On July 16, 2019, RoadBotics completed a USD$7.5 million Series A financing, led by AI-focused venture capital fund Radical Ventures. Other investors included Hyperlane Venture Capital and Wharton Alumni Angels of Silicon Valley. RoadBotics will use this round of financing to accelerate its growth and development of new products.
RoadBotics is an infrastructure technology company that uses AI to revolutionize how governments and engineering firms make data-driven pavement management decisions.
Radical Ventures is a Toronto-based venture capital firm that invests in entrepreneurs that apply deep tech to transform massive industries. Radical Ventures is one of the largest AI-focused funds in the world.
Osler, Hoskin & Harcourt LLP advised Radical Ventures with a team led by Chad Bayne and consisting of Gary Marshall (Emerging and High Growth Companies), Alix Morse and Ethan Chang (Corporate).