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November 18, 2020


AVIDBOTS AWARDED DELOITTE’S 2020 TECHNOLOGY FAST 50

Avidbots named among Deloitte’s 2020 Fast 50 as one of Canada’s most innovative
in technology

LEADING ROBOTICS COMPANY RECOGNIZED FOR RAPID REVENUE GROWTH, ENTREPRENEURIAL
SPIRIT AND TRANSFORMATIVE WORK

Kitchener, ON – November 18, 2020  –  Avidbots, the company bringing robots to
everyday life to increase organizational productivity, has been named one of
Deloitte’s 2020 Technology Fast 50. Avidbots is being celebrated for its
innovation in Canadian technology just weeks after the launch of Neo 2, the
newest generation of its revolutionary autonomous robotic floor scrubber.

The annual Deloitte ranking recognizes Canada’s 50 fastest growing technology
companies, celebrating their achievements. Avidbots has joined an impressive
list of companies Deloitte has recognized over the last 23 years, including
Shopify, Blackberry and Hootsuite.

Avidbots has hundreds of Neos deployed around the world, providing solutions to
some of the biggest companies across manufacturing, warehousing, education,
healthcare, airports, retail and beyond.

> “We are excited to be recognized for our groundbreaking work in robotics, and
> honored to be included among Canada’s leading technology companies,” says
> Faizan Sheikh, CEO, and Co-founder of Avidbots. “In a time when cleanliness is
> of the utmost importance, we are looking forward to continuing to innovate
> autonomous floor cleaning and reinforcing our position as the leader in the
> industry. This would not have been possible if it were not for all of the hard
> work of our team of Avidbotters globally. I also want to thank our customers
> around the globe that have put their faith in Avidbots.”
> 
> “This year’s Fast 50 winners should be especially proud of this designation,
> as their role in the fabric of Canadian business—particularly during these
> turbulent times—is crucial,” said Erica Pretorius, partner and national leader
> for the Technology Fast 50 program at Deloitte Canada. “Their bold vision and
> true commitment to innovation allow them to not only improve today’s world but
> also shape tomorrow’s, despite the constant uncertainty. This year’s winners
> are proving themselves resilient, innovative, and adaptable, all in an
> unpredictable year defined by economic instability and the continuing public
> health crisis.”

Avidbots continues to play an important role in maintaining the high standards
of cleanliness needed amid COVID-19. Featuring best-in-class technology
integration, Neo 2 is powered by the Avidbots AI Platform and features a
market-leading 10 sensors, resulting in 360 degrees of visibility and advanced
obstacle avoidance. Coupled with advanced diagnostics and the proprietary
Avidbots Command Center, Neo 2 operates with minimal human intervention,
delivering maximum uptime and repeatability due to leading-edge automation.

With the launch of Neo 2, Avidbots has been able to help businesses keep their
employees, customers and the public safe. Neo 2 increases organizational
productivity while giving back time and money that the business can then
allocate elsewhere. Since the pandemic has reached North America, Avidbots has
seen a 100 percent increase in demand.


ABOUT DELOITTE

Deloitte provides audit and assurance, consulting, financial advisory, risk
advisory, tax, and related services to public and private clients spanning
multiple industries. Deloitte serves four out of five Fortune Global 500®
companies through a globally connected network of member firms in more than 150
countries and territories bringing world-class capabilities, insights, and
services to address clients’ most complex business challenges. Deloitte LLP, an
Ontario limited liability partnership, is the Canadian member firm of Deloitte
Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche
Tohmatsu Limited, a UK private company limited by guarantee, and its network of
member firms, each of which is a legally separate and independent entity. Please
see www.deloitte.com/about for a detailed description of the legal structure of
Deloitte Touche Tohmatsu Limited and its member firms.
Our global Purpose is making an impact that matters. At Deloitte Canada, that
translates into building a better future by accelerating and expanding access to
knowledge. We believe we can achieve this Purpose by living our shared values to
lead the way, serve with integrity, take care of each other, foster inclusion,
and collaborate for measurable impact.

To learn more about how Deloitte’s approximately 312,000 professionals, over
12,000 of whom are part of the Canadian firm, please connect with us on
LinkedIn, Twitter, Instagram or Facebook.


ABOUT AVIDBOTS

Avidbots is a robotics company with a vision to bring robots to everyday life to
expand human potential. Their groundbreaking product, the Neo autonomous floor
scrubbing robot, is deployed around the world and trusted by leading facilities
and building service companies. Founded in 2014 and headquartered in Kitchener,
ON, Canada, Avidbots is offering comprehensive service and support to customers
on 5 continents. Avidbots is backed by top global venture capital firms,
including True Ventures, Next47, GGV Capital, BDC, Felicis Ventures, Real
Ventures, and Golden Ventures. For more information, visit Avidbots.com.


STAY IN THE KNOW

To learn more about how Neo 2™ can help your custodial team and the measurable
results that it will deliver at your facility, please contact us.

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