Attabotics has announced a $71.7 million Series C-1 funding led by Export Development Canada (EDC).
Based in Calgary, Alberta, the company specializes in technology-driven warehousing, utilizing 3D robotics in vertical structures. To date, Attabotic’s total funding has reached $165.1 million, which will be used to advance the commercialization of its platform.
“Our vision from day one has been to revolutionize the current supply chain ecosystem by providing retailers with a fast, sustainable and state-of-the-art model to meet customer needs,” said Scott Gravelle, founder and CEO of Attabotics on Tuesday. “Developing the software and hardware needed to solve the global supply chain problem is a massive undertaking, but this new funding, along with the support of our investors and team, will allow us to scale our technology and extend our commitment to… implementing the most advanced fulfillment technology on the market.”
EDC led the Series C-1 funding with participation from the Ontario Teachers’ Pension Plan Board through Teachers’ Venture Growth.
“It has been a privilege to form a strategic relationship with Attabotics,” said Guillermo Freire, senior vice president of midmarket group at EDC. “They are a forward-thinking company, developing innovative technologies to address the global supply chain challenges for modern commerce while reducing commerce’s environmental footprint. EDC is here to accelerate the international growth of mid-market companies like Attabotics. As a strategic partner, we can not only support them with our financial solutions, but also help fuel their growth by leveraging our international networks to support forays into new markets and build new client relationships around the world.”
The announcement follows Attabotics’ launch of the Attabot 2022 – the company’s first commercialized proprietary robot. It also welcomes its newest partners, such as Pan Pacific Pet, the US Department of Defense and South Korea-based Synus Tech.