Canadian Manufacturing

Kinova raises $60M

Kinova says it will use the funds to augment engineering resources to meet the demands of global customers.

February 9, 2022   by CM Staff

MONTREAL — Kinova has closed investments totalling $40 million in dealings led by Graham Partners with participation of Export Development Canada. The robotics company has also closed an agreement with the Canadian government under the Strategic Innovation Fund for $20 million.

Kinova says it will use the funds to augment engineering resources to meet the demands of global customers. The company will announce new products for the industrial markets later in 2022.

“Kinova is expected to benefit from Graham Partners’ deep domain expertise in medical and industrial technology, as well as experience deploying automation solutions across its portfolio of advanced manufacturing and industrial technology businesses. Graham Partners will leverage its industry resources, operational expertise, and commercial knowledge to support Kinova’s growth,” said Charles Deguire, President, and CEO of Kinova in a statement.

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