By: Terry Pender
Source: The Record
KITCHENER —Clearpath Robotics will soon mark its fifth anniversary with profit, the sale of its 1,000th robot and plans to significantly expand its workforce of highly skilled engineers.
“We have very tangibly left the startup stage,” Matt Rendall, the Kitchener company’s chief executive officer, said.
Later this month or next month, Clearpath will move into larger quarters at 1425 Strasburg Rd. in the Huron Business Park. The new location will contain 12,000 square feet of space, more than double its current location at 148 Manitou Dr.
As it prepares to move, it is also gearing up for its biggest recruitment drive. There are 38 people working there now, and that number is expected to double over the next 12 to 18 months.
“Statistically speaking, the five-year mark is the make-or-break point for startups to succeed or fail,” Rendall said. “We had our best year yet.”
Clearpath’s fiscal year ended in February. The company said it exceeded its goals and is making money.
As Clearpath transitions from late-stage startup to a growing technology company, it must grapple with a challenge common to many in the sector — the retention and recruitment of talent.
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