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Clearpath builds autonomous mobile robots and robotic platforms for industrial and research settings. Their robots navigate complex environments using onboard sensors, artificial intelligence, and machine learning to understand surroundings, plan routes, and carry out tasks with minimal human help. What sets Clearpath apart is its range of versatile, ready-to-use platforms designed for tough real-world conditions, combined with a focus on safety, reliability, and collaboration with customers in manufacturing, logistics, agriculture, and academia. The goal is to help organizations automate operations, boost productivity, and expand the use of robotics in their work.
Industries
Robotics & Automation
Industrial & Manufacturing
AI & Machine Learning
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$80.7M
Headquarters
Kitchener, Canada
Founded
2009
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Total Funding
$80.7M
Below
Industry Average
Funded Over
7 Rounds
Health Insurance
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Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Professional Development Budget
Rockwell Automation has completed its acquisition of Clearpath Robotics, including its industrial division OTTO Motors, enhancing its capabilities in autonomous mobile robots (AMRs) for industrial applications. This acquisition is expected to boost Rockwell's fiscal year 2024 revenue growth by a percentage point. The AMR market in manufacturing is projected to grow 30% annually, reaching $6.2 billion by 2027. OTTO Motors will be showcased at Rockwell's Automation Fair in Boston, Nov. 6-9.
Listen to this articleClearpath Robotics’ Ridgeback autonomous mobile robot. Rockwell Automation is acquiring Clearpath Robotics, an Ontario, Canada-based developer of autonomous mobile robots (AMRs) for research and development purposes. OTTO Motors, a division of Clearpath, develops AMRs for manufacturing and logistics applications and is also part of the acquisition. Financial details of the pending acquisition were not disclosed. However, the acquisition will be funded by a portion of the proceeds from the sale of Rockwell’s investment in PTC. It is subject to customary regulatory approval and is expected to close in the first quarter of Rockwell’s fiscal year 2024
Mitsubishi Electric Invests in north American autonomous mobile robot supplier, in major deal following years of partnership
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Industries
Robotics & Automation
Industrial & Manufacturing
AI & Machine Learning
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$80.7M
Headquarters
Kitchener, Canada
Founded
2009
Find jobs on Simplify and start your career today