Maybe it’s because I have had training in physics but to me, money is energy. The more you have, the more you can make things move. Now Robotiq has much more and we will move bigger things even faster! That extra boost comes from Battery Ventures, who just invested $31M in Robotiq. We have an official press release relating this exciting news, but I wanted to write a personal note on the event as it will transform this company I co-founded 10 years ago with JP and Vincent.
Since then, many lessons were learned and great things happened. We’ve seen the birth and initial growth of the collaborative robotics industry. We’ve contributed to free thousands of human hands from repetitive tasks, enabling thousands of collaborative robot applications with our global network of highly skilled partners. We’ve also invested heavily in educating the market, explaining why and how to deploy cobot applications, even writing Lean Robotics, a book on the topic.
I am extremely proud of the quality of the team members who joined us in the last decade and of what we have achieved together. This is especially true considering the limited financial resources that we had to do it : This investment is the first external money that we take. This regime instilled a culture of innovation and resourcefulness to deliver results that will endure. We now have what it takes to multiply the impact of the work we’re doing.
Now that collaborative robotics is accelerating and becoming widely adopted by manufacturers worldwide, it’s time to step up our game. To do so, we wanted to find a solid partner, which is exactly what Battery is. Since the first contact we had with their team, they prove that their experience in growing high tech industrial businesses will make a tremendous difference to help us grow Robotiq to the next level. I am extremely happy to have such world class partner on our side for the next phase of the Robotiq evolution.
Stay tuned!
For more investment strategies, visit ETF Trends.