In a recent financial boost, Omnirobotic Inc. has successfully secured $500,000 to expand its robotic manufacturing technologies. The Laval, Quebec-based firm announced its intention to use the funds to bring its AutonomyOS-powered robots to market, specifically targeting manufacturers grappling with labor shortages in varied production settings. Francois Simard, the company’s CEO, asserts the effectiveness of their autonomous machines in meeting the escalating demand for skilled labor.
New Funding Spurs Business Model Shift
Since its inception in 2016, Omnirobotic has been dedicated to refining AutonomyOS, a sophisticated platform designed to instruct robots in handling unforeseen manufacturing tasks. Initially, Omnirobotic licensed this technology for use in autonomous machine construction. In a strategic pivot last year, the company altered its business model to focus on building and selling robotic tools equipped with AutonomyOS. This business shift was followed by a company restructuring in June.
Support from Investissement Québec, representing the Quebec government, played a pivotal role in Omnirobotic’s transition by restructuring company debt. Concurrently, strategic investors, management, and employees contributed additional funds. Recently, Omnirobotic entered a deal with Würth Baer Supply Co. to sell robotic systems for woodworking and declared intentions to expand its product range into metal and composite sectors.
Robotic Innovations Attract Global Investment
The latest funding round, spearheaded by key investors including Genik and Exelpro management as well as company employees, follows a prior $5 million capital injection in 2020. Genik, a long-standing player in the automation industry, has reaffirmed its commitment to Omnirobotic, recognizing the company’s potential in shaping the future of automation. Genik has also taken steps to integrate AutonomyOS into its operations by training engineers in the platform’s use.
Simard envisions a significant impact on the industry with Omnirobotic’s new products, particularly their autonomous sanding machines disrupting the cabinet-making sector. These innovations enable small-scale companies to automate labor-intensive tasks effectively. To accommodate the increasing production demands, Omnirobotic has recently relocated to a larger facility capable of producing up to 180 machines annually.
This latest financial endeavor not only fortifies Omnirobotic’s market position but also enhances the company’s capacity to address the industry’s skilled labor shortages with advanced robotic solutions. As Omnirobotic takes strides in expanding its offerings, it ensures that small to medium enterprises have access to tried-and-tested automation technologies, setting a new standard in robotic manufacturing.
