News Summary

Calgary-based warehouse robotics startup Attabotics has sold its remaining assets to Lafayette Systems, a family-owned engineering firm based in Kentucky, United States. This decision follows months of financial struggles, including creditor protection filings, the termination of nearly 200 employees, and significant revenue drops from $11.4 million CAD in 2022 to $3 million CAD in 2024. Founded in 2015 by Scott Gravelle, Attabotics aimed to innovate the commerce fulfillment industry by developing a robotic system inspired by ant colonies. Despite raising approximately $220 million CAD from high-profile investors such as the Government of Canada and the Ontario Teachers’ Pension Plan Board, the company faced technical challenges and was unable to secure further funding. Lafayette Systems, formed by Bruce and Beth Robbins, acquired Attabotics’ assets, including intellectual property and inventory, after submitting the highest bid among six contenders.