Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
02.27.24
Pillsbury advised Brain Corp., a leading autonomous technology company creating transformative solutions in robotics and artificial intelligence, in its joint, exclusive technology agreement with Tennant Company.
Tennant Company is a world leader in the design, manufacturing and marketing of solutions to reinvent cleaning equipment. The agreement will accelerate the development and adoption of the next generation of robots in the floor cleaning industry.
With Tennant’s purpose-built robotic equipment and Brain Corp’s next-generation and AI-enabled autonomous navigation technology, the results are expected to improve the customer return on investment and enable more customers to invest in robotic cleaning, according to a company press release.
Additionally, as part of the agreement, Tennant invested $32 million into Brain Corp. and Tennant’s senior vice president and CFO, Fay West, will join Brain Corp.’s board of directors.
To learn more about the agreement, click here.
The San Diego-based Pillsbury deal team was led by Corporate partner Richard Blaylock and included Emerging Companies & Venture Capital counsel Walter Scott and Corporate partner Mike Hird.