$4 million raised

Embotics secures $4 million in its series-B round, which it plans to use to further penetrate target markets in North America and Europe. To help embotics.JPGaccomplish this goal the company, which makes software to manage and track virtual servers, says it expects to hire more staff in the near future. Led by new investor Covington Capital Corp., the financing round saw the Toronto firm’s managing director, Phil Reddon, added to Embotics’s board. Covington was an early investor in PlateSpin Ltd., whose founder, Stephen Pollack, recently joined Embotics’s board too.

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