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Canvas Technology Grabs $15M

BOULDER, CO, Canvas Technology today announces a $15 million Series A financing.
Canvas Technology, a robotics company building autonomous technology for industrial applications, announced its Series A financing, led by Playground Global with participation from previous investors, including Xplorer Capital, AME Cloud Ventures and Morado Ventures.

Canvas Technology has built a state-of-the-art autonomous system for efficient movement of mobile vehicles in factories and warehouses. The system includes high-performance proprietary 3D sensors and an end-to-end software package that can be utilized on mobile hardware including the Canvas Autonomous Cart. Canvas' autonomous platform accels in unstructured environments such as lean manufacturing, high-growth and dynamic warehouses, outdoor logistics or construction sites.

Playground Global's sole purpose is to back entrepreneurial companies building the future of the connected world through software-defined hardware. "The Canvas team has created a powerful vertically integrated robot operating system, with perception and speed that rivals anything we've seen. We think it will not only bring enormous gains to the manufacturing and logistics sectors but to many other industries that need a turn key autonomous technology solution," said Andy Rubin, Co-Founder of Playground Global.

The system utilizes computer vision to continuously map its environment, efficiently plan the best navigation path and intelligently work with people and other mobile equipment. Canvas is particularly focused on fast-moving and changing environments.

Canvas Technology is a robotics company with a mission to provide end-to-end autonomous transport of goods. We're creating safe and powerful autonomous technology that can power both indoor and outdoor driving. Canvas is breaking down barriers of cost and complexity at a time when business is more focused than ever on technologies that drive efficiency and automation.
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