Xaba: Closes Seed Funding

Xaba Closes Seed Funding

  • Xaba, a Toronto, Canada-based developer of an AI-driven robotics and CNC machine controller, raised a Seed funding of undisclosed amount
  • The round was led by Hazelview Ventures with participation from Whiteshell Group, Inc
  • The company intends to use the funds to accelerate the development of its manufacturing platforms, launch pilot programs, and grow the team across sales, deployment, and customer support
  • The company develops processes, control systems, and materials that automate and enable sustainable manufacturing
  • Its intellectual property uses artificial intelligence (AI) to control industrial robots and enable additive manufacturing machines to synthesize materials or create true digital twins
  • The company has two manufacturing platforms – xCognition and xTrude – which use proprietary, state of the art industrial artificial intelligence (AI) to provide high execution quality, and autonomy
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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