The Calgary robotics firm filed a notice of intention with the Office of the Superintendent of Bankruptcy Canada, dated July 2. Montreal law firm Richter is representing Attabotics in the proceedings. (The Logic)
Skip to content
The Calgary robotics firm filed a notice of intention with the Office of the Superintendent of Bankruptcy Canada, dated July 2. Montreal law firm Richter is representing Attabotics in the proceedings. (The Logic)
Talking point: The filing confirms earlier reports that one of Calgary’s most prominent tech firms was headed toward insolvency. Notices of intent are the first stage in bankruptcy proceedings, giving the company time to restructure its finances or sell assets. Attabotics has not publicly spoken about its potential closure, but CEO Scott Gravelle’s LinkedIn page now describes him as a “recovering visionary” who is “taking a long deserved break.” The company’s warehouse technology uses robots and AI to sort and distribute products from shelves. Attabotics has raised US$147 million, according to PitchBook, from investors including Ottawa’s Strategic Innovation Fund and U.S. industrial giant Honeywell.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Alberta wants to be a model for government AI and power Canada-wide adoption
Briefing
Constellation Software’s Harris acquires TouchBistro
Aritzia doubles its first quarter profits on strong sales
Carney confirms Saudi Arabia’s Public Investment Fund to attend his investment summit
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
