About Clearpath Robotics
Clearpath Robotics is a company based in Kitchener (Canada) founded in 2009 was acquired by Rockwell Automation in September 2023.. Clearpath Robotics has raised $85.79 million across 11 funding rounds from investors including SVB, Hyundai Motor Company and Mitsubishi Electric. Clearpath Robotics operates in a competitive market with competitors including Gideon, Muddy Machines, AutoNxt Automation, Capra Robotics and Ghost Robotics, among others.
- Headquarter Kitchener, Canada
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Sectors
Transportation, Automotive & LogisticsAgriculture Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85.79 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
SVB
& 15 more
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Employee Count
Employee Count
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Acquired by
Rockwell Automation
(Sep 05, 2023)
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Software Development Team
222 people
Sales and Marketing
85 people
Leadership Team
79 people
Human Resources and Administration
32 people
Global Team
31 people
Senior Team
27 people
Operations Team
21 people
Account Team
20 people
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Funding Insights of Clearpath Robotics
Clearpath Robotics has successfully raised a total of $85.79M across 11 strategic funding rounds. 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.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
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First Round
First Round
(01 Jun 2010)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series C - Clearpath Robotics | Valuation |
investors |
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| Mar, 2021 | Amount | Series C - Clearpath Robotics | Valuation | Hyundai Motor Company |
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| Jan, 2021 | Amount | Series C - Clearpath Robotics | Valuation | BDC |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Clearpath Robotics
Clearpath Robotics has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Hyundai Motor Company and Mitsubishi Electric. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm specializing in industrial software and AI investments
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Clearpath Robotics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Clearpath Robotics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clearpath Robotics Comparisons
Competitors of Clearpath Robotics
Clearpath Robotics 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 Gideon, Muddy Machines, AutoNxt Automation, Capra Robotics and Ghost Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Autonomous mobile robots for material handling are provided by Gideon.
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| domain | founded_year | HQ Location |
AI-powered autonomous robots for crop fieldwork are developed.
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| domain | founded_year | HQ Location |
Electric tractors are manufactured for agriculture, industry, and defense uses.
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| domain | founded_year | HQ Location |
UGVs for outdoor activities and surveillance are provided.
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| domain | founded_year | HQ Location |
Multi-legged robot platforms for rough terrain are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clearpath Robotics
Frequently Asked Questions about Clearpath Robotics
When was Clearpath Robotics founded?
Clearpath Robotics was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Clearpath Robotics located?
Clearpath Robotics is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Is Clearpath Robotics a funded company?
Clearpath Robotics is a funded company, having raised a total of $85.79M across 11 funding rounds to date. The company's 1st funding round was a Series C of $5M, raised on Jun 01, 2010.
What does Clearpath Robotics do?
Provider of autonomous robots. Its offerings are Jackal, Warthog, and Husky that are land-based robots, Ridgeback, Boxer and Turtle for load handling, Heron for research in aquatic environments and Otto, a self-driving robot for industrial purpose. The products are equipped with Bluetooth, Lidar, stereo camera, ROS and NVIDIA processor, GPS and more. It also provides software such as Autonomy Research Kit for autonomous navigation, Teleoperation Software Package, and more. It caters to multiple industries from logistics to ocean exploration, land exploration, and more.
Who are the top competitors of Clearpath Robotics?
Clearpath Robotics's top competitors include Gideon, AutoNxt Automation and Muddy Machines.
Who are Clearpath Robotics's investors?
Clearpath Robotics has 16 investors. Key investors include SVB, Hyundai Motor Company, Mitsubishi Electric, BMO, and Rockwell Automation.
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