Deep tech · Seed
Cedar Robotics
Autonomous inspection robots for utilities. Raising seed capital to expand after $1.4m contracted with two provincial utilities..
Round progress
••• of $2,000,000
Instrument
SAFE
Min cheque
$25K
Valuation cap
•••
Deadline
142 days
Committed capital and the valuation cap open after sign-in.
Problem
Utilities inspect substations manually and miss failures between cycles.
Solution
A rugged inspection robot with thermal and acoustic sensing, sold as a service.
Traction
$1.4M contracted with two provincial utilities.
Team
Ex-Clearpath robotics leads; 18 people.
Use of funds
60% engineering and product, 25% go-to-market hires, 15% compliance and working capital.
Early-stage investing carries a high risk of losing all capital. GAIN does not hold investor funds and does not give investment, legal or tax advice.