US based Maidbot closes Series B investment round led by RB Group

Date: 2020-11-19   Author: Pankaj Singh  Category: #news

US based Maidbot closes Series B investment round led by RB Group

Maidbot, a US based company leading the commercial services robotics industry, has reportedly announced the completion of its Series B investment round. However, the company did not disclose any financial terms of the funding.

RB (Reckitt Benckiser) Group, an Anglo-Dutch international consumer goods firm, led the investment round, which also registered participation from Octave Ventures and numerous other venture capital firms alongside commercial and hospitality real estate executives and family offices. Reckitt Benckiser and Maidbot would be collaborating to design and develop innovative and distinguished commercial cleaning solutions.

Maidbot plans to utilize the newly gathered funding to boost manufacturing and enable product deployments throughout Asia Pacific, named Rosie, for commercial buildings and hotels. This robot moves intelligently across the space as it cleans the floors, collecting environmental and operational data.

Estis Green stated that the company is thrilled to have RB as its partner. As a leading brand as well as innovator, RB brings significant expertise in product development, marketing, manufacturing, and sales. Partnering with RB would help the company expedite its development.

Estis Green further added that RB is aligned with the company’s vision from the first day and also possesses values that are similar ot the ones that have effectively helped to develop a powerful foundation for the long term.

Rahul Kadyan, EVP of global business solutions at RB stated that the company is thrilled to invest in the US based commercial robotics firm to bring the capabilities of robotics to the global commercial service market. Maidbot can drive substantial improvements to hygiene standards throughout several sectors.

Kadyan further added that from this partnership and investment, the company along with RB would allow more businesses to reassure its customers on the venue’s cleanliness and provide an improved hygiene experience.

Source credit: https://www.finsmes.com/2020/11/maidbot-closes-series-b-funding-round.html



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Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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