Colin Angle’s New Home Robot Startup Aims to Raise $30M
Colin Angle, a co-founder of the popular Roomba maker iRobot, is making waves in the tech world once again with his latest venture. His new company, Familiar Machines & Magic, is currently in the process of raising an impressive $30 million in funding. So far, they have secured $15 million from a select group of eight investors, as revealed in a recent filing with the U.S. Securities and Exchange Commission.
Revolutionizing Home Robotics
Based in Boston with plans to expand to Los Angeles, Familiar Machines is set to revolutionize the world of home robotics. In a recent interview with The Boston Globe, Angle shared that their focus will be on developing a new generation of home robots centered around health and wellness. Alongside Angle, the company boasts an impressive lineup of co-founders, including former iRobot CTO Chris Jones and Ira Renfrew, a key player in the creation of Amazon’s Scout delivery bot.
Exploring New Frontiers
Familiar Machines is not shying away from innovation. According to reports, the company is delving into the realm of robotic companionship, with potential plans to introduce AI-powered “furry pets” to the market. With a keen eye on human-robot interaction, Familiar Machines is actively recruiting top-tier talent, including AI researchers and software engineers, to bring their vision to life.
The Future of Home Robotics
While the home robotics market has seen its fair share of challenges, tech giants like Amazon and Apple are forging ahead with their own ventures. Despite past setbacks in the industry, the potential for growth is undeniable. According to industry reports, the household robotics segment could reach a value of $24.5 billion by 2028, with numerous startups securing substantial investments in recent years.
Kyle Wiggers, a seasoned reporter with a passion for artificial intelligence, provides valuable insights into the ever-evolving landscape of technology. As he navigates the bustling streets of Brooklyn with his partner, a piano educator, he occasionally attempts to tickle the ivories himself, albeit with mixed results. Wiggers’ unique perspective sheds light on the human side of tech innovation, reminding us that even in the world of robots and AI, it’s the personal connections that truly matter.
