Robotics company brings 30 new jobs to Fredericton in opening Canadian office
Opportunities NB estimates that creating up to 30 jobs would contribute $7.4 million in direct GDP for the province over four years.0
Lateetud Inc., a Washington based robotics company, is opening a global office in Fredericton, New Brunswick, which aims to create 30 new jobs over the next four years.
Known for their implementation of robotic process automation, Lateetud uses “software robots,” to work on different technologies such as machine learning, optical character recognition, text analytics, business process management, document management and artificial intelligence. The company is looking to hire for a variety of positions including design engineers, software developers and a full sales team.
“Lateetud is proud to be joining the long list of cutting-edge companies that have chosen to make their home in New Brunswick,” said Pawan Jadhav, Lateetud CEO in a press release. “As we take the next steps in our growth, it’s good to know we will have a presence in one of North America’s leading technology hubs,” he said.
Opportunities NB estimates that creating up to 30 jobs would contribute $7.4 million in direct GDP for the province over four years and would generate $510,000 in provincial income taxes over the same period.
To support the creation of these jobs, the company is eligible for an investment of up to $375,000 from Opportunities NB, which is a Crown corporation that works to attract and support opportunities to grow the economy and create jobs. It provides support services for businesses across New Brunswick.