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Avidbots raises $70m in Series C round led by Jeneration Capital

Robotics company Avidbots has raised $70 million in a Series C funding round led by Jeneration Capital, with strong participation from existing investors True Ventures, Next 47, SOSV, GGV Capital, BDC Capital, Golden Ventures, and Kensington Capital Partners. 

New investors – BMO Capital Partners, Golden Vision Capital and Nicola Wealth – also joined in the latest funding round. 

With this financing, Avidbots has raised more than $107 million to date.

In addition to expanding its fleet of commercial cleaning robots and add-ons, along with enhancing its autonomy software, Avidbots will use the funding to grow its sales and marketing efforts to bring products to more customers in automation growth markets, such as the United States, and worldwide. Strong demand for the company’s commercial cleaning, autonomous floor-scrubbing robot, Neo 2, also has Avidbots looking to add more than 100 employees in the areas of product, engineering, sales and marketing within the next 12 months.

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