Kinova raises $60 million in new financing: The company's expansion into the industrial automation market continues
Summary
Marc Belanger, Chief Financial Officer of Kinova, added, "We are excited to have Graham Partners and EDC as shareholders. Kinovas ingenious technology improves and extends the capabilities of customers with a human-first approach to serve the growing need for robotics across increasingly complex industries. The committed capital raised since inception through the Graham Partners funds together with Graham-led co-investments totals approximately $3.6 billion, which differs from Regulatory Assets Under Management. As international risk experts, we equip Canadian companies with the tools they need – the trade knowledge, financing solutions, equity, insurance, and connections – to grow their business with confidence. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDCs domestic capabilities until December 31, 2021.