Axibo – a Waterloo-based robotics innovator known for its 4D volumetric capture technologies and serving customers like Netflix and Apple – announced a $12 million funding round. This funding includes $11 million from prominent external investors and $1 million from Axibo’s founders, Anoop Gadhrri, Sohaib Al-Emara, and Reiner Schmidt, whose passion for robotics started in 2019 with their university’s first autonomous vehicle.
Early team members at the company will create innovative prototypes and directly contribute to substantial societal advancements through robots engineered for safe and intelligent integration into healthcare, logistics, industrial automation, and personal assistance. By fostering an innovation-driven culture emphasizing rapid prototyping and autonomy, Axibo empowers its engineers to experiment freely and iterate swiftly.
The company’s milestones include accelerating proprietary manufacturing processes, expanding its engineering and AI teams, and advancing robot autonomy and dexterity capabilities. And the new division’s first robot prototype, temporarily code-named T.E.B. will debut in early 2026 and demonstrate advanced agility and intelligence.
What the funding will be used for: The funding will be used for Axibo’s new division dedicated to advanced humanoid robotics. With a track record of thousands of cinema robots delivered internationally, Axibo will now utilize Waterloo’s AI, robotics, and precision engineering talent to spearhead advancements in humanoid robotics.
KEY QUOTES:
“We see humanoid robots as the next major milestone in productivity since the Industrial Revolution. Canada is exceptionally well-positioned with its talent and resources. Our commitment is to drive this forward, placing Canada prominently on the global robotics stage.”
“We envision a future where every household benefits from humanoid robotics. Axibo’s technology aims to significantly elevate productivity and everyday life across Canada and beyond.”
Anoop Gadhrri, co-founder and CEO of Axibo
