March 21, 2019

Avidbots raises $23.6M in Series B funding

Avidbots is thrilled to announce that we’ve closed a $23.6 million Series B funding round led by True VenturesOther returning investors include GGV CapitalSOSVReal Ventures and 500 Startups CanadaNew investors include Next47BDC Capital and KCPL. To date, Avidbots has raised $36 million in venture capital financing.

The support of these prominent venture capital investors is a testament to the incredibly hard work of the entire Avidbots team over the past two years. We’ve been heads-down building and deploying Neo, the world’s most advanced robotic floor scrubber, and this new capital investment will help us bring Neo to hundreds more locations worldwide. We will use the funding to accelerate hiring and invest in engineering, sales and marketing.  We’re so excited to embark on this next stage of growth at Avidbots!

Please read the press release here.