuing public health crisis.”

Avidbots continues to play an important role in maintaining the high standards of cleanliness needed amid COVID-19. Featuring best-in-class technology integration, Neo 2 is powered by the Avidbots AI Platform and features a market-leading 10 sensors, resulting in 360 degrees of visibility and advanced obstacle avoidance. Coupled with advanced diagnostics and the proprietary Avidbots Command Center, Neo 2 operates with minimal human intervention, delivering maximum uptime and repeatability due to leading-edge automation.

With the launch of Neo 2, Avidbots has been able to help businesses keep their employees, customers and the public safe. Neo 2 increases organizational productivity while giving back time and money that the business can then allocate elsewhere. Since the pandemic has reached North America, Avidbots has seen a 100 percent increase in demand.

About Deloitte

Deloitte provides audit and assurance, consulting, financial advisory, risk advisory, tax, and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and services to address clients’ most complex business challenges. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
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About Avidbots

Avidbots is a robotics company with a vision to bring robots to everyday life to expand human potential. Their groundbreaking product, the Neo autonomous floor scrubbing robot, is deployed around the world and trusted by leading facilities and building service companies. Founded in 2014 and headquartered in Kitchener, ON, Canada, Avidbots is offering comprehensive service and support to customers on 5 continents. Avidbots is backed by top global venture capital firms, including True Ventures, Next47, GGV Capital, BDC, Felicis Ventures, Real Ventures, and Golden Ventures. For more information, visit Avidbots.com.