About Avidbots
Avidbots is a company based in Kitchener (Canada) founded in 2014 by Faizan Sheikh and Pablo Molina. Avidbots has raised $96.64 million across 6 funding rounds from investors including BDC, Kensington Capital Partners and Jeneration. The company has 34 employees as of April 08, 2024. Avidbots offers products and services including Neo, Neo 2W, and Kas. Avidbots operates in a competitive market with competitors including Skyline Robotics, Hayward, Lucid Bots, Gaoxian Robotics and Left Hand Robotics, among others.
- Headquarter Kitchener, Canada
- Employees 34 as on 08 Apr, 2024
- Founders Faizan Sheikh, Pablo Molina
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Sectors
Business ServicesIndustrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Avidbots India Private Limited
- Date of Incorporation 22 Mar, 2022
- Jurisdiction Serilingampally, Telangana, India
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Annual Revenue
$172.16 K (USD)0as on Mar 31, 2023
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Net Profit
$15.41 K (USD)0as on Mar 31, 2023
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EBITDA
$31.65 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$96.64 M (USD)
in 6 rounds
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Latest Funding Round
$70 M (USD), Series C
Sep 27, 2022
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Investors
BDC
& 13 more
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Employee Count
34
as on Apr 08, 2024
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Products & Services of Avidbots
Avidbots offers a comprehensive portfolio of products and services, including Neo, Neo 2W, and Kas.
Robot for efficient warehouse floor cleaning with AI navigation.
Advanced robot for retail and manufacturing floor maintenance.
Compact robot designed for tight spaces in various facilities.
People of Avidbots
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Funding Insights of Avidbots
Avidbots has successfully raised a total of $96.64M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Avidbots
Avidbots has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include BDC, Kensington Capital Partners and Jeneration.
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Venture capital firm supporting AI founders through investments and community.
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Venture investments in systems, infrastructure, and applications for enterprise founders.
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Investor details for Avidbots
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Investments & Acquisitions by Avidbots
Investment portfolio details for Avidbots
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Financial Statements - Avidbots
Detailed financials for Avidbots
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Avidbots Comparisons
Peer comparison for Avidbots
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Competitors of Avidbots
Avidbots operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Skyline Robotics, Hayward, Lucid Bots, Gaoxian Robotics and Left Hand Robotics, among others.
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Provider of AI-based window cleaning robots
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Manufacturer of pool and spa equipment for residential and commercial pools, offering environmentally responsible and cutting-edge products
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Provider of tech enabled cleaning solutions through autonomous robotic products for dull, dirty, and dangerous jobs
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Cleaning robot platforms and accessories are provided for service applications.
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Autonomous snow clearing robots are developed for roadways.
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Detailed competitors of Avidbots
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Latest news on Avidbots
Complete news archive for Avidbots
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Frequently Asked Questions about Avidbots
Avidbots was founded in 2014.
Avidbots is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
JJ Ethridge is the current CEO of Avidbots.
Avidbots is a funded company, having raised a total of $96.64M across 6 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Avidbots is 34.
Annual revenue of Avidbots is $172.16K as on Mar 31, 2023.
Avidbots was founded in 2014 in Kitchener, Canada, within the robotics sector focused on commercial cleaning solutions. Autonomous floor-scrubbing robots, such as the Neo model, are offered with touch-screen interfaces, cameras, sensors, dynamic mapping, and obstacle-avoidance capabilities for navigation in facilities including airports, retail spaces, educational institutions, warehouses, and healthcare centers. A cloud-based application is utilized for real-time fleet monitoring and retrieval of cleaning reports, productivity metrics, and coverage maps.
Avidbots's top competitors include Peppermint Robotics, Hayward and Skyline Robotics.
Avidbots offers Neo, Neo 2W, and Kas.
Avidbots has 14 investors. Key investors include BDC, Kensington Capital Partners, Jeneration, True Ventures, and Next47.