Waterloo Startup Axibo AI Secures $12M to Pioneer ‘Made in Canada’ Humanoids
WATERLOO, ONTARIO, Apr 23, 2025 – (ACN Newswire via SeaPRwire.com) – Axibo Inc., a Waterloo-based robotics innovator celebrated for its groundbreaking 4D volumetric capture technologies and serving customers like Netflix and Apple, today announced a $12 million funding round. This investment includes $11 million from prominent external investors and an additional $1 million from Axibo’s founders Anoop Gadhrri, Sohaib Al-Emara, and Reiner Schmidt, whose passion for robotics began back in 2019 with their university’s first autonomous vehicle. The funding launches Axibo’s ambitious new division dedicated to advanced humanoid robotics.Axibo FoundersWith a track record of thousands of cinema robots delivered internationally, Axibo will now be leveraging Waterloo’s exceptional AI, robotics, and precision engineering talent to spearhead advancements in humanoid robotics.”We see humanoid robots as the next major milestone in productivity since the Industrial Revolution,” said Anoop Gadhrri, co-founder and CEO of Axib…