Kitchener Canada based Clearpath Robotics added another $5M investment to their Series C funding round this week.
McRock Fund II LP, the latest Industrial Internet of Things (IIoT) venture capital fund managed by McRock Capital, announced that it has joined the previously announced Series C financing in Clearpath Robotics (Clearpath). McRock’s USD $5M participation increases the Series C round to USD $34 million. McRock joins Kensington Private Equity Fund, BMO Capital Partner, EDC, iNovia Capital and RRE Ventures. Whitney Rockley, Co-founder & Managing Partner from McRock has joined Clearpath’s Board of Directors.
“We are excited to welcome McRock as an investor and a partner in Clearpath given their strong focus and experience in industrial automation.,” said Matthew Rendall, Clearpath Robotics CEO and Co-founder. “Their track record of scaling hardware and software businesses focused on large industrial markets attracted us to their team.”
“We have been following the exciting progress of Matt Rendall and the team at Clearpath for years,” said Whitney Rockley, Co-founder of McRock Capital. “Not only are they a global leader in providing safetycertified and rugged AMRs but they have extremely broad and deep bench strength in autonomy and navigation, which is the future of transportation across a broad array of sectors”.