OTTO Motors Raises $29 Million to take its Autonomous Cell Robots International

Collection C spherical comes amid rising international demand and bigger deployments of OTTO’s confirmed AMR expertise 

(Kitchener, ONTARIO – June 1, 2020) – OTTO Motors, a division of Clearpath Robotics, in the present day introduced it has closed $29 million (USD) in Collection C funding for the continued enlargement of its autonomous cellular robotic (AMR) platform. The funding, which follows years of speedy progress, was led by Kensington Personal Fairness Fund with participation from BMO Capital Companions, Export Improvement Canada (EDC), and former traders iNovia Capital and RRE Ventures. 

OTTO Motors allows the world’s largest firms to create safer and extra productive workplaces with autonomous materials dealing with. This funding will probably be used to increase OTTO’s international community of supply companions and speed up its product roadmap for enterprise prospects with emphasis on its industry-leading autonomous expertise. 

Demand for AMRs has been rising worldwide as producers have struggled to seek out staff to serve crucial wants. The abilities hole is projected to go away 2.4 million positions unfilled between 2018 and 2028, in response to a 2018 research by Deloitte and The Manufacturing Institute, and the necessity for automation is projected to develop as firms search methods to enhance enterprise continuity throughout and after the COVID-19 pandemic.

“Cell robots are not a luxurious within the office; they’re a necessity,” mentioned Clearpath CEO and co-founder Matthew Rendall. “In a post-COVID world, AMRs improve employee security and convey resiliency to provide chains. As enterprises adapt, AMR demand will speed up globally. This funding will allow us to develop to fulfill the evolving wants of the factories and warehouses of the longer term wherever on this planet.”

“Clearpath and its OTTO autonomous cellular robots have been on our radar for a while.  We see robust tendencies favouring the acceleration of commercial automation typically, with Clearpath positioned very strongly to learn from this quickly rising sector,” mentioned Rick Nathan, senior managing director at Kensington. “OTTO’s expertise leads the marketplace for core infrastructure for the manufacturing facility of the longer term. It’s turning into more and more essential for patrons throughout all manufacturing and a compelling alternative for our traders.”

OTTO has helped Berry International Group, a Fortune 500 producer, meet growing buyer demand regardless of labor shortages at a plant in Kentucky. Berry International’s fleet of 19 OTTO AMRs function 24×7 supplying instances to and from automated manufacturing machines. 

“Our mission to make sure a secure and productive work atmosphere, together with the challenges of persistent labor constraints, has led us to extend investments in inventive automation options,” mentioned Scott Spaeth, director of company automation at Berry International. “The OTTO autos tackle these challenges and ship improved operations reliability, whereas enhancing the working atmosphere for our staff.”

Since launching in 2015, OTTO Motors has emerged as a frontrunner in enterprise AMR deployments. Over 70% of the AMRs put in by OTTO are in Fortune International 500 firms, together with GE, Toyota, Nestle, and Berry International. In current months, OTTO has additionally seen a surge in demand from important companies responding to elevated operational dangers related to COVID-19, together with meals, beverage and medical machine manufacturing. 

Together with this Collection C spherical, OTTO Motors has now raised $83 million (USD) in funding. 

About OTTO Motors

OTTO Motors is the economic division of Clearpath Robotics. OTTO Motors supplies autonomous cellular robots for materials dealing with inside manufacturing amenities and warehouses. OTTO is trusted for mission-critical deliveries spanning essentially the most demanding of commercial environments. Prospects embody a few of the world’s largest organizations, together with GE, Toyota, Nestle, and Berry International. For extra data, go to www.ottomotors.com.

About Clearpath Robotics, Inc.

Based in 2009, Clearpath Robotics established itself as a pioneer in autonomous robotics when it developed one of many world’s first platforms for robotics analysis. At present, the Clearpath Robotics platform is used to help robotics innovation in mining, army, agriculture, aerospace, and academia. In 2015, the corporate established the OTTO Motors division to deal with using autonomous cellular robots for supplies dealing with in warehouses and factories. Go to www.clearpathrobotics.com and www.ottomotors.com for extra data.

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