On October 24, 2017, Kindred Systems Inc. announced it had closed a C$35.4 million Series B round, led by Chinese investor Tencent, with participation from previous investors Eclipse Ventures and First Round Capital.
This round of funding will be used for the continued R&D of Kindred’s “robots-as-a-service”. Kindred is a Vancouver-based artificial intelligence (AI) company working towards a future where intelligent machines can solve real world problems.
Fasken’s Keith Spencer (technology) advised Kindred on all aspects of the financing.
