Clearpath Robotics' industrial robot spinoff has secured series C capital in a round the company said expanded its overall fundig to $83m.

Otto Motors, the industrial arm of Canada-based robotics equipment producer Clearpath Robotics, has closed a $29m series C round led by Kensington Private Equity Fund.

The round included BMO Capital Partners, a subsidiary of financial services firm Bank of Montreal, as well as government export credit agency Export Development Canada and venture capital firms Inovia Capital and RRE Ventures.

Launched in 2015, Otto provides autonomous robots used to transport materials within industrial warehouses and manufacturing plants. The series C proceeds…