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AvidBots

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A company that builds indoor autonomous robotics systems to solve business problems in real world environments

Kitchener, CanadaFounded 2014Robotics
Valuation $250–500M Last recorded · 2022
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for AvidBots and the history behind them.

About AvidBots

Avidbots is a technology startup that specializes in the development and distribution of autonomous cleaning robots. The company's flagship product, Neo, is a fully automated floor scrubbing robot designed to enhance cleaning productivity while reducing the need for human intervention. Avidbots' primary market is large-scale facilities such as warehouses, logistics centers, and other businesses that require high cleanliness standards.

The company's business model revolves around the sale and maintenance of Neo robots. These robots offer a cost-effective and scalable solution for businesses looking to maintain high cleanliness standards without the challenges associated with hiring and retaining cleaning staff. The robots operate 24/7, providing consistent floor care and surface disinfection.

Avidbots also offers a web-based application that allows clients to monitor and manage their cleaning operations. This app provides detailed cleaning data, offering insights into the facility's cleanliness and efficiency.

The company's value proposition lies in its ability to free up human resources. With Neo handling the cleaning, businesses can redistribute their staff to more value-adding activities, such as improving customer service or focusing on revenue-generating tasks.

In summary, Avidbots provides a high-tech solution to an age-old problem, offering businesses a smarter, more efficient way to maintain cleanliness standards.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2014
Headquarters
Kitchener, Canada
Employees
189
Open positions
8
Dealroom signal
66.0/100
Industry
Robotics
Sector
Robotics, Core AI, Hard Tech, AI Applications, DT and LS, science-based
Technology
Artificial Intelligence, Hardware, Deep Tech, Computer Vision
Business model
Manufacturing
Client focus
b2b

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
CONVERTIBLEOther financing May 2024 $0 — SOSV ↗
SERIES COther financing Sep 2022 $70M $280M True Ventures · BDC Capital · SOSV · Nicola Wealth ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

AvidBots website traffic

Latest recorded traffic for AvidBots is 34K monthly website visits, up 78.9% over the last three months. AvidBots's team declined 14.9% over the past year.

Latest monthly visits34K 3-month web change+78.9% 1-year team growth-14.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

16 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

Series A5 investors entered at this stage

Series B and later7 investors entered at this stage

  • Jeneration
  • BDC Capital
  • Nicola Wealth
  • Golden Ventures
  • Kensington Capital Partners
  • Golden Capital Partners
  • BMO Capital Markets
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇨🇦 Canada56.3%
🇨🇴 Colombia20.1%
🇮🇳 India13.9%
🇺🇸 United States8.3%
🇭🇰 Hong Kong0.7%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about AvidBots on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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