KINOVA SECURES $25 MILLION TO INVEST IN ACCELERATING COMPANY GROWTH AND INNOVATION

News & Events

Kinova has even more reason to be excited about the future. The robotics solutions company is proud to announce it has received funds totaling $25 million CAD from four major global contributors to continue its growth in several important areas.

 

Among them are lead investor Fonds Manufacturier Québécois S.E.C. II; co-investors KTB Network Co., Ltd. (South Korea) and Foxconn (Taiwan); and BDC Capital, the investment arm of BDC (Canada).

 

“We want our users to achieve the extraordinary with our robots, creating more value for themselves and our society,” said Kinova CEO Charles Deguire. “The financial support, broad expertise and geographic coverage of our experienced partners gives us additional resources to accelerate our growth, quickly and strategically establish our presence in new markets, develop an extended line of breakthrough products, and propel our advanced manufacturing capabilities.”

 

View the full press release here.

You might also like these articles

Expert Talk

STEERING TOWARDS CO-CREATION, COLLABORATION, AND INNOVATION – #KINOVAONTHEROAD in 2018

My objective at Kinova is to build bridges between people, businesses, educational organizations, and governments to effectively fuel the cycle of innovation. Unsurprisingly, that means hopping on a plane and going to find the best people in the world to exchange with. This is why the concept of Steering Committees as I came to realize is, and will increasingly be, vital.

Read more
Expert Talk

CEO Q&A: Why is the business world the most efficient method to fuel innovation?

While the products and the company has evolved over time, what has remained stagnant is Deguire’s commitment to science that empowers mankind. What does that mean in practical terms? This Q&A uncovers the foundations of Charles’ inspirations and explains why the business world is the most efficient method to fuel innovation.

Read more
Expert Talk

Robotics Innovation Through the Lens of a Marketer

[…] as a marketer, I was eager to learn how companies considered the marketing element in their product planning; while innovation abounds, I often observe that one of the most frequently missteps is the marketing piece: how will you reach your end user? How will you make your product connect with their needs? What’s your unique value proposition? Commonly remain unanswered, much do the dismay of myself — and the end user.

Read more